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

Boeing Posts $3.3 Billion Loss on Costs Tied to Defense Programs

Boeing reported a surprising $3.3 billion loss for the third quarter Wednesday, as revenue fell short of expectations and it took huge losses for fixed-cost government programs including new Air Force One presidential jets. The company blamed higher manufacturing and supply-chain costs for driving the losses in government programs. CEO David Calhoun said Boeing remains in a “challenging environment” and has “more work ahead to drive stability.” …

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 plane

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

By Chris Isidore, CNN BusinessBoeing 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.The company also continued to report losses from its core commercial jet unit, even with increased deliveries lifting revenue for the company in an othe…

Boeing posts loss of USD 3.3 billion on costs tied to defense programs

Boeing has previously posted big losses on those projects, including about $1 billion in charges related to building two new president jets, a deal it struck with then-President Donald Trump.

Boeing reports huge $3.3 billion quarterly loss as Alaska Airlines places its biggest Boeing jet order ever

Boeing CEO Dave Calhoun said the losses were driven by “a rough and tough supply chain world with a lot of pauses, a lot of interruptions.”

Boeing reports $3.3 billion loss in Q3 due to rising defense program costs

Boeing reported a surprise $3.3 billion third-quarter loss Wednesday because of swelling costs on several defense programs due in part to supply chain