Boeing reports expected fourth-quarter losses due to various operational challenges

The Commercial Airplanes division will see impacts from the IAM work stoppage and agreement, leading to lower deliveries and pre-tax earnings charges of $1.1 billion on the 777X and 767 programs. A pre-tax charge of $0.9 billion for the 777X program reflects higher estimated labor costs associated with finalizing the IAM agreement, which will be incurred over several years. The first delivery of the 777-9 is still anticipated in 2026.

Defense, Space & Security expects pre-tax earnings charges totaling $1.7 billion across several programs: KC-46A, T-7A, Commercial Crew, VC-25B, and MQ-25. For instance, a pre-tax charge of $0.8 billion on the KC-46A program reflects higher manufacturing costs influenced by the IAM work stoppage and agreement.

Boeing cautions that these preliminary financial results are unaudited estimates subject to change following management's continued review processes before finalization.

The company outlines potential risks that could affect actual outcomes compared to forward-looking statements provided in this release. These include economic conditions, reliance on commercial airline customers, government budget changes, labor disruptions, competition within markets, among others.