• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Boeing reports preliminary Q3 loss on certification delays, production disruptions

by October 11, 2024
written by October 11, 2024

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. 

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Youxin Technology Files for 2M Share IPO at $4.50/sh
next post
Fisker bankruptcy plan approved after deal on vehicle tech support

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • Tesla’s China sales rise to record high in 2024, bucking global decline
    • Stock market today: S&P 500 ends lower, but notches second weekly win

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy