Aerospace Group:

Business/Financial

Boeing Swings To Loss In Second Quarter On Defense, Space And Commercial Programs

By Cal Biesecker

Wednesday, July 26th, 2023

SHARE:

Boeing Swings To Loss In Second Quarter On Defense, Space And Commercial Programs

The T-7A Red Hawk makes its debut EMD flight on June 28th at St. Louis Lambert International Airport (Boeing Photo)

Losses on several defense and space programs combined with a wider loss in the commercial airplane building segment led Boeing [BA] on Wednesday to report a net loss in income despite strong sales growth in the airplane manufacturing and services businesses. The Defense, Space & Security segment had a $527 million operating loss versus $71 million in income a year ago, largely due to a $257 million loss on NASA’s Commercial Crew program, $189 million on the Air Force T-7A…

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]