More KC-46A woes....

[ORAC]

“We lose money on every sale, but make it up on volume”…

Its an old joke, but how many companies have operated over the years - slowly losing money but hoping something will turn up to turn the business around before investors lose interest. (Take Uber as a current example).

Boeing is struggling in the FJ business, paused production of the newer versions of the 777, losing money on the 787, struggling with the 737 Max and threatening to cancel the Max-10*

* https://www.seattletimes.com/busines...congress-acts/

They lost $4.3B last year and another $1.5B in the first quarter of 2022. Their loses on the KC-46 program to date total $5.4B**

** https://www.airforcemag.com/kc-46-lo...illion-charge/

But they’ll bid to build more at the same price… hoping something will happen to turn things round…

https://www.airforcemag.com/boeing-l...-lowball-bids/

“We lose money on every sale….”