February 8, 2019 / 8:24 PM / 2 months ago

Boeing records $2.31 bln reach-forward losses on tanker program over 3 yrs

Feb 8 (Reuters) - Boeing said on Friday it had recorded reach-forward losses of $2.31 billion related to the U.S. Air Force KC-46A tanker program over 2016, 2017 and 2018.

The planemaker said in a filing that in 2018, it had recorded reach-forward losses of $736 mln on the contract, reflecting higher estimated costs related to certification, flight testing and change incorporation on aircraft, among other things.

The U.S. Airforce recently accepted the long-delayed first delivery of the KC-46 tanker jet made by Boeing. The delays and fixes for the program have been costly for Boeing and the company had recorded charges on the tanker program. (Reporting by Divya R in Bengaluru; Editing by Anil D’Silva)

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