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Sunday, June 26, 2011

Boeing Projects About $300 Million Overrun on Tanker Contract

KC-767 (KC-46) Tanker AircraftBoeing Co. is projected to exceed its cost ceiling by as much as $300 million -- about 6 percent - - on the initial contract to develop and build U.S. Air Force aerial refueling tankers, according to government officials.

Air Force officials this month briefed congressional defense committees and Pentagon officials on the projected increase on what’s now a $4.9 billion engineering, manufacturing and development contract that includes four tanker aircraft. The contract calls for 14 more tankers to be delivered by September 30, 2017.

The $300 million projection was obtained by Bloomberg News from government officials who spoke on condition of anonymity because they weren’t authorized to comment publicly.

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