This summer saw two aerial refueling tanker-market developments that were predictable yet important. The first was another Boeing loss for its KC-46 development program. The second was another export victory for Airbus’s KC-30. These two events suggest how this market will evolve over the next decade or so. In July, Boeing announced another charge on its KC-46 development program, this time for $835 million (pre-tax) or $536 million (after tax). The total forward loss on this program ...

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