In Role Reversal, Boeing’s Defense Programs Prop Up Commercial Business

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...

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