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Business/Financial

Boeing’s Losses Narrow In Third Quarter; Takes Starliner Charge

By Cal Biesecker

Wednesday, October 27th, 2021

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Boeing’s Losses Narrow In Third Quarter; Takes Starliner Charge

Artist's illustration of Boeing's Starliner space crew transportation capsule (left) as part of Commercial Crew. Photo: Boeing.

Boeing [BA] on Tuesday reported higher sales and lower losses in the third quarter due to increased commercial aircraft deliveries and commercial services work. Boeing’s defense segment posted weak results with operating income down significantly due to a $185 million charge related to NASA’s human spaceflight program to transport crews to the International Space Station. Sales in the Defense, Space and Security segment fell 3 percent to $6.6 billion and operating income tumbled 31 percent to $436 million, mostly due…

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