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Boeing reported a $1.64 billion loss for the third quarter of 2023 due to fewer deliveries of its best-selling plane and increased expenses in building two new Air Force One presidential jets. The company has now lost over $2.4 billion on the Air Force One program. Fixed-price contracts and retrofitting delays pose further risks to the delivery of the jets.
BOEING STRUGGLES TO STEER DEFENSE UNIT IN ANOTHER YEAR OF BILLION-DOLLAR LOSSES (Reuters) Boeing's defense business is proving harder to turn around than executives initially predicted, with supplier errors and high manufacturing costs contributing to $1.7 billion in losses this… https://t.co/fV2VMffFrl https://t.co/IYyvJXUFaj
$BA (+0.2% pre) Boeing struggles to steer defense unit in another year of losses - Reuters https://t.co/BP9GBtRWx4
Boeing lost almost half a billion dollars building new Air Force One presidential jets in the third quarter of 2023, as fixed-price contracts continue to hurt the company. Read the story by @audrey_decker9: https://t.co/lllJoGv9tn
Boeing reports another huge loss on Air Force One program https://t.co/lllJoGv9tn
Boeing, $BA, has now lost more than $1 billion on each of the president’s two new jets, per CNN.
Boeing reports another huge loss on Air Force One program | The company has eaten more than $2.4 billion in losses on the program, according to a spokesperson. https://t.co/lllJoGv9tn by @audrey_decker9
BOEING REPORTS ANOTHER HUGE LOSS ON AIR FORCE ONE PROGRAM Boeing lost almost half a billion dollars building new Air Force One presidential jets in the third quarter of 2023, as fixed-price contracts continue to hurt the company. The $482 million loss on the high-profile… https://t.co/0ABdJyqLDx https://t.co/Uolq06fKf7
Boeing reports another huge loss on Air Force One program | by @audrey_decker9 https://t.co/lllJoGv9tn
Boeing loses $1.6 billion on fewer deliveries of airliners and higher costs for Air Force One https://t.co/RoT2shSDGP
Boeing reports massive loss on new Air Force One jets https://t.co/lZYgykTnb7
Boeing Has Now Lost More Than $1 Billion on Each of Air Force One's Two New Jets https://t.co/dcsPLCB3HJ
Crazy stat of the day— Boeing has lost around $2.4 billion developing two new Air Force One planes The airline signed a $3.9 billion deal to retrofit the aircrafts in 2018, and now run the risk of delaying their delivery until 2026 https://t.co/KqCqI5zSsF
Boeing reported a $1.64 billion loss for the third quarter on Wednesday as it delivered fewer copies of its best-selling plane and sunk more money into building two new Air Force One presidential jets. https://t.co/fUagW7ptm8
Boeing reported a $1.64 billion loss for the third quarter on Wednesday as it delivered fewer copies of its best-selling plane and sunk more money into building two new Air Force One presidential jets. https://t.co/keEZMi2T6P
$BA (+3.2% pre) Boeing loses $1.6 billion on fewer deliveries of airliners and higher costs for Air Force One jets https://t.co/OaAIxKGdek