Boeing Won’t Take Charges Over Dispute
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Boeing Co. won’t take any financial charges from the U.S. Air Force’s shift of rocket-launch business to Lockheed Martin Corp., said Jim Albaugh, chief executive of Boeing’s Integrated Defense Systems business.
The launches were worth $600 million out of Boeing’s $27 billion a year in business, he said.
The U.S. Air Force last month stripped seven launches from Chicago-based Boeing’s schedule after some of its employees were found to have proprietary documents from Lockheed Martin while competing against it for a contract.
Boeing is considering whether to remain in the rocket-launch business, Albaugh said.
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