UPDATE – A $2.8 billion charge on fixed-price defense development programs had a significant impact on Boeing’s earnings and revenues, resulting in a $-3.308 billion consolidated net loss in Q3. But despite more aircraft deliveries and higher revenues,...
Boeing’s announcement that it will start remarketing some MAX aircraft that were earmarked for Chinese customers might have surprised a few on Thursday, but the decision has been in the making for some time. Already in its Q2 investor’s call in July, Boeing...
Boeing is “on the verge” of turning the corner on most of its (self-inflicted) problems that have disrupted the OEMs business over the past three years. “While we know we have got more work to do, I would say that the feeling is confident”, Brian West, Chief Financial...
UPDATE – Boeing expects that rework on the 787 and lower production rates to result in $1.0 billion in abnormal costs. Of this, $183 million has been recorded in the third quarter results, the airframer said on October 27 during the Q3 results presentation. 787...
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