What Happened
Defense Turnaround Continues Despite New Cost Overrun
Boeing has detailed a new $280 million cost overrun for its VC-25B program, aimed at converting two aircraft, while maintaining that its defense business is showing signs of improvement. Despite the charge, company executives point to better performance on other key defense programs as evidence of a turnaround. The VC-25B program has faced previous cost overruns and schedule pressures. This update was first reported by Aviation Week.