Boeing Reports Loss as Air Force One Work Drags : vimarsana.

Boeing Reports Loss as Air Force One Work Drags


By Doug Cameron
Boeing Co. said its work on replacing the Air Force One presidential jets is behind schedule, taking another charge on the loss-making program that has added to the financial pressures from the stuttering recovery of its commercial airliner business.
The aerospace giant is contracted to deliver two converted 747-8 jumbo jets by the end of 2024, but has been forced to switch suppliers for some of the interior work on the planes. It took a $318 million pretax charge on the project in the latest quarter, the second in a year and the latest drag from a defense unit that it is relying on to carry it through to a recovery in commercial airline traffic.

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