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Business/Financial

Boeing Warns Of Another Loss To End 2024, Including More Defense Charges

By Cal Biesecker

Thursday, January 23rd, 2025

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Boeing Warns Of Another Loss To End 2024, Including More Defense Charges

A KC-46A Pegasus takes off during the third annual KC-46 Weapons Systems Council on Nov. 15th at McConnell AFB, Kan. (U.S. Air Force Photo)

Boeing [BA] on Thursday reported preliminary results for its fourth quarter of 2024 with an expected net loss of $5.46 per share and negative cash flow of $3.5 billion due to a union strike and further charges in its defense business. The largest charge, $1.7 billion, is a combined $1.7 billion pre-tax hit to the Air Force’s KC-46A tanker and T-7A jet aircraft trainer, NASA’s Commercial Crew space transport program, the VC-25B Air Force One presidential aircraft program, and the…

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