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Boeing CEO Kelly Ortberg said Department of Government Efficiency chief Elon Musk is “helping us in a big way” to speed up the schedule for the two planes, as setbacks risk delaying their delivery until after Trump leaves office.
By Michael Marrow
President Donald Trump had a hands-on approach with the defense industry during his first administration. This time? Don’t rule it out.
By Valerie Insinna
Even more delays may lie ahead for Boeing’s efforts to convert two 747s into flying West Wings.
By Michael Marrow and Valerie Insinna
The new C-40s would supplement executive airlift missions for “Top Five” users — the vice president, first spouse, defense secretary, Joint Chiefs chairman and secretary of state — who rely on a fleet of C-32 aircraft that can only support 59 percent of Top Five travel requests, the Air Force told Breaking Defense.
By Michael Marrow and Valerie Insinna
“We had a good start to the year, but this quarter you’ll see to be significantly challenged. It’ll look like it looked the third quarter of last year,” Boeing’s defense CEO Ted Colbert told reporters ahead of Farnborough Airshow.
By Valerie Insinna
Boeing is currently revising the schedule for the presidential jetliner once again, which is expected to be updated later this summer, according to an Air Force spokesperson.
By Michael Marrow
“[W]hat we have done is assured the Air Force that everything we produce under the contract becomes their data,” said Brady Hauboldt, SNC’s vice president of aviation strategic plans and programs.
By Michael Marrow
The aerospace giant chose to forego overall financial guidance for 2024 as it struggles with safety concerns in its commercial business.
By Michael Marrow
“These are disappointing results in the quarter and year to date. This performance is below our expectations and we acknowledge that we aren’t as far along in this recovery as we expected to be at this stage,” said Chief Financial Officer Brian West.
By Michael Marrow
Boeing Chief Financial Officer Brian West previously warned that it could take several years until the company’s struggling defense sector turns a profit.
By Michael Marrow
A new watchdog report warns of a year-long delay for America’s next ICBM, as well as potential schedule slips for F-15EX, KC-46A and the Air Force One replacement.
By Michael Marrow
The troubled tanker’s charges are now up to over $7 billion as Boeing wrestles to get its fixed-price development contracts on track.
By Michael Marrow
The changes, including halving business divisions, come as Boeing’s defense sector finds itself at a crossroads, with new leadership contending with systemic financial issues tied to its large number of fixed-price contracts with the US government.
By Valerie Insinna
“We’re not embarrassed by [the cost overruns]; they are what they are. And we intend to deliver against these contracts and satisfy our customers,” said Boeing CEO Dave Calhoun.
By Valerie Insinna