:

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…

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 […]

HASC Looks To Restrict USV Deliveries Without Navy CONOPS And Strategy

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 […]