Boeing logs further losses for fixed-price defense contracts

By Michael Marrow / July 27, 2022 at 12:42 PM
Boeing suffered further losses on several fixed-price defense contracts, with the largest charge for the company stemming from deliveries of the MQ-25 Stingray air refueling drone, the company announced in its second-quarter earnings call today. The Stingray logged $147 million in charges due to “higher costs to meet certain technical requirements,” Boeing reported in its Q2 earnings summary , which showed a decrease in defense revenues to $6.2 billion from $6.9 billion and a unit operating margin that fell to...

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