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

Cal Biesecker By
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Boeing’s Income Dips On Tanker Charge But Delivery Schedule Holds
Boeing President and CEO Dennis Muilenburg. Photo: Boeing

Boeing [BA] on Wednesday posted lower net income in its first quarter due to another charge on the Air Force tanker refueling aircraft program, and the company said the added development monies keep the program on schedule to deliver the first 18 aircraft by August 2017.Boeing has all four KC-46 flight-test tankers flying with more than 500 flying hours to date and has met a number or requirements on the path to a Milestone C production decision that is expected…

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