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MAX Woes Send Boeing To $1 Billion Loss In Fourth Quarter; Defense Suffers From Starliner Setback

Cal Biesecker By
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MAX Woes Send Boeing To $1 Billion Loss In Fourth Quarter; Defense Suffers From Starliner Setback
Boeing President and CEO David Calhoun. Photo: Boeing

As expected, Boeing [BA] on Wednesday announced dismal fourth quarter financial results due to massive charges and additional costs related to the 737 MAX commercial aircraft, leading to losses in the quarter and for 2019, and the company’s defense and services segments also fared poorly with lower sales and various charges. Boeing swung to a $1 billion loss, negative $1.79 for earnings per share (EPS), in the quarter from $3.4 billion ($5.93 EPS) in net income a year ago, largely…

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