:

Business/Financial

Boeing Discloses Further Defense Charges In Fourth Quarter; Overall Losses Fall

By Cal Biesecker

Wednesday, January 31st, 2024

SHARE:

Boeing Discloses Further Defense Charges In Fourth Quarter; Overall Losses Fall

Brian West, Boeing's chief financial officer. Photo: Boeing

Boeing [BA] on Wednesday said its defense segment swung to an operating loss in the fourth quarter of 2023 due to additional charges on fixed-price development programs despite strong sales growth in the defense business. The $101 million loss at Boeing Defense, Space & Security contrasted with a $112 million operating profit in the segment a year ago and was driven by $139 million in losses on three fixed-price development programs, unfavorable performance, and a sales mix that favored lower…

Congress

House Sends Dec. 11 CR With Ship Construction Funds To Trump’s Desk For Final Signature

The House on Tuesday passed a stopgap funding bill to keep the government open through Dec. 11, sending the temporary funding measure that also includes funds to support ongoing shipbuilding […]

Missile Defense

Guetlein On Golden Dome: ‘We Cannot Protect This Nation And Bankrupt It At The Same Time’

While there has been criticism among missile defense advocates of Golden Dome’s development pace after the signing of an executive order in January last year, Space Force Gen. Michael Guetlein, […]

Missile Defense

Interview with Rep. Jeff Crank (R-Colo.), co-chair of the Golden Dome Caucus

Rep. Jeff Crank (R-Colo.), a co-chair of the Golden Dome Caucus in Congress and a member of the House Armed Services Committee’s strategic forces panel, discusses the transformative defense investments […]

Space

Space Force PAE For Infrastructure Completing Move To Colorado Springs

U.S. Space Force Space Systems Command’s (SSC) Portfolio Acquisition Executive (PAE) for infrastructure–a $4 billion contracting hub for SSC–is completing a move from Los Angeles Air Force Base, Calif. to […]