By Investiong.com — Boeing reported Friday a third-quarter preliminary loss as the aircraft maker is set to take a financial hit from write downs in its commercial airplanes and defense, space & security businesses amid certification delays and production disruptions.
Boeing Co (NYSE:BA) fell more than 1% in afterhours trading Friday following the report.
The company said it expected to report a Q3 loss of $9.97 on revenue of $17.8 billion.
The company’s commercial airplanes unit expects to recognize pre-tax earnings charges of $3.0B on the 777X and 767 programs. First delivery of the 777-9 in 2026 and the 777-8 freighter is now expected in 2028, resulting in a pre-tax earnings charge of $2.6B.
The defense, space & security business is expected to suffer pre-tax earnings charges of $2.0 billion on the T-7A, KC-46A, Commercial Crew, and MQ-25 programs, the company said.