A new 22nd Air Refueling Wing KC-46A Pegasus lands Dec. 20, 2019, at McConnell Air Force Base, Kansas. (Airman 1st Class Alexi Bosarge/U.S. Air Force)
WASHINGTON — Boeing reported another $67 million charge on the KC-46 tanker program in third-quarter earnings disclosed Oct. 28, capping off a difficult quarter defined by continued hardships on its commercial side.
The increase in KC-46 costs was “due to continued COVID-19 disruptions and productivity inefficiencies,” Boeing’s chief financial officer, Greg Smith, told investors during an earnings call.
However, Boeing CEO Dave Calhoun expressed confidence that the program would turn the corner in 2021 and become profitable for the company.
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WNU Editor: The Boeing CEO says there's reason for hope?!?!?!? Cough cough. Hope is not a strategy.
3 comments:
Boeing appears to have had it too good for too long. The corporate name should be changed to bloated?
I would like to see the parameters it is supposed to meet.
They are not stealth and not supersonic speed. Nonetheless, the parameters could be quite a stretch.
The parameters were known when they said we'll take the contract.
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