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Business/Financial

Boeing’s Losses Widen In Second Quarter On Defense Charges, Commercial Woes

By Cal Biesecker

Wednesday, July 31st, 2024

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Boeing’s Losses Widen In Second Quarter On Defense Charges, Commercial Woes

The Boeing-built F-15EX achieved initial operational capability with the U.S. Air Force in July 2024. Photo: Boeing

A series of additional charges on four programs in Boeing’s [BA] defense group combined with further losses in the commercial segment led to wider earnings losses in the second quarter and sales also tumbled, the company reported on Wednesday. Losses in the Defense, Space & Security segment expanded to $913 million versus $527 million a year ago due to $1 billion in various charges on four programs, including $391 million on the Air Force’s KC-46A aerial refueling tanker stemming from…

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Congress

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