Boeing reports another huge loss on Air Force One program
Boeing has eaten more than $2.4 billion in losses on the program, according to a company spokesperson.
Source: defenseone.com
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Boeing's Fighter Jet Business Is Not Dead Yet, New Defense Boss Says
“We’re investing,” says Ted Colbert, outlining company plans on the eve of Farnborough Air Show.
Source: defenseone.com
New Air Force One could face 'quite a significant' 3-year delay
The major driver of the delay is the bankruptcy of GDC Technics, Boeing’s original subcontractor for the VC-25B’s interiors, and the hiring of a new interior supplier, said Andrew Hunter, the Air Force’s assistant secretary for acquisition, technology and logistics.
Source: breakingdefense.com
Boeing's Low-Ball Defense Bidding Has Come Back to Bite Them
The company has lost billions of dollars and the pandemic is making things worse.
Source: defenseone.com
Boeing adds $1B in new charges for Air Force One replacement, T-7 Red Hawk programs
"Air Force One, I'm just going to call a very unique moment, a very unique negotiation, a very unique set of risks that Boeing probably shouldn't have taken," Boeing CEO Dave Calhoun said. "But we are where we are, and we're going to deliver great airplanes. And we're going to recognize the costs associated with it."
Source: breakingdefense.com