Boeing's defense unit has logged $222 million in losses since January on two major firm fixed-price contracts with the Air Force, the KC-46A and T-7A, Chief Financial Officer Brian West told investors today during a first-quarter earnings call. The KC-46 Pegasus tanker program bled another $128 million while the new T-7 Red Hawk trainer shed $94 million, West said. These firm fixed-price contracts require Boeing to absorb any additional costs when technology development goes over budget and can often cause...
