Boeing takes $827 million in new KC-46 charges, bringing total cost growth to $4.6B

By Courtney Albon / April 29, 2020 at 8:46 AM
Boeing announced today it incurred an $827 million pre-tax KC-46 tanker charge in the first quarter of 2020, due to costs associated with its agreement with the Air Force earlier this month on a remote visual system design and “productivity inefficiencies” due to COVID-19 factory disruptions. The new charge pushes the company's total KC-46 cost growth to about $4.6 billion, bringing Boeing's additional incurred cost close to the value of the program's $4.9 billion fixed-price contract. In a statement released...

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