Boeing suffers $245M loss from KC-46A in Q1

By Apurva Minchekar / April 27, 2023 at 5:19 PM
Boeing experienced a loss of $245 million in the first quarter of fiscal year 2023 due to added costs on the Air Force's KC-46A tanker program, the company disclosed in an earnings call Wednesday. The company noted an increase in revenue from $5.4 billion to $6.5 billion in the first quarter, which is up 19% from 2022. However, the operating margin was minus 3.2%. “Margins and [earnings per share] were negative, driven by expected abnormal costs and period expenses as...

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