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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…

HASC Bill Funds Second Destroyer, Adds Several Multi-Ship Procurements, Puts Limits On Battleship

The House Armed Services Committee (HASC) chairman’s mark of the fiscal year 2027 defense authorization act, released May 26, largely approved the Navy’s shipbuilding request, but it added funds to […]

Congress

HASC’s FY ‘27 NDAA Adds More Black Hawks, Chinooks For Army, No Plus-Up For Apaches

The House Armed Services Committee’s (HASC) draft of the next defense policy bill supports hundreds of millions dollars for the Army to buy additional Black Hawk and Chinook helicopters in […]

Congress

HASC’s $1.15 Trillion FY ‘27 Draft NDAA Doesn’t Shift Items Over From Reconciliation Request

The House Armed Services Committee (HASC) on Tuesday unveiled its $1.15 trillion draft of the next defense policy bill, aligning with the White House’s requested discretionary topline while not including […]

Budget

DoD’s Equity Stake In L3Harris Rocket Motor Business Comes At Expense Of Other Suppliers, HASC Warns

A draft defense bill released by the House Armed Services Committee (HASC) on Tuesday says the committee is “concerned” with the Defense Department’s $1 billion equity investment this year in […]