Published on 31 May 2016
Boeing shares are falling Monday after the announcement late last week that the company will delay delivery of new KC-46 tankers to the U.S. military. Boeing was supposed to deliver 18 KC-46 tankers by August 2017, but now that won't happen until early 2018. Analysts say the announcement was a surprise since Boeing seemed confident about its ability to deliver just three weeks ago at its annual investor day. The $40 billion program is already more than $1 billion over budget, according to analysts at Canaccord Genuity, which have a hold rating on the stock.
#USNavy has begun air refueling tests for #Boeing P-8A aircraft. First contact: #USAF tanker. pic.twitter.com/Z1CBqtNZv0— Boeing Defense (@BoeingDefense) May 4, 2016