Quartz·1 min read·medium
Boeing posted a bigger-than-expected loss as Air Force One costs weighed on results
✦AI Summary
Boeing reported a larger-than-expected financial loss, largely driven by cost overruns associated with the VC-25B Air Force One program. The company's adjusted loss reached 76 cents per share, exceeding analyst estimates.
The planemaker took a $280 million charge on the VC-25B program, pushing its adjusted loss to 76 cents a share against a 30-cent estimate
businesseconomy
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