Boeing [BA] yesterday said it will take an approximately $1 billion pre-tax charge in its third quarter due to higher production costs and difficult market conditions relate to its 747-8 commercial freighter airplane program. Most of the charge, $640 million, is due to the higher estimated production costs. Boeing said that during assembly of the first aircraft it has become clear that the "late maturity of engineering designs" created manufacturing disruptions, which in turn required more resources and higher supplier…
Boeing Plans $1 Billion Charge On Commercial Freighter Program
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