Boeing (BA) has released an update.
Boeing has reported a challenging second quarter for 2024, with a revenue of $16.9 billion and significant losses, including a GAAP loss per share of ($2.33) and a core loss per share of ($2.90). The aerospace giant’s financials were impacted by lower commercial delivery volumes and losses on fixed-price defense programs, leading to a negative operating cash flow of ($3.9) billion and negative free cash flow of ($4.3) billion. Despite the setbacks, Boeing is focusing on a recovery path with a new safety and quality plan and an acquisition of Spirit AeroSystems, aiming to stabilize operations for future success.
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