Sign In
Search
Business/Financial

Boeing’s Defense Unit Hit With $933 Million In Charges In Third Quarter

Cal Biesecker By
SHARE:
Boeing’s Defense Unit Hit With $933 Million In Charges In Third Quarter
The MQ-25 Stingray test asset, T-1, conducts deck handling maneuvers on Dec. 12, 2021 while underway aboard USS George H.W. Bush (CVN-77), the first testing of the MQ-25 model at sea. (Photo: U.S. Navy)

Boeing [BA] on Wednesday reported third quarter results that included $933 million in charges at the defense business, with work on the new Air Force One aircraft knocking $482 million off the bottom-line. In addition to the VC-25B aircraft program, Boeing posted a $315 million loss on a satellite constellation for an undisclosed customer, and $136 million in other charges, $71 million of which is for the Navy’s MQ-25 unmanned aerial refueling aircraft due to higher-than-expected production costs to complete…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at [email protected] or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

Arlington Capital Launches GRVTY, New Defense Technology Company

Business/Financial

Boeing’s Income Dips On Tanker Charge But Delivery Schedule Holds

Business/Financial

Pension, F-35 Weigh On Lockheed Martin’s Second Quarter Results

Business/Financial

Lockheed Martin Ends Strong 2019 On High Note

Trending

Red Cat Expects LRIP Order Soon For Army’s SRR Small Drone, ‘Aggressive’ Ramp Up In FY ‘26
MDA Seeks New Mobile Golden Dome Radar
Golden Dome Head Outlines Near Term Goals, Space-Based Interceptors, And Undecided Architecture
DoD Acquisition Chief Supports HASC’s Reform Proposal, Lawmakers Urge More Communication
Lockheed Martin Outlines $1.6 Billion In Charges, Including Skunk Works Program

Contract Updates

BAE Systems Space & Mission Systems Inc. (Boulder, Colorado) – $48,000,000

BAE Systems Space & Mission Systems Inc., Boulder, Colorado, was awarded a $48,000,000 firm-fixed-price contract for the study, design, development, enhancement, testing, and procurement of advanced communication-electronics technologies. Bids were solicited via the internet with one received. Work locations and…

Portus Stevedoring LLC (Jacksonville, Florida) – $8,292,583

Portus Stevedoring LLC, Jacksonville, Florida, is awarded a not-to-exceed $8,292,583 firm-fixed-price, indefinite-delivery/indefinite-quantity contract with a five-year ordering period for stevedoring and related terminal services. This contract provides for full range of stevedoring and related terminal services to include the receipt,…

Foster Miller doing business as QinetiQ North America (Waltham, Massachusetts) – $11,310,230

Foster Miller, doing business as QinetiQ North America, Waltham, Massachusetts, is awarded an $11,310,230 firm-fixed-price modification to a previously awarded indefinite-delivery/indefinite-quantity contract (N00174-21-D-0019) to exercise Option Year Four for production, engineering support, and post-production support of the MK 2 Man…

EnergySolutions Services Inc. (Oak Ridge, Tennessee) – $13,336,650

EnergySolutions Services Inc., Oak Ridge, Tennessee, is being awarded a $13,336,650 firm-fixed-price, indefinite-delivery/indefinite-quantity contract action (N42158-25-D-E001) for nuclear services for the processing, recycling and disposal of radiologic materials through disassembly, decontamination, metal melting, compaction, incineration, resin sluicing/dewater, bulk waste assay…

The Force Multipliers

Force Multipliers

Force Multipliers – Fred Taylor

Force Multipliers

Force Multipliers – Adam Maruyama

Force Multipliers

Chris Wilson – Qlik

Force Multipliers

Tim Solms – Slingshot Aerospace

Job Feed

Post a Job // Post a Resume