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Business/Financial

Boeing’s Losses Widen In Second Quarter On Defense Charges, Commercial Woes

By Cal Biesecker

Wednesday, July 31st, 2024

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Boeing’s Losses Widen In Second Quarter On Defense Charges, Commercial Woes

The Boeing-built F-15EX achieved initial operational capability with the U.S. Air Force in July 2024. Photo: Boeing

A series of additional charges on four programs in Boeing’s [BA] defense group combined with further losses in the commercial segment led to wider earnings losses in the second quarter and sales also tumbled, the company reported on Wednesday. Losses in the Defense, Space & Security segment expanded to $913 million versus $527 million a year ago due to $1 billion in various charges on four programs, including $391 million on the Air Force’s KC-46A aerial refueling tanker stemming from…

Congress

Warren And Sheehy Renew Call for “Right to Repair” In NDAA

Sen. Elizabeth Warren (D-Mass.) and Sen. Timothy Sheehy (R-Mont.), two members of the Senate Armed Services Committee (SASC), are renewing their call for “Right to Repair” language in the National […]

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The House Armed Services Committee’s (HASC) fiscal year 2027 defense policy draft bill aims to restrict the Navy’s use of unmanned surface vessels (USV) until it decides on key factors […]

Congress

Gaps In Army’s Tactical Counter-Drone Capabilities Remain Concern Of HASC

A draft defense policy bill released this week says the Army is fielding counter-drone capabilities for defense of fixed sites and maneuver forces but suggests that troops at the lowest […]

Army

HASC Wants Closer Look At Army’s SBMC Program, Cites Avoiding Past IVAS Missteps

The House Armed Services Committee (HASC) wants a closer look at the Army’s Soldier Borne Mission Command (SBMC) effort, citing support for the development program while expressing caution to avoid […]