Boeing Pumps the Brakes on Defense Losses

Boeing pumps the brakes on defense losses

Boeing's defense division turned a profit in the second quarter of this year, the company revealed today, a marked shift after it has consistently taken on significant charges in previous quarters. “Our renewed efforts around baseline and risk management of these programs are producing early results,” CEO Kelly Ortberg told investors in a call to discuss Boeing’s earnings results. “We have a lot of work to get these programs through the developm…

In first time since 2019, Boeing goes half a year without losses on defense programs - Breaking Defense

WASHINGTON — Boeing didn’t book any charges on its fixed-price defense contracts in the first half of 2025, the company announced today, marking the first time since 2019 that the aerospace giant’s defense business hasn’t reported a loss for two consecutive quarters, according to a review of regulatory filings by Breaking Defense. “We have a lot of work to get these programs through the development phase, but I do love the direction we’re headed…