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Air Force

Boeing Maintains Cash Guidance Despite KC-46 Production Slip

By Cal Biesecker

Thursday, June 2nd, 2016

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Boeing Maintains Cash Guidance Despite KC-46 Production Slip

Boeing and U.S. Air Force crews complete the KC-46A Pegasus tanker’s first refueling flight following takeoff on January 25 from Boeing Field in Seattle. Photo: Boeing.

Boeing’s [BA] chief executive on Thursday said that for now the company is maintaining its outlook for operating cash this year despite an announcement by the Air Force last week that it is deferring a formal production decision on the KC-46 tanker program by two months and that deliveries of the first 18 aircraft will be delayed five months.Boeing guided to about $10 billion in operating cash in 2016 and is “confident” in hitting that number this year, Dennis Muilenburg,…

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