Boeing Defense reports ‘immaterial’ financial impact in Q3 from machinist strike
Despite good performance during the quarter, Boeing announced a new $149 million loss on the KC-46 tanker due to ripple effects on the commercial 777X jet program.
In first time since 2019, Boeing goes half a year without losses on defense programs
“We want to get our BDS [Boeing Defense, Space and Security] business back to high single digit margins and see nothing that's going to keep us from doing that,” Boeing CEO Ortberg said.
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The network transport layer is the backbone of next-generation command and control
Hybrid communications requirements will shape the Army’s data infrastructure of the future.
Top US defense primes record minimal tariff impact in Q1 earnings
The six largest US defense firms all reported quarterly results this week, and the potential impact of tariffs was front and center.
Boeing to sell parts of digital aviation solutions portfolio for $10.55 billion
The sale includes Boeing’s digital flight planning tools Jeppesen, Foreflight, AerData and OzRunways, though the company “will retain core digital capabilities" as part of the deal with private equity firm Thoma Bravo.
Trump ‘clearly not happy’ with delivery schedule for new Air Force One jets, Boeing CEO says
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.
Boeing to log $1.7B in defense program losses in fourth quarter
Boeing’s total year end charges of $4.9 billion on its troubled portfolio of fixed price weapons contracts is the largest-ever loss for its defense unit, up from losses of $4.4 billion in 2022.
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Powering the future: Securing America with domestically made microelectronics
Onshoring and investment in military-specific semiconductors anchor a cornerstone of the defense industrial base.
Boeing machinists vote to end strike, putting KC-46, P-8 programs back on track
Members of the International Association of Machinists and Aerospace Workers (IAM), which represents about 33,000 Boeing workers mostly in Washington state and Oregon, voted in a 59 percent majority to end the strike and will return to work on Nov. 6.
Boeing CEO says defense is ‘core’ to business, doesn’t preclude sell-off of ‘fringe’ assets
“Clearly our core of commercial airplanes and defense systems are going to stay with the Boeing Company for the long run," Boeing CEO Kelly Ortberg said in an earnings call.
Boeing’s defense unit logs massive $2 billion in losses for third quarter
"In BDS [Boeing Defense Space and Security], our performance on fixed-price development programs is simply not where it needs to be," Boeing CEO Kelly Ortberg said.
Boeing defense chief Ted Colbert pushed out
New Boeing CEO Kelly Ortberg announced Friday evening that Colbert was exiting the company, effective immediately.
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AI in the loop: Transforming military training and system design through smarter simulation
CAE and General Atomics use AI to enhance warfighter readiness, refine aerospace platforms, and learn from simulations.
Boeing defense programs to feel the pinch as Seattle-based union votes to strike
The strike stops production of Boeing’s 737, 767 and 777 jetliners in the Seattle region as well as military derivatives of those aircraft, which include the 737-based P-8 Poseidon maritime aircraft and the 767-based KC-46 tanker.
Boeing taps Kelly Ortberg, former Rockwell Collins head, as new CEO
Ortberg, who retired from Rockwell Collins in 2021, will take over a Boeing that is besieged by losses on the defense side and public condemnation on the commercial side.