Boeing's Air Force One charges top $2 billion, drag down profits
A $482 million loss on the VC-25B Air Force One program helped sink Boeing's defense sector's profits and lead to a nearly $1 billion quarterly loss.
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A $482 million loss on the VC-25B Air Force One program helped sink Boeing's defense sector's profits and lead to a nearly $1 billion quarterly loss.
ARLINGTON, Va., Oct. 25, 2023 /PRNewswire/ -- Third Quarter 2023 Reaffirm guidance: $4.5-$6.5 billion of operating cash flow and $3.0-$5.0 billion of free cash flow Still expect to deliver 70-80...
A $482 million loss on the VC-25B Air Force One program helped sink Boeing's defense sector's profits and lead to a nearly $1 billion quarterly loss.
Boeing has eaten more than $2.4 billion in losses on the program, according to a company spokesperson.
A $482 million loss on the VC-25B Air Force One program helped sink Boeing's defense sector's profits and lead to a nearly $1 billion quarterly loss.