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Business/Financial

Boeing Swings To Loss In Second Quarter On Defense, Space And Commercial Programs

By Cal Biesecker

Wednesday, July 26th, 2023

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Boeing Swings To Loss In Second Quarter On Defense, Space And Commercial Programs

The T-7A Red Hawk makes its debut EMD flight on June 28th at St. Louis Lambert International Airport (Boeing Photo)

Losses on several defense and space programs combined with a wider loss in the commercial airplane building segment led Boeing [BA] on Wednesday to report a net loss in income despite strong sales growth in the airplane manufacturing and services businesses. The Defense, Space & Security segment had a $527 million operating loss versus $71 million in income a year ago, largely due to a $257 million loss on NASA’s Commercial Crew program, $189 million on the Air Force T-7A…

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