Boeing Defense records major losses, pointing at KC-46A and VC-25B fixed-price contracts

By Shelley K. Mesch / October 26, 2022 at 1:09 PM
Boeing lost $2.8 billion from its Defense, Space and Security business in the third quarter from fixed-price development programs, according to the company's earnings report , because of continuously rising supply chain and manufacturing costs along with "technical challenges." The biggest losses came from the contracts for the KC-46A tanker at $1.2 billion and the VC-25B Air Force One replacement at $766 million, Chief Financial Officer Brian West said in the Wednesday morning earnings call. The MQ-25 drone along with...

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