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Boeing Swings To Loss As Expected On Commercial, Tanker Charges

Rich Abott By
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Boeing [BA] on July 27 reported a net loss in its second quarter as expected stemming from more than $2 billion in charges announced the week of July 18 across several programs while the world’s largest aerospace and defense contractor managed to eke out a small sales gain on the strength of its commercial aircraft business.Sales in the quarter increased a percent to $24.8 billion from $24.5 billion a year ago. Net income swung to a $234 million loss, 37…

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