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Business/Financial

Slew Of Charges In Defense Segment Waylay Boeing’s Third Quarter Income

By Cal Biesecker

Wednesday, October 26th, 2022

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Slew Of Charges In Defense Segment Waylay Boeing’s Third Quarter Income

A KC-46 on the flight line at Altus AFB, OKla. in May, 2019 (U.S. Air Force Photo)

Boeing [BA] on Wednesday reported dramatically wider losses in its third quarter primarily driven by difficulties across a number of its defense programs stemming largely from continued supply chain and labor availability woes while losses in its commercial airplane making business narrowed slightly. There was one big bright spot in the company’s results. Free cash flow was $2.9 billion, the first time it was positive in several years and company executives said Boeing remains on track to be free cash…

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