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Sunday, January 30, 2011
Boeing accepts charge on new 737 AEW&C problems
Boeing has announced a new setback for the long-delayed plan to deliver fully operational 737 airborne early warning and control system aircraft to Australia and Turkey.
The company's fourth quarter earnings statement included a new charge against earnings valued at $136 million on the AEW&C programme.
Boeing blames the writedown on "additional software development and testing required for acceptance of the Wedgetail aircraft" by the Royal Australian Air Force. The charge also covers the "resolution of issues associated with the test programme" for the Turkish air force's Peace Eagle programme, it adds.
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