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Business/Financial

Muilenburg Touts T-X, MQ-25 As $60 Billion Franchise; Boeing’s Sales, Earnings Up

By Cal Biesecker

Wednesday, October 24th, 2018

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Muilenburg Touts T-X, MQ-25 As $60 Billion Franchise; Boeing’s Sales, Earnings Up

Boeing President and CEO Dennis Muilenburg. Photo: Boeing

Boeing [BA] Chief Dennis Muilenburg on Wednesday said his company’s bids and ultimate wins in the third quarter on two marquis dollar U.S. defense programs were clearly aimed at capturing long-term business worth potentially more than $60 billion for domestic and international customers.Muilenburg said the Air Force’s T-X trainer and Navy’s MQ-25 unmanned aerial refueling tanker demonstrate a “targeted and very deliberate strategy focused on some key defense franchises that we believe have life-cycles that are measured in decades.” He…

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]

Budget

Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says

COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]