Aerospace Group:

Supply Chain Issue On KC-46A Will Lead To New Charge, Boeing CFO Says

By Cal Biesecker

Wednesday, March 22nd, 2023

SHARE:

Supply Chain Issue On KC-46A Will Lead To New Charge, Boeing CFO Says

A KC-46 Pegasus from the 97th Air Mobility Wing, assigned to the 56th Air Refueling Squadron, Altus AFB, Okla. refuels an F-16 from the 49th Wing, 54th Fighter Group, Holloman AFB, N.M., on December 7, 2020 (U.S. Air Force Photo)

A new supplier issue related to the center fuel tank of the Air Force KC-46A aerial refueling aircraft and 767 commercial plane will cause Boeing [BA] to take a charge on the program when it reports first quarter results in April, the company’s chief financial officer (CFO) said on Wednesday. Specifically, it’s a “supplier quality issue” that will lead to negative margins at Boeing’s Defense, Space and Security segment in the quarter, Brian West said at the Bank of America…

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 […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]

Congress

Counter-Drone Flyaway Kit Used In U.S. In Early Hours Of Iran Strikes, NORTHCOM Head Says

U.S. Northern Command (NORTHCOM) used a counter small unmanned aircraft system (sUAS) flyaway kit (FAK) in the early hours of the strikes against Iran on Feb. 28, according to Air […]