Sign In
Search
Business/Financial

737 MAX Woes Lead Boeing To Record $4.9 Billion Charge, Hit To Sales

Cal Biesecker By
SHARE:
737 MAX Woes Lead Boeing To Record $4.9 Billion Charge, Hit To Sales
Boeing President and CEO Dennis Muilenburg. Photo: Boeing

Problems related to the ongoing grounding of airlines’ fleets of Boeing’s [BA] 737 MAX passenger airplanes led the company on Thursday to announce it will take a $4.9 billion after-tax charge in its second quarter financial results, which will be released on July 24. The charge will chop $8.74 earnings per share from the bottom line results, Boeing said. The company also said the charge will result in a $5.6 billion reduction in sales in the quarter. The charge assumes…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

Apex Raises $200 Million To Boost Hiring And Vertical Integration

Business/Financial

Pentagon Loaning $500 Million To Rare Earth Element Processing Company For Expansion

Business/Financial

Bullfrog Counter-Drone Developer Allen Control Systems Raises $200 Million

Business/Financial

Kongsberg Completes Acquisition Of Zone 5 Technologies

Trending

Trump Leverages Defense Production Act To Boost Munitions Collaboration Within Industry
Space Force Looking Into Architecture For Epoch 3 And Epoch 4
More Than 20 Companies In The Running For CCA, Increment 2, Air Force Says
Proposed Elimination of SDA And Space RCO Faces Opposition
Defense Watch: FORGE, Cloud Contract, Another Super Hornet Lost, AFC/TRADOC Merger Name, TOC-L Protest

Congress Updates

Congress

SASC Cites Concern With Army’s sUAS Approach, Seeks Info On Plans To Scale Fielding

Senate defense authorizers are seeking more info from the Army on its plans for scaling and deploying small drone capabilities citing concern with the service’s current “fragmented and insufficient” approach. […]

Navy/USMC

SASC Bill Would Raise Amphib Requirement To 33 Ships

The Senate Armed Services Committee’s (SASC) fiscal year 2027 defense policy bill adds new provisions that would raise the Navy and Marine Corps’ minimum requirement for amphibious warships and extend […]

Army

Army Plans To Initiate ISV-Heavy Competition Later This Year, Official Says

The Army is planning to initiate its competition to build the Infantry Squad Vehicle (ISV)-Heavy in the fourth quarter of this year, a senior acquisition official has said.  Jesse Tolleson, […]

Navy/USMC

Senate Authorization Bill Restricts Building Navy Warships Overseas With Limited Exception For Auxiliaries

The Senate Armed Services Committee’s (SASC) version of the FY 2027 defense policy bill looks to cut the ability for the Trump administration to buy foreign-made warships, but still allow […]

The Force Multipliers

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Job Feed

Post a Job // Post a Resume