DefenseNews

Strike, fixed-price contracts leave Boeing defense bleeding cash

October 24, 2024
Boeing has lost billions of dollars on the fixed-price KC-46 program, and a nearly six-week machinist strike has heightened the refueling tanker’s problems. (Airman Lauren Torres/Air Force) Boeing’s ongoing problems with a crippling machinist strike and costly fixed-price development contracts left the company — and especially its defense sector — hemorrhaging cash in the third…
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DefenseNews

Boeing names aerospace veteran Kelly Ortberg as new CEO

August 1, 2024
Boeing named a longtime aerospace industry veteran on Wednesday as its next chief executive, who will take over a company that has been rocked by legal, regulatory and production problems. Robert “Kelly” Ortberg, a former CEO at Boeing supplier Rockwell Collins, will…
DefenseNews

Boeing wins $7.5 billion contract from US Air Force for guided bombs

May 29, 2024
The Air Force awarded Boeing a contract worth nearly $7.5 billion to build more kits to convert bombs into guided weapons known as Joint Direct Attack Munitions. The company will provide JDAM tail kits and other supplies under the sole-source fixed-price, indefinite delivery/indefinite quantity contract, the Pentagon said Friday. The company will work on the kits, as well as spares, repairs…
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DefenseNews

Key milestone for new Boeing trainer aircraft delayed to 2027

May 1, 2023
WASHINGTON — Boeing’s T-7A jet trainer aircraft is not expected to reach initial operational capability until spring 2027, three years later than originally planned, the Air Force said. The Air Force’s next jet trainer has struggled with problems such as a potentially…