Boeing, Hit With $1.5 Billion Losses For The Quarter Due To Costly Delays
Boeing Co (NYSE:BA) posted a loss of almost $1.5 billion for the quarter, due to costly delays amid the Russia-Ukraine conflict. The revenue and sales of the American aerospace manufacturer were also below analysts’ expectations. Earnings ReportQ1 2022 hedge fund letters, conferences and more Revenue of the company hit $13.99 billion, way short of analysts’ expectations of $16.02 billion. The company also said it had a $212 million charge due to Russia’s invasion of Ukraine, while delays in the Air Force One and the T-7A Red Hawk programs have cost the company $660 million and $367 million, re...