During its quarter results on the 27th of July Boeing will be recognizing a multi-billion charge related to 3 of its aircraft programs. The company has prospectively reaffirmed its revenue and cash flow guidance.
Boeing will be taking a $847 million after tax charge on 2 of its 787 test aircraft, which it now deems unable to sell.
Due to ongoing weakness on the cargo market the world’s largest jet maker will be keeping production rates low. Due to this decision the company will recognize a $814 million charge on the 747 program.
To keep the program on schedule, or better said not let it slipeven further the company has taken another $393 million in after tax charges. The charge also covers the hardware fix the jet maker had to implement for the boom on the KC-46A.