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Six weeks into the brand new fiscal yr, Boeing has but to ship any of the 15 KC-46 tankers it owes the service by subsequent September.
Service officers didn’t say after they count on the deliveries, which had been disrupted by a not too long ago concluded seven-week strike, however stated they count on the corporate to hew to its contract.
To date, “no KC-46s have been delivered in FY 25,” an Air Pressure spokesperson stated.
The ultimate tanker of fiscal 2024 was delivered on Sept. 27, accomplished check-outs, and was ferried to an operational unit on Oct. 4, the spokesperson stated.
Tanker manufacturing was stalled when hundreds of Boeing employees went on strike in September. After weeks of negotiations, union employees voted on Monday to finish the strike, clearing the corporate to restart plane manufacturing on traces that construct commercially derived army plane such because the 767-based tanker and the Navy’s 737-based P-8 maritime plane. Some workers might resume work as early as this week, however the firm stated manufacturing may not restart for weeks.
The strike hit Boeing’s funds within the third quarter and contributed to $6 billion in losses, together with $2 billion on the protection aspect.
A Boeing spokesperson, requested in regards to the firm’s timeline to restart manufacturing and deliveries of KC-46s, stated, “We’ll have extra to share within the coming days.”
As Air Pressure items look ahead to tankers to reach, service officers stated this week that they might lengthen the KC-46 program two years past preliminary projections, to 2031, after repeated pauses on deliveries. Schedules have additionally slipped for a number of key fixes for the tanker, which has been plagued with improvement issues. These issues have already brought on the corporate to lose greater than $8 billion on this system, and new challenges with the tanker are nonetheless popping up.
It’s unclear when Boeing’s fixed-price contracts will begin to herald earnings, however within the meantime, the corporate has stated it should attempt to enhance its numbers by “doing much less” and reducing non-core protection packages, probably its house enterprise.
“I feel that we’re higher off doing much less and doing it higher than doing extra and never doing it nicely, so we’re within the means of taking an analysis of the portfolio,” Boeing CEO Kelly Ortberg advised traders in October.
The corporate additionally introduced in October that it could reduce 10 % of its workforce, roughly 17,000 individuals, as a way to “place” itself for the long run.
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