Daily Market Updates: Boeing books larger-than-expected Q2 loss tied to Air Force One costs

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Boeing books larger-than-expected Q2 loss tied to Air Force One costs

Boeing recorded a $280 million charge related to its long-delayed Air Force One program.

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Boeing reported a larger-than-expected quarterly loss, with the result linked to costs tied to its long-delayed Air Force One program, according to CNBC Markets.

CNBC Earnings reports that Boeing took a $280 million charge as part of the accounting tied to the program.

Yahoo Finance similarly noted that Boeing’s second-quarter loss came in above expectations as Air Force One costs rose.

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Sources

CNBC MarketsBoeing posts bigger loss than expected as Air Force One costs weigh on results

Yahoo FinanceBoeing posts larger-than-expected Q2 loss as Air Force One costs rise

CNBC WorldBoeing posts bigger loss than expected as Air Force One costs weigh on results

CNBC EarningsBoeing posts bigger loss than expected as Air Force One costs weigh on results

Earnings

Boeing books larger-than-expected Q2 loss tied to Air Force One costs

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