Aerospace Group:

Business/Financial

Future Air Force One, T-7A Trainer Hit By $1 Billion In Charges In Boeing’s First Quarter

By Cal Biesecker

Wednesday, April 27th, 2022

SHARE:

Future Air Force One, T-7A Trainer Hit By $1 Billion In Charges In Boeing’s First Quarter

Boeing President and CEO Dave Calhoun. Photo: Boeing

Boeing [BA] on Wednesday said two of its Air Force development programs, the VC-25B presidential transport plane and the T-7A trainer aircraft, suffered more than $1 billion in combined write-offs, adding to the steady drum beat of development challenges the company’s defense business has encountered on various programs. The $660 million hit to the VC-25B program was due to higher supplier costs, higher costs to finalize technical requirements, and schedule delays, Brian West, Boeing’s chief financial officer said during the…

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]