Air Force will release nearly $900 million in withheld payments to Boeing as coronavirus hits industry

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Boeing to get nearly $900 million in withheld payments from Air Force as coronavirus hits industry

in an effort to mitigate the financial strain of the coronavirus outbreak on the defense contractor.

"When COVID-19 hit obviously things changed for the entire defense industrial base," Dr. Will Roper, assistant secretary of the Air Force for acquisition, technology and logistics, told Pentagon reporters Thursday via teleconference. . And while the Air Force plans to buy 179 tankers, the program has been plagued with a litany of problems, including foreign object debris and issues with the camera system used during the refueling process.

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If the money is owed and the work was done then pay it. But no bailouts. Let them fail. It's time for them to put their big girl panties on and stop sucking on the taxpayer's teet.

I mean shouldn't they be okay with the 737 sales, oh yeah!

Boeing sucks

Terrible , a Big manipulation with Trump , us500 , down Jones , Will up in Asia . He play with the market , but he doesnt care about this people

Wait. I clearly saw where the CEO of Boeing said no to stimulus money if it was in exchange for a gov stake in the company. Is this a MAGA walk back? MAGA GOP TrumpVirus TrumpPandemic coronavirus COVID19 publichealth

Are you curious about what the current pandemic means for the general election? How will social distancing impact Election Day? Will election day be moved? Read The New Center's latest brief to see what’s in the works for November 3rd:

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