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Boeing Swings To Loss As Expected On Commercial, Tanker Charges

Cal Biesecker By
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Boeing Swings To Loss As Expected On Commercial, Tanker Charges
Boeing President and CEO Dennis Muilenburg. Photo: Boeing

Boeing [BA] on Wednesday reported a net loss in its second quarter as expected stemming from more than $2 billion in charges announced last week 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 cents earnings per share…

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