Boeing Took $272M Second-Quarter Hit On KC-46

By Courtney Albon / July 23, 2014 at 5:46 PM
Boeing absorbed a $272 million hit on the KC-46 tanker program in the second quarter of 2014 due to unexpected engineering challenges, company officials reported during a July 23 earnings call. Boeing CEO Jim McNerney and CFO Greg Smith told investors during a second-quarter earnings call that the charge is owed to engineering challenges associated with wiring the first test aircraft, challenges that has previously reported. "That [charge] largely relates to additional engineering and manufacturing labor associated with...

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