Fixed-price contracts to drive new losses for Boeing’s defense arm in second quarter: Exec

Fixed-price contracts to drive new losses for Boeing’s defense arm in second quarter: Exec
Fixed-price contracts to drive new losses for Boeing’s defense arm in second quarter: Exec

“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.

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First flight of new Air Force One jet slips to 2026, Air Force says

First flight of new Air Force One jet slips to 2026, Air Force says
First flight of new Air Force One jet slips to 2026, Air Force says

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.

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SNC plans ‘fully digital’ development for Air Force’s ‘Doomsday plane’ replacement

SNC plans ‘fully digital’ development for Air Force’s ‘Doomsday plane’ replacement
SNC plans ‘fully digital’ development for Air Force’s ‘Doomsday plane’ replacement

“[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.

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Boeing defense business narrows losses as company battles MAX crisis

Boeing defense business narrows losses as company battles MAX crisis
Boeing defense business narrows losses as company battles MAX crisis

The aerospace giant chose to forego overall financial guidance for 2024 as it struggles with safety concerns in its commercial business.

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Air Force One replacement tops $2B in charges as Boeing logs new losses

Air Force One replacement tops $2B in charges as Boeing logs new losses
Air Force One replacement tops $2B in charges as Boeing logs new losses

“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.

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