Posted on May 1, 2022
Boeing CEO regrets Air Force One deal amid big quarterly losses
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Boeing CEO regrets Air Force One deal amid big quarterly losses
By Stephen Losey
Wednesday, Apr 27
A VC-25A Air Force One aircraft sits on a ramp at Offutt Air Force Base, Nebraska during a brief stop Jan. 22. The aircraft is one of two modified Boeing 747 Airliners that serve as a transport aircraft for the President of the United States. (Josh Plueger/Air Force)
WASHINGTON — Boeing reported $1.3 billion in cost overrun charges among some of its major defense programs in its most recent quarter, lowering its defense unit’s sales in what its chief executive called a “messier quarter.”
Much of those charges — a little more than $1 billion — came from development of the new Air Force One and the Air Force’s T-7A Red Hawk trainer, the company said in its quarterly earnings statement Wednesday.
PO1 William "Chip" Nagel Lt Col Charlie Brown SSG Michael Noll Lt Col John (Jack) Christensen Cpl Vic Burk MAJ Dale E. Wilson, Ph.D. SGT Charlie Lee PO2 Marco Monsalve SGT David A. 'Cowboy' Groth ] SSG William Jones Sgt (Join to see) 1SG Dan Capri SGT Steve McFarland SrA John Monette SFC Bernard Walko GySgt Jack Wallace SPC Michael Terrell SMSgt Anil Heendeniya CPL Douglas Chrysler CPL Pat Rasmusson
Boeing CEO regrets Air Force One deal amid big quarterly losses
By Stephen Losey
Wednesday, Apr 27
A VC-25A Air Force One aircraft sits on a ramp at Offutt Air Force Base, Nebraska during a brief stop Jan. 22. The aircraft is one of two modified Boeing 747 Airliners that serve as a transport aircraft for the President of the United States. (Josh Plueger/Air Force)
WASHINGTON — Boeing reported $1.3 billion in cost overrun charges among some of its major defense programs in its most recent quarter, lowering its defense unit’s sales in what its chief executive called a “messier quarter.”
Much of those charges — a little more than $1 billion — came from development of the new Air Force One and the Air Force’s T-7A Red Hawk trainer, the company said in its quarterly earnings statement Wednesday.
PO1 William "Chip" Nagel Lt Col Charlie Brown SSG Michael Noll Lt Col John (Jack) Christensen Cpl Vic Burk MAJ Dale E. Wilson, Ph.D. SGT Charlie Lee PO2 Marco Monsalve SGT David A. 'Cowboy' Groth ] SSG William Jones Sgt (Join to see) 1SG Dan Capri SGT Steve McFarland SrA John Monette SFC Bernard Walko GySgt Jack Wallace SPC Michael Terrell SMSgt Anil Heendeniya CPL Douglas Chrysler CPL Pat Rasmusson
Boeing CEO regrets Air Force One deal amid big quarterly losses
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