Boeing delays 777X deliveries to 2025 as FAA scrutiny bites

Boeing has reported first-quarter revenue of $14.0 billion, driven by lower defence volume and charges on fixed-price defence development programs, partially offset by commercial services volume.

The company recorded a net loss of $1.21 billion and an operating cash flow of ($3.2) billion.

“While the first quarter of 2022 brought new challenges for our world, industry and business, I am proud of our team and the steady progress we’re making toward our key commitments,” said Dave Calhoun, Boeing’s president and chief executive officer.

“We increased 737 MAX production and deliveries and made important progress on the 787 by submitting our certification read more ⇒

Source:: AirlineRatings.Com

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