Boeing's Q3 Revenue Declines Due To Machinist Work Stoppage And Charges, Reports Substantial Backlog

Benzinga 2024-10-23

Views 48

Boeing reported a slight year-over-year revenue decline for the third quarter, falling short of expectations. Boeing cited the machinist work stoppage and charges on commercial and defense programs as contributing factors to the losses. Commercial Airplanes revenue dropped 5%, with deliveries down 10%. The backlog includes over 5,400 airplanes valued at over $420 billion. Boeing's 787 program is producing four monthly planes, aiming to increase to five by year-end.

Share This Video


Download

  
Report form
RELATED VIDEOS