Boeing (BA +1.8%) stands to take a revenue hit with word that the Pentagon plans to cut $1.75B...

|About: The Boeing Company (BA)|By:, SA News Editor

Boeing (BA +1.8%) stands to take a revenue hit with word that the Pentagon plans to cut $1.75B in V-22 Osprey orders over the next five years from its budget. The cuts are part of a broad-based plan to trim $259B from defense spending through 2017.