:

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…

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, […]

Senate Authorization Bill Restricts Building Navy Warships Overseas With Limited Exception For Auxiliaries

The Senate Armed Services Committee’s (SASC) version of the FY 2027 defense policy bill looks to cut the ability for the Trump administration to buy foreign-made warships, but still allow […]

Army

Army ‘Looking At Options’ For Supporting Munitions Boost Plans If Reconciliation Fails, Official Says

The Army is “looking at options” for how it would support planned boosts to munitions production if Congress doesn’t pass a reconciliation bill with the requested funding, a senior acquisition […]

Build Of At Least 45 MQ-9s By Start Of FY 2029 Required By SASC Bill

Down to an inventory of 135 MQ-9A Reapers due to the loss of two dozen aircraft in strikes on Iran, the Air Force would have to field at least 45 […]