Boeing posts larger-than-expected Q2 loss after $280M Air Force One charge, but turnaround progress lifts cash flow and backlog
Boeing reported a second-quarter quarterly loss larger than expected, taking a $280 million charge tied to its troubled Air Force One replacement program. The company said it is investing “significant resources” to target delivery by 2028, despite pushing back delivery of two presidential planes by four years. Commercial deliveries and cash flow improved, lifting backlog to a record $715 billion.