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Charge On 777X Commercial Aircraft Dings Boeing’s Earnings And KC-46 Program

Cal Biesecker By
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Charge On 777X Commercial Aircraft Dings Boeing’s Earnings And KC-46 Program
A New Hampshire Air National Guard KC-46A Pegasus refuels five Marine Corp’s F/A-18D Hornets with the Marine All-Weather Fighter Attack Squadron 242, as the fighters returned home to Marine Corps Air Station Yuma, Ariz. from MCAS Iwakuni, Japan on Sept. 10, 2020, over the Pacific Ocean--the first official transoceanic coronet mission accomplished with a Pegaus refueler. The coronet involved 16 aerial refuelings of the fighters (U.S. Air Force Photo)

Boeing [BA] on Wednesday reported narrower losses in its third quarter despite a hefty charge related to the 777X commercial aircraft, while the company’s defense segment continued to show signs of improvement with strong top and bottom-line gains. A delay in the 777X program that led to the charge rippled through to the Air Force KC-46A aerial refueling tanker, which is based on the 767 commercial airframe. Jay Malave, Boeing’s new chief financial officer, said the tanker program “absorbs additional…

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