Boeing's $5B 777X Writedown Overshadows Production Recovery
Boeing reports $4.9B charge on delayed 777X jet, now due 2027, but quarterly results improve with stronger 737 MAX deliveries and positive cash flow return.
Boeing reports $4.9B charge on delayed 777X jet, now due 2027, but quarterly results improve with stronger 737 MAX deliveries and positive cash flow return.
Federal regulators are easing restrictions on Boeing, allowing the company to resume certain safety checks and potentially boost 737 MAX production following years of strict oversight imposed after safety crises.
Boeing Defense, Space & Security (BDS) is teaming up with Palantir Technologies to rapidly adopt Artificial Intelligence (AI) across its defense operations and sensitive programs.
Boeing is making major sales. China is about to order up to 500 planes as U.S. trade tensions ease. Separately, Uzbekistan Airways bought 14 huge Dreamliners with options for eight more (worth over $8 billion) to expand its international routes, including to the U.S.
Boeing's new 777X jet is behind schedule for FAA certification, potentially delaying its launch to 2027 and causing major financial impact, despite no new technical issues. Boeing is also working to certify 737 Max 7/10 and carefully increasing 737/787 production.