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US Navy’s UCLASS / CBARS / MQ-XX / MQ-25 Stingray Program

Mark Nankivil

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Good Day All -

I was over at the airport yesterday for the first flight - looong day waiting for things to happen but worth the wait to see it fly.
 

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Mike OTDP

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Just as long as they are nice, dull flights. No excitement. Exciting is very bad in flight test.
 

sferrin

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Hopefully they have better luck than the KC-46, 737MAX, 777-9, CST-100...
 

Grey Havoc

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Desertfox

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Hopefully they have better luck than the KC-46, 737MAX, 777-9, CST-100...
The military side of Boeing seems to be doing a lot better than the civilian side, they should move some execs from one to the other to fix things.
 

bring_it_on

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Hopefully they have better luck than the KC-46, 737MAX, 777-9, CST-100...
The military side of Boeing seems to be doing a lot better than the civilian side, they should move some execs from one to the other to fix things.
Really? On the military side, Boeing is running many programs that can be considered legacy production programs..those seem to be going fine as they are long established programs with little or no risk. They have written down Billions on the KC-46 which was a new program and not just a legacy product for their military side of the business. The lost the JSF, lost the LRS-B, and did not bid on the GBSD and despite having the X-51 under their belt don't appear to be much involved in the surge in Hypersonic programs either. Add their performance on the GBI and one definitely can't paint their military side of the business as whole lot better.
 

Sundog

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Well, they won the T-X, now T-7A, the MQ-25, the Super Hornet Block III upgrade, the F-15EX program and who knows what they're doing on the classified side of the ledger? It seems there was a big shift there once Leanne Caret took over in 2016, for the positive.
 

red admiral

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Well, they won the T-X, now T-7A, the MQ-25, the Super Hornet Block III upgrade, the F-15EX program and who knows what they're doing on the classified side of the ledger? It seems there was a big shift there once Leanne Caret took over in 2016, for the positive.
But aren't they loosing money on T-7A, MQ-25 and KC-46 contracts? Lots of money. It puts them in a good long term position to keep capabilities alive but short term cashflow might hurt them with the pressures on the commercial side at the same time.
 

bring_it_on

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Well, they won the T-X, now T-7A, the MQ-25, the Super Hornet Block III upgrade, the F-15EX program and who knows what they're doing on the classified side of the ledger? It seems there was a big shift there once Leanne Caret took over in 2016, for the positive.
They won the T-7A and it remains to be seen whether they can execute on budget and not have to take charges like they did on the KC-46. Same on the MQ-25. While T-7 was a big win, the MQ-25 is not really that large of a program. They were obviously expected to win the SH Block III effort because no other OEM could upgrade the Rhino given its a Boeing product. As I said, once you peal away the legacy programs the new stuff is either extremely low risk or when there is risk, they end up taking a whole lot of charges and go billions over budget. Who knows what is out there in the unclassified domain. They don't mention a lot of high end unclassified work in their conference call (like Lockheed does) but for all we know that could be going massively wrong as well.

But aren't they loosing money on T-7A, MQ-25 and KC-46 contracts?
Yeah they took a lot of charges on the KC-46 and an extreme amount of risk on the T-7A (not sure about the MQ-25) to a point where they likely will end up taking some sort of short term financial hit in the long term interest of sustained production and sustainment. All this was well and good when the commercial business was booming and they had record commercial backlogs and the problem of not being able to build aircraft fast enough. Now, they are raising debt to finance some of the MAX related issues. Certainly interesting times lie ahead for them financially with NGAD/PCA, FA-XX, and a whole host of other high profile competitions ahead.
 
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