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Boeing’s Losses Narrow In Fourth Quarter With Boost From Services And Defense

Cal Biesecker By
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Boeing’s Losses Narrow In Fourth Quarter With Boost From Services And Defense
Brian West, Boeing's chief financial officer. Photo: Boeing

Boeing [BA] on Wednesday reported a smaller net loss in its fourth quarter as losses in its commercial aircraft segment and higher tax expenses more than offset a swing to profit in the defense business and a handsome gain in the services segment. Still, the company generated $3.1 billion in free cash flow, marking the second straight quarter of positive cash flow, which is currently Boeing’s key financial metric. For 2022, free cash flow was $2.3 billion, the first positive…

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