P-8 Poseidon in Seattle Factory. Boeing photo.
In the near term, Boeing’s leadership is counting on its defense programs to provide bottom-line stability as its commercial aircraft business buckles under pressure from COVID-19-related travel restrictions.
Commercial air traffic has all but ground to halt – down 95 percent in the U.S. from where it was a year ago – Dave Calhoun, the chief executive of Boeing, said during a Wednesday conference call with analysts to discuss the company’s...