Get access to our best features

Boeing posts $3.3B loss on costs tied to defense programs

Summary by Ground News
Boeing reported a nearly $3.3 billion loss in the third quarter of 2022. The defense, space and security sector reported $2.8 billion in quarterly losses. The KC-46 tanker program has been a persistent drain on Boeing's finances. The company is now facing aNearly $4.4 billion loss so far this year.
Published 3 months ago · Arlington, United States

News Articles

More Filters
All
Left
Center
Right

Boeing takes $2.8 bln hit in defense business, keeps cash flow goal

Cost overruns in Boeing's defense, space and security segment have hobbled a recovery for the company attempting to come out of successive crises by cashing in on an upsurge in air travel demand after two years of COVID-related curbs. Both Boeing and its European rival Airbus SE have ramped up production of narrowbody jets, with Boeing delivering 112 jets in the third quarter compared to 85 jets last year.

3 months ago·Mumbai, India
Read Full Article

Boeing records loss of $2.8 billion in defense sector and maintains full-year surplus target

[26th Reuters] - US aircraft giant Boeing recorded a loss of 28 billion dollars on the 26th in the defense, space, and security sector, which has fallen into poor performance. Losses related to the presidential aircraft “Air Force One” and the refueling tanker business were recorded. Boeing is also struggling to increase production of jet airliners due to labor shortages and supply restrictions, but left the surplus forecast for the full year 20…

3 months ago·United Kingdom
Read Full Article

Boeing posts $3.3B loss on costs tied to defense programs

Boeing reported a $3.3 billion loss for the third quarter Wednesday, as revenue fell short of expectations, it took a huge losses for fixed-cost defense programs and its commercial-airplane business

3 months ago·United States
Read Full Article

Boeing posts $3.3B loss on costs tied to defense programs

Boeing is reporting a $3.3 billion loss for the third quarter because of higher costs related to several government programs including building new Air Force One presidential planes

3 months ago·United States
Read Full Article

Boeing reports unexpected loss after taking hits from Air Force One, Starliner programs

Boeing reported an unexpected loss in the third quarter Wednesday after taking a massive $2.8 billion charge related to its high profile defense and space businesses, including completing the new versions of Air Force One and its much delayed Starliner space capsule.

3 months ago·Atlanta, United States
Read Full Article

Boeing posts £2.9bn loss on costs tied to defence programmes

Boeing reported a surprising 3.3 billion US dollar (£2.9 billion) loss for the third quarter on Wednesday, as revenue fell short of expectations and it took huge losses for fixed-cost government programmes including new Air Force One presidential jets.

3 months ago·Ireland
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

55% of the sources are Center
CNN
Associated Press News
abc News
Irish Examiner
The Seattle Times
U.S. News
Reuters
IBTimes
CNBC
KRDO
WION
Click on Detroit
+12
Times of India
Independent.ie
Business Standard
Al Arabiya
Wall Street Journal
Komo News
+1
OAN
The Epoch Times
L 19%
C 55%
R 26%
See less detail