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Taxes Hit Boeing’s Earnings In Third Quarter; New Tanker Charge Disclosed

Cal Biesecker By
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Taxes Hit Boeing’s Earnings In Third Quarter; New Tanker Charge Disclosed
Boeing President and CEO Dennis Muilenburg. Photo: Boeing

Higher tax and pension expenses hit Boeing’s [BA] bottom line in the third quarter and the company said it took another over $300 million in unexpected charges related to its program to manufacture a new aerial refueling aircraft for the U.S. Air Force.The cost growth on the KC-46A tanker is due to changes being incorporated into the early production planes, and was split between the commercial aircraft division, $256 million, and the defense division, $73 million.Dennis Muilenburg, Boeing’s chairman, president…

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