The California suspension is a significant blow to General Motors and its ambitious goals for Cruise.
Boeing said production and deliveries of 737s will be slowed as it does inspections and additional work to fix a pressure-sealing section of the planes.FILE - Boeing 737 Max airplanes sit parked in a storage lot, Monday, April 26, 2021, near Boeing Field in Seattle.The aircraft maker lowered its forecast of 737 Max production to between 375 and 400 planes this year, down from a previous estimate of 400 to 450.
Boeing reported a $482 million loss in the quarter on a contract with the Air Force to build two new presidential jets because of higher estimated manufacturing costs. The company also lost $315 million on a satellite contract. Analysts expected the company to lose $3.18 per share on revenue of $18.01 billion, according to a FactSet survey of analysts.
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Boeing Loses $1.6B on Fewer Jets, Air Force One CostsBoeing reported a $1.64 billion loss for the third quarter Wednesday as it delivered fewer copies of its best-selling plane and sunk more money into building two new Air Force One presidential jets.
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Boeing loses $1.6 billion on fewer deliveries of airliners and higher costs for Air Force OneBoeing reported a $1.64 billion loss for the third quarter as it delivered fewer of its best-selling but problem-plagued 737 Max airliner.
Read more »
Boeing loses $1.6 billion on fewer deliveries of airliners and higher costs for Air Force One jetsBoeing is reporting a loss of $1.64 billion in the third quarter.
Read more »
Boeing loses $1.6 billion on fewer deliveries of airliners and higher costs for Air Force One jetsBoeing is reporting a loss of $1.64 billion in the third quarter.
Read more »
Boeing loses $1.6 billion on fewer deliveries of airliners and higher costs for Air Force One jetsBoeing is reporting a loss of $1.64 billion in the third quarter. The company said Wednesday it delivered fewer planes than a year ago, especially its best-seller, the 737 Max. Boeing is lowering its forecast of 737 production for this year. And Boeing is reporting another loss on its contract with the Air Force to build two new presidential jets.
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Boeing loses $1.6 billion on fewer deliveries of airliners and higher costs for Air Force One jetsBoeing reported a $1.64 billion loss for the third quarter on Wednesday as it delivered fewer copies of its best-selling plane and sunk more money into building two new Air Force One presidential jets.
Read more »