Air Force Holds Back $336 Million on Flawed Boeing Tanker
- Service is paying out funds gradually as problems resolved
- A new tactic after years of frustration over the plane’s flaws
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The U.S. Air Force has set aside $336 million in development payments for Boeing Co. and is doling out the funds over time as the contractor shows progress in fixing the flawed camera system on its KC-46 tanker plane.
It’s a new tactic after years of frustration at the Pentagon over persistent problems with the $44 billion tanker program that Boeing was awarded in 2011. So far, $135 million of the previously undisclosed set-aside has been released, according to the service.