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Boeing posts $3.3B loss on costs tied to defense programs

3 years 1 month ago
Boeing reported a surprising $3.3 billion loss for the third quarter Wednesday, as revenue fell short of expectations and it took huge losses for fixed-cost government programs including new Air Force One presidential jets. The company blamed higher manufacturing and supply-chain costs for driving the losses in government programs. CEO David Calhoun said Boeing remains [...]
DAVID KOENIG, Associated Press