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Tanker Charge Lowers Second Quarter Earnings At Boeing Despite Surge In Sales

Cal Biesecker By
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Tanker Charge Lowers Second Quarter Earnings At Boeing Despite Surge In Sales
Artist rendering of a KC-46A refueling F-35 fighters. Rendering by Boeing

Boeing [BA] on Wednesday reported lower net income in the second quarter, largely as a result of a charge disclosed last week for an Air Force aerial refueling program, but the results handily beat consensus estimates and the company’s sales were strong due to higher commercial aircraft deliveries.The $536 million after-tax charge for the KC-46 tanker program, which Boeing said last Friday would lop 77 cents per share from the bottom line, also resulted in the company reducing its earnings…

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