U.S. Air Force to accept KC-46 air tanker - source

Image
Reuters WASHINGTON
Last Updated : Jan 10 2019 | 10:21 PM IST

WASHINGTON (Reuters) - The U.S. Air Force is set to announce on Thursday that it will accept delivery of the long-delayed KC-46 air tanker, a source familiar with the matter told Reuters.

Delivery means Boeing could now begin to reverse what has been a steady stream of financial losses related to the KC-46 program, and a major public relations headache for the world's largest aircraft maker.

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

The delays and fixes for the program has been costly for Boeing, which recorded $176 million in additional charges on the KC-46 tanker in the third quarter. This brought the total pre-tax cost of the program to more than $3 billion.

Boeing shares were up 0.9 percent premarket at $347.

(Reporting by Susan Heavey; additional reporting by Mike Stone; Writing by Nick Zieminski; Editing by Doina Chiacu and Chizu Nomiyama)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 10 2019 | 10:08 PM IST

Next Story