Boeing set for KC-46 air tanker boost

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

In a decision that could reverse what has been a steady stream of financial losses related to the KC-46 program, the U.S. Air Force is set to announce that it will accept delivery of the long-delayed air tanker, Reuters reports.

The delays and fixes for the program has been costly for Boeing (BA), which recorded $176M in additional charges on the KC-46 in Q3. This brought the total pre-tax cost of the program to more than $3B.

The Air Force plans to buy a total of 179 of the air tankers, and could receive them at a pace of about three jets per month to McConnell Air Force base in Kansas.

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