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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

Baldwin Concerned With Army’s JLTV ‘Mismanagement,’ Seeks Support For Marines’ Procurement Plans

Sen. Tammy Baldwin (D-Wis.) has raised concerns with the “Army’s mismanagement” of the Joint Light Tactical Vehicle (JLTV) program, and is seeking assurance that the Marine Corps can be supported […]

Congress

SASC Cites Concern With Army’s sUAS Approach, Seeks Info On Plans To Scale Fielding

Senate defense authorizers are seeking more info from the Army on its plans for scaling and deploying small drone capabilities citing concern with the service’s current “fragmented and insufficient” approach. […]

SASC Bill Would Raise Amphib Requirement To 33 Ships

The Senate Armed Services Committee’s (SASC) fiscal year 2027 defense policy bill adds new provisions that would raise the Navy and Marine Corps’ minimum requirement for amphibious warships and extend […]

Army

Army Plans To Initiate ISV-Heavy Competition Later This Year, Official Says

The Army is planning to initiate its competition to build the Infantry Squad Vehicle (ISV)-Heavy in the fourth quarter of this year, a senior acquisition official has said. Jesse Tolleson, […]