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Boeing defense unit reports $139M loss across three major programs
Charges on Boeing's five major defense fixed-price programs also totaled $1.6 billion throughout 2023.
Machinist union votes to approve new Boeing contract, averting strike
The union had objected to proposed changes to employees' 401(k) benefits, and in late July voted to reject the contract offer and strike.
Lockheed’s Sikorsky wins $2.3 billion Army Black Hawk multi-year contract
The Army and Lockheed Martin's Sikorsky have finalized its tenth multi-year contract for the UH-60M Black Hawk helicopter as the service prepares to keep it in the fleet for several more decades as it continues to develop the Future Long-Range Assault Aircraft intended to replace the utility helicopter.
By Jen Judson
House Armed Services chair ‘deeply concerned’ by White House budget delays
The Democratic chairman of the House Armed Services Committee blasted the White House for “dragging their feet” on the federal budget, urging its release by May 10 to avoid a continuing resolution.
By Joe Gould