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Monday, November 28, 2011

Boeing may exceed aerial tanker cost ceiling by $500 Million

KC-767 (KC-46) Tanker AircraftBoeing is projected to exceed by as much as $500 million the cost ceiling on its contract to develop new refueling tankers for the U.S. Air Force, or about $200 million more than previous estimates, according to the Defense Department.

Chicago-based Boeing, which is developing the KC-46A tanker from its 767 airliner, absorbs 100 percent of any dollars over the contract’s $4.8 billion ceiling.

Government officials in June told Bloomberg News that Boeing was projected to exceed the ceiling by $300 million.

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