Boeing Co.
Boeing Announces Preliminary Q4 2024 Financial Results
Summary
The Boeing Company announced preliminary financial results for Q4 2024, impacted by IAM work stoppage, agreement, and defense segment charges. Expected Q4 revenue is $15.2 billion, with a GAAP loss per share of ($5.46) and operating cash flow of ($3.5) billion. The company anticipates reaching an agreement with IAM-represented employees and is restarting production for the 737, 767, and 777/777X. Pre-tax earnings charges of $1.1 billion on the 777X and 767 programs and $1.7 billion on the KC-46A, T-7A, Commercial Crew, VC-25B, and MQ-25 programs are expected.
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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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