Aerospace Group:

Business/Financial

Boeing Warns Of Another Loss To End 2024, Including More Defense Charges

By Cal Biesecker

Thursday, January 23rd, 2025

SHARE:

Boeing Warns Of Another Loss To End 2024, Including More Defense Charges

A KC-46A Pegasus takes off during the third annual KC-46 Weapons Systems Council on Nov. 15th at McConnell AFB, Kan. (U.S. Air Force Photo)

Boeing [BA] on Thursday reported preliminary results for its fourth quarter of 2024 with an expected net loss of $5.46 per share and negative cash flow of $3.5 billion due to a union strike and further charges in its defense business. The largest charge, $1.7 billion, is a combined $1.7 billion pre-tax hit to the Air Force’s KC-46A tanker and T-7A jet aircraft trainer, NASA’s Commercial Crew space transport program, the VC-25B Air Force One presidential aircraft program, and the…

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 […]