Boeing Is Haunted By Years Of Aggressive Bidding On Defense Contracts

Boeing Is Haunted By Years Of Aggressive Bidding On Defense Contracts

In the past decade, flush with cash from the 737 and 787, Boeing made a string of lowball bids to win competitions for fixed-price defense contracts. Now those victories are costing it dearly, as mounting losses amid labor and parts shortages are no longer being counterbalanced by airliner profits.