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Business/Financial

Boeing Swings To Loss On Commercial Plane Charges

DDN

Thursday, October 22nd, 2009

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By Calvin Biesecker Boeing [BA] yesterday reported a $1.6 billion net loss in the third quarter due to previously disclosed charges on two commercial aircraft programs including the 787 Dreamliner, which is still on track for first flight later this year. Boeing tallied $3.5 billion in charges on the 787 passenger plane and 747-8 freight plane combined for several reasons, including ongoing development difficulties, higher production costs and market challenges. Additionally, the company spent $138 million in August and September…

Congress

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]

Congress

Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]

Congress

Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

Members of the Senate Armed Services Committee (SASC) raised concerns at a hearing on Tuesday about the majority of funds in the $153 billion first reconciliation bill being unobligated thus […]

Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]