VC-25B issues helped drag down Boeing defense margins in third quarter

By Dan Schere / October 25, 2023 at 2:04 PM
Continuing issues with the VC-25B, the eventual replacement for presidential escort aircraft Air Force One, were contributing factors to negative margins in Boeing’s defense sector for the third quarter of 2023, company executives noted during an earnings call Wednesday. The VC-25B has been delayed by more than two years , according to the Government Accountability Office’s Weapon Systems Annual Assessment. Among the contributing factors have been a new supplier for interior subsystem work, design errors, workforce challenges and “stress-corrosion cracks”...

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