:

Business/Financial

Defense A Bright Spot As Commercial Woes Pummel Boeing

By Cal Biesecker

Wednesday, January 27th, 2021

SHARE:

Defense A Bright Spot As Commercial Woes Pummel Boeing

A KC-46A tanker takes off from Boeing Field outside Seattle en route to McConnell Air Force Base, Kansas, Jan. 31, 2019. The program suffered $275 million in charges in the fourth quarter of 2020. Photo: Boeing

Boeing [BA] on Wednesday posted dramatically wider losses in its fourth quarter and full year on a bevy of charges, mainly related to its commercial aircraft programs, but the defense segment partially offset declines elsewhere. Most of the approximately $8 billion in charges stemmed from the 777X widebody passenger aircraft program, which took a $6.5 billion hit due to changes to market demand and timing of deliveries, changes in production rates and initial accounting quantities, and delays due to design…

Missile Defense

Guetlein On Golden Dome: ‘We Cannot Protect This Nation And Bankrupt It At The Same Time’

While there has been criticism among missile defense advocates of Golden Dome’s development pace after the signing of an executive order in January last year, Space Force Gen. Michael Guetlein, […]

Missile Defense

Interview with Rep. Jeff Crank (R-Colo.), co-chair of the Golden Dome Caucus

Rep. Jeff Crank (R-Colo.), a co-chair of the Golden Dome Caucus in Congress and a member of the House Armed Services Committee’s strategic forces panel, discusses the transformative defense investments […]

Space

Space Force PAE For Infrastructure Completing Move To Colorado Springs

U.S. Space Force Space Systems Command’s (SSC) Portfolio Acquisition Executive (PAE) for infrastructure–a $4 billion contracting hub for SSC–is completing a move from Los Angeles Air Force Base, Calif. to […]

Congress

Wisconsin GOP Lawmakers Urge Trump Admin Support For Marines’ JLTV Second Supplier Effort

Wisconsin’s GOP congressional delegation is urging the Trump administration to support legislative language enabling the Marine Corps to potentially bring in a second Joint Light Tactical Vehicle (JLTV) supplier. The […]