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Boeing posts bigger-than-expected loss tied to Air Force One delay
Boeing delayed delivery of two presidential planes by four years, with related expenses contributing to the loss.
Boeing reported a loss that was larger than expected in the second quarter, with a key driver tied to the troubled Air Force One program, the New York Times Business reported.
The company pushed back delivery of two presidential planes by four years, and the delay along with related expenses weighed on its quarterly results.
Boeing’s timing change for the aircraft is also linked to the company’s reported second-quarter performance, according to the outlet.
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