Sign In
Search
Business/Financial

MAX Woes Send Boeing To $1 Billion Loss In Fourth Quarter; Defense Suffers From Starliner Setback

Cal Biesecker By
SHARE:
MAX Woes Send Boeing To $1 Billion Loss In Fourth Quarter; Defense Suffers From Starliner Setback
Boeing President and CEO David Calhoun. Photo: Boeing

As expected, Boeing [BA] on Wednesday announced dismal fourth quarter financial results due to massive charges and additional costs related to the 737 MAX commercial aircraft, leading to losses in the quarter and for 2019, and the company’s defense and services segments also fared poorly with lower sales and various charges. Boeing swung to a $1 billion loss, negative $1.79 for earnings per share (EPS), in the quarter from $3.4 billion ($5.93 EPS) in net income a year ago, largely…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

Lockheed Martin To Acquire ASW Technology Developer Ultra Maritime For $3.5 Billion

Business/Financial

Honeywell Aerospace Begins Trading On Nasdaq

Business/Financial

Private Equity Firm Arcline Investment To Acquire Avantus Aerospace Group

Business/Financial

MARTAC Partners With Intrepid Powerboats To Build Hundreds Of USVs

Trending

USAF Solicits Rapid Prototyping Of Supersonic, Ground Launched Counter Air Missile
Lockheed Martin To Acquire ASW Technology Developer Ultra Maritime For $3.5 Billion
Army Awards $3 Billion Deal To Lockheed For Sentinel A4 Radar Production
Space Force Command Operationally Accepts Satellite Jammer
Duffey: F-47 “At the Cutting Edge of Technology” and Government, Industry Collaboration

Congress Updates

Congress

House Heads For Recess Without Moving On NDAA After Procedural Vote Fails

The House will leave for the Fourth of July recess without moving forward on its $1.15 trillion fiscal year 2027 National Defense Authorization Act (NDAA), with a procedural vote to […]

Congress

Bipartisan Group Of House Members Introduce U.S.-Ukrainian Co-Production Bill For Unmanned Systems

A bipartisan group of six House legislators have introduced the Strategic Unmanned Systems Partnership Act–a bill to improve drone collaboration between the U.S. and Ukraine. Rep. Michael McCaul (R-Texas), the […]

Space

Will $4 Billion For SB-AMTI/Space Data Network Backbone In Supplemental Reduce Or Add To Planned Funding For Systems In Reconciliation?

Nearly all of the Department of the Air Force’s fiscal 2027 procurement and research and development (R&D) budget for space-based air moving target indication (SB-AMTI) and the Space Data Network […]

Congress

House Appropriators ‘Concerned’ With JLTV A2 Delays, Shift Funds For Marines’ Second Supplier Effort

House appropriators have said they’re “seriously concerned” with Joint Light Tactical Vehicle (JLTV) A2 delays, as their fiscal year 2027 defense spending bill shifts funds to support the Marine Corps’ […]

The Force Multipliers

Force Multipliers

Michael Harrison – SANS Institute

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Job Feed

Post a Job // Post a Resume