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NM   The Boeing Company [NYSE: BA] reported fourth-quarter revenue of $15.3 billion, reflecting lower commercial deliveries and services volume primarily due to COVID-19 as well as 787 production issues, partially offset by a lower 737 MAX customer considerations charge in the quarter compared to the same period last year (Table 1). GAAP loss per share of ($14.65) and core loss per share (non-GAAP)* of ($15.25) reflected a $6.5 billion pre-tax charge on the 777X program and a tax valuation allowance, partially offset by a lower 737 MAX customer considerations charge. Boeing recorded operati...

Boeing Company - Final Results Fourth Quarter 2020 777X program recorded $6.5 billion pre-tax charge; first delivery expected in late 2023 737 MAX began receiving regulatory approval to resume operations and restarted deliveries Revenue of $15.3 billion, GAAP loss per share of ($14.65) and core (non-GAAP)* loss per share of ($15.25) Full-Year 2020 Revenue of $58.2 billion, GAAP loss per share of ($20.88) and core (non-GAAP)* loss per share of ($23.25) Operating cash flow of ($18.4) billion; cash and marketable securities of $25.6 billion Total backlog of $363 billion, including more than 4,00...

The Deadly Alphabet Soup That Is India's Defence Acquisition Procedure Service officers and defence ministry officials concede that the ‘alphabetic morse code’ that comprises communications with vendors pose a ‘formidable comprehensible’ challenge even to themselves. Representative image of government files. Photo: Indi Samarajiva/Flickr CC BY 2.0 Security19/Jan/2021 Every day we are assaulted by a miasma of bewildering acronyms and abbreviations in official documents, newspapers and on television, all guaranteed to drown millions of us in thick alphabet soup. But this ...

Text Size: A+ On 13 January 2021, the Cabinet Committee on Security finally cleared the long-pending acquisition of 73 improved Tejas Light Combat Aircraft Mk.1A fighters along with ten LCA Mk.1 trainers. This Rs 45,696 crore (US$ 6.25 billion) programme marks a rare high point for the beleaguered thirty-year programme, which has suffered through significant development and production delays, and seen no new orders since the Indian Air Force committed to inducting forty aircraft back in 2005. The LCA Mk.1A variant dates back to 2015, when the IAF, unhappy with the state of the programme...

The Pentagon wants to make it so by 2025. What You Should Know: The F-35 is the world's most expensive defense program ever. With time and experience can some of the costs come down?  In addition to being one of the most expensive military hardware platforms ever developed, the Lockheed Martin F-35 Lightning II Joint Strike Fighter is also extremely expensive to operate. A year ago it was estimated that the fifth-generation advanced stealth aircraft cost around $44,000 an hour to fly—or put another way $44 million to fly 1,000 hours. That could be $352 million over the 8,000-hour lifespa...