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Old 1st May 2020, 10:43
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Lyneham Lad
 
Join Date: Jul 2002
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On Flight Global:-
Boeing KC-46A refuelling boom camera redesign to cost $551 million

Article intro:-
It will cost Boeing $551 million to redesign the boom camera on the KC-46A Pegasus in-flight refuelling tanker.

In total, the aerospace company took a pre-tax charge of $827 million for the KC-46A tanker in the first quarter of 2020, it says in an earnings call on 29 April. In addition to the boom camera redesign, the programme lost money because of “productivity inefficiencies” and coronavirus-caused shutdowns of Boeing’s Puget Sound factories where the KC-46A is made, the company says.

Total losses on the KC-46A programme have now risen to about $4.6 billion.

The tanker charge caused Boeing’s Defense, Space & Security business to lose $191 million from operations in the first quarter of 2020. In the first quarter of 2019, the company earned $852 million from operations.
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