Air Force Releases $882 Million to Boeing for Coronavirus Relief

The U.S. Air Force will release $882 million withheld from Boeing Co. over deficiencies in its military tanker program as part of coronavirus relief efforts for the aerospace company, according to an Air Force memo.

Boeing and the Air Force reached agreement Thursday on releasing the money, which had been being withheld on 33 KC-46 refueling tankers delivered to the service that arrived with serious flaws.

“This withhold release is in line with Department of the Air Force and Department of Defense policies to maximize cash flow, where prudent, to combat coronavirus impacts on the industry base,” Ann Stefanek, an ...