Aerospace Group:

Business/Financial

Boeing Workers End Strike; Cash Flow Will Remain Negative Through 2025

By Cal Biesecker

Tuesday, November 5th, 2024

SHARE:

Boeing Workers End Strike; Cash Flow Will Remain Negative Through 2025

A KC-46 Pegasus from the 97th Air Mobility Wing, assigned to the 56th Air Refueling Squadron, Altus AFB, Okla. refuels an F-16 from the 49th Wing, 54th Fighter Group, Holloman AFB, N.M., on December 7, 2020 (U.S. Air Force Photo)

Boeing’s [BA] machinists' union members on Monday voted to end their 53-day strike that shut down production at the company’s commercial aircraft plants in the Pacific Northwest but the company offered no updates on program impacts. During its third quarter earnings call on Oct. 23, Boeing indicated that depending on when the strike ended, free cash outflow in 2025 could be around $14 billion. In the third quarter, free cash flow was negative $2 billion, which brought the cash outflow…

Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]

Budget

Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says

COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]

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 […]