Boeing revamps defense arm as bomber decision looms

Boeing Co. is restructuring the way it designs weapons and other systems for the Pentagon, just as the giant aerospace and defense company finalizes its pitch for what many analysts view as the most important U.S. military contact in 14 years. The company BA, -0.01% is still smarting with problems uncovered last year in building new aerial refueling tankers for the U.S. Air Force that triggered a $425 million pretax charge and could leave it nursing a loss for the initial stage of the program.

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