Boeing Posts $3.3 Billion Loss on Costs Tied to Defense Programs

Boeing Posts $3.3 Billion Loss on Costs Tied to Defense Programs
The logo for Boeing appears on a screen above a trading post on the floor of the New York Stock Exchange on July 13, 2021. Richard Drew/AP Photo
The Associated Press
Updated:

Boeing reported a surprising $3.3 billion loss for the third quarter Wednesday, as revenue fell short of expectations and it took huge losses for fixed-cost government programs including new Air Force One presidential jets.

The company blamed higher manufacturing and supply-chain costs for driving the losses in government programs.