Boeing is "wrestling through" its fixed-price defense and space contracts and expects to begin turning an operating profit in its defense business in 2025, CEO David Calhoun said Wednesday. Quarterly charges have declined over the past 18 months, Calhoun said during the company’s second-quarter earnings call, as Boeing continues to stabilize its defense and space business. Several fixed-price contracts signed before the pandemic disruptions -- such as the KC-46 Pegasus tanker and T-7A Red Hawk trainer -- have led to...
