Obama’s proposed defense budget would reduce P-8A program
03/05/2014 11:19 AM
08/08/2014 10:22 AM
The White House’s 2015 budget request appears to cancel or reduce several defense programs, and if approved would mean a reduction in the number of P-8As to the Navy.
That would affect Spirit AeroSystems.
The 2015 fiscal year requested budget cuts the number of Boeing supplied P-8As in half, from an earlier plan of 16 to eight, a reduction of $1.5 billion, according to an analysis by Wells Fargo Securities.
The P-8A patrol aircraft is based on a Boeing commercial 737 platform. Spirit AeroSystems in Wichita builds the plane’s fuselage.
The budget trims funding for the development of Boeing’s KC-46 tanker for the Air Force by $330 million.
In all, Boeing saw a net decrease in funding across its major defense programs of about $2.4 billion, according to the Wells Fargo report.
The budget includes no funding for the Navy’s F/A-18 fighter jet or the E/A-18 electronic attack aircraft.
“Boeing fared reasonably well in the FY2015 budget request, but the end of F/A and EA-18 fighter aircraft is a concern and implies production will end in 2016 absent a change in the production rate,” the Wells Fargo report said.
In the request, the Department of Defense budget totals $496 billion.
Join the Discussion
The Wichita Eagle is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.