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737 MAX Woes Weigh Down Boeing In Third Quarter; Defense Turns A Profit

Cal Biesecker By
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737 MAX Woes Weigh Down Boeing In Third Quarter; Defense Turns A Profit
Boeing President and CEO Dennis Muilenburg. Photo: Boeing

Boeing [BA] on Wednesday reported big drops in sales and earnings in its third quarter as it continues to struggle with the grounding of its 737 MAX passenger plane, which it expects to return to service later this year. The safe return to service of the 737 MAX, which suffered two tragic crashes in the past year, remains the company’s top priority, Dennis Muilenburg, Boeing’s president and CEO, said on the company’s earnings call. The earnings call was dominated by…

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