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Business/Financial

Defense Weighs On Boeing’s Second Quarter Results

By Cal Biesecker

Wednesday, July 27th, 2022

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Defense Weighs On Boeing’s Second Quarter Results

Boeing MQ-25. Photo courtesy of Boeing Defense.

Boeing [BA] on Wednesday reported another quarter of lackluster results that included another series of charges in its defense segment, although losses in its commercial aircraft business narrowed and the company continues to expect a return to positive free cash flow this year. The company logged about $400 million in charges in the second quarter on fixed-price development contracts in the Defense, Space & Security segment, led by a $147 hit to the MQ-25 unmanned aerial refueling aircraft on higher…

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