Boeing's defense unit shows profit, despite $222M loss on KC-46, T-7 [Yahoo! Finance]
Boeing Company (The) (BA)
Last boeing company (the) earnings: 4/29 07:30 am
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Source: Yahoo! Finance
Pegasus refueling tanker and the T-7A Red Hawk trainer , the company announced Wednesday. The KC-46 suffered a loss of $128 million, Chief Financial Officer Brian West told investors in an earnings call, and the T-7's losses amounted to $94 million. In documents submitted to the U.S. Securities and Exchange Commission, the American firm said the KC-46's loss primarily stemmed from factory disruptions caused by supply chain constraints, and the T-7's loss came from higher-than-expected production costs. It marks the second quarter in a row in which Boeing lost money on those programs. In the last quarter of 2023, the company reported $139 million in losses combined on the KC-46, T-7 and MQ-25 Stingray refueling drone. However, those losses were small enough that the company did not have to publicly disclose them. The latest figures bring the KC-46's cumulative losses to at least $7.1 billion. The T-7 program was also slowed by problems with the quality of some jet parts , which
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BA
Earnings
- 4/24/24 - Beat
BA
Sec Filings
- 5/3/24 - Form 8-K
- 5/1/24 - Form PX14A6G
- 4/24/24 - Form PX14A6G
- BA's page on the SEC website