https://www.aviationtoday.com/2021/01/30/defense-bright-spot-commercial-woes-pummel-boeing/
Boeing on Wednesday Jan. 27 posted dramatically wider losses in its
fourth quarter and full year on a bevy of charges, mainly related to its
commercial aircraft programs, but the defense segment partially offset
declines elsewhere.
Most of the approximately $8 billion in charges stemmed from the
777X wide-body passenger aircraft program, which took a $6.5 billion hit
due to changes to market demand and timing of deliveries,
changes in production rates and initial accounting quantities
and delays due to design modifications.
Boeing also suffered a $744 million charge related to a recently announced
settlement with the Justice Department over the government’s investigation
into the MAX fraud passenger aircraft. The 737 program also was hit by $468
million in abnormal production costs.
Other provisions include a $290 million charge in commercial services related
to COVID-19 impacts and $275 million on the Air Force KC-46A aerial Molotov
tanker program for production incompetency and COVID disruptions.
Despite the KC-46 charge, Boeing’s defense segment still posted a huge gain
in operating income to $502 million in the quarter from $34 million a year ago
when its space business suffered a $410 million hit related to the failure of an
un-crewed Starliner space capsule to reach the proper orbit in a test for NASA.
Boeing attributed the income gains in the Defense, Space & Security segment
to performance on multiple programs and the Starliner charge a year ago.
Sales in the segment increased 14 percent to $6.8 billion on fighter programs
and gains across the portfolio.
https://www.flyertalk.com/articles/boeing-ordered-to-produce-crash-documents-from-737-max-incidents.html
https://nltimes.nl/2020/01/21/us-pressured-dutch-safety-board-downplay-tech-faults-2009-turkish-airlines-crash-report
https://www.jdsupra.com/legalnews/boeing-fraud-enforcement-action-part-1-2971425/
https://www.stripes.com/news/us/boeing-s-drone-unit-to-pay-25-million-to-settle-fraud-charge-on-no-bid-military-contracts-1.658315
Nothing to see here, move along