Boeing [BA] yesterday announced a new flight-test and delivery schedule for its 787 Dreamliner aircraft program but said the initial flight-test planes have no commercial value given an extensive amount of rework to them, resulting in a $2.5 billion pre-tax charge that will be recorded in the third quarter. Boeing said it would update its 2009 financial guidance when it reports third quarter results in October. The company left its guidance intact in June when it first reported yet another…
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Navy Leaders Downplay Looking At Foreign Navy Shipbuilding Amid Lawmaker Objections
The Navy’s top leaders this week seemed to downplay and back down on the service potentially using foreign shipyards to build U.S. Navy ships or buying foreign designed warships overseas […]
Senate Defense Appropriators See ‘Risk’ With Army’s Reconciliation Plan To Fund Munitions Increase
The Senate’s top defense appropriators cited concern this week with the Army’s request to fund the majority of its large increase to munitions procurement in fiscal year 2027 through the […]
Army Relooking At Its ‘Whole Aviation Transformation’ Plan, Acting Chief Tells Lawmakers
The Army is relooking at its “whole aviation transformation initiative,” the service’s acting chief of staff told lawmakers on Tuesday, to include its approach for future procurement of “enduring” platforms. […]
Lawmakers Request DoD Briefing On Army’s Planned Cuts To Aviation Procurement
A bipartisan group of House lawmakers has sent a letter asking the Pentagon for a briefing on the potential industrial base impacts as a result of the Army’s planned cuts […]