https://www.defensenews.com/industry...the-air-force/
Boeing’s cost overruns on KC-46 now exceed initial contract with US Air Force
WASHINGTON — With the Jan. 27 announcement of
a new $275 million charge on the KC-46, Boeing has now paid as much in cost overruns for
the troubled program as the U.S. Air Force invested in the tanker’s development.
The new charge, which the company reported as part of fourth-quarter 2020 earnings, means Boeing has now paid more than $5.0 billion out of pocket to pay for the myriad technical problems and production issues that have cropped up since the company won the program in 2011.
Under the firm, fixed-price contract signed then, Boeing is responsible for paying for any costs in excess of the contract’s $4.9 billion ceiling.......