Boeing Co.
Boeing Announces Preliminary Third Quarter Financial Results
Summary
On October 11, 2024, The Boeing Company announced preliminary financial results for the third quarter of 2024, impacted by the IAM work stoppage and charges in the Commercial Airplanes and Defense segments. The company expects to report third quarter revenue of $17.8 billion, a GAAP loss per share of ($9.97), and operating cash flow of ($1.3) billion. The Commercial Airplanes segment anticipates a $3.0 billion pre-tax charge, while the Defense, Space & Security segment expects a $2.0 billion pre-tax charge.
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About Boeing Co.
Boeing Co. is a global leader in aerospace and defense, renowned for its significant contributions to the aviation industry. The company designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. Beyond commercial aircraft, Boeing provides products and services to the defense and space sectors, including military aircraft and advanced technology systems. This dual focus allows Boeing to operate at the intersection of commercial aviation and defense industries. As the manufacturer of some of the world’s most widely used aircraft, such as the 737, 777, and the Dreamliner series, Boeing plays a crucial role in international air travel and cargo transit. Its innovations impact various industries, including manufacturing, national defense, and space exploration. Headquartered in Chicago, Illinois, Boeing remains a pivotal player in advancing technological frontiers and supporting global infrastructure through its aerospace and defense capabilities.
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