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…
