Boeing reports unexpected loss after taking hits from Air Force One, Starliner programs
CNNNew York CNN Business — Boeing reported an unexpected loss in the third quarter Wednesday after taking a massive $2.8 billion charge related to its high profile defense and space businesses, including completing the new versions of Air Force One and its much delayed Starliner space capsule. The company also continued to report losses from its core commercial jet unit, even with increased deliveries lifting revenue for the company in an otherwise disappointing quarter of red ink. The charge resulted in an operating loss of $2.8 billion at the defense and space unit, compared to a $436 million profit it made there last year. The company posted a core operating loss of $3.1 billion, compared to the narrow operating profit of $59 million a year earlier and earnings of $490 million on that basis in the second quarter of this year.
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