Boeing posts bigger-than-expected Q2 loss as Air Force One costs rise by $280 million
- (AP Photo)Boeing reported a larger-than-expected second-quarter loss on Tuesday as higher costs linked to the delayed Air Force One replacement programme weighed on its results.
- The US planemaker, however, reported positive free cash flow and maintained its annual guidance as it works to stabilise operations and increase aircraft production.
- Air Force One programme hits Boeing earningsAccording to news agency Reuters, Boeing took a $280 million charge on the Air Force One replacement programme due to higher engineering costs needed to complete two delayed presidential
Unverified
- (AP Photo)Boeing reported a larger-than-expected second-quarter loss on Tuesday as higher costs linked to the delayed Air Force One replacement programme weighed on its results.
- The US planemaker, however, reported positive free cash flow and maintained its annual guidance as it works to stabilise operations and increase aircraft production.
- Air Force One programme hits Boeing earningsAccording to news agency Reuters, Boeing took a $280 million charge on the Air Force One replacement programme due to higher engineering costs needed to complete two delayed presidential
Sources: Times of India