Boeing May Absorb $400 Million More From Tanker Overruns
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Boeing Co. may be required to absorb more than $700 million and the Air Force another $600 million in overruns if projections of cost increases on the KC-46 tanker program materialize, according to newly released U.S. Air Force figures.
Boeing’s $700 million cost is a combination of a previously reported $300 million and another $432 million the Air Force disclosed today, putting Boeing’s profit from the tanker contract in jeopardy if the contract exceeds its $4.9 billion ceiling.