Boeing defense sales and profit sag

Boeing said today sales in its defense, space and security business in the most recent quarter were just shy of $6 billion, down 13% from the same three-month period a year earlier.

The unit's quarterly profit was $31 million, down 96% from the prior year. Boeing said the business faced a $410 million pre-tax charge to provision for an additional uncrewed mission for the Commercial Crew program.

In 2019, Boeing's defense business recorded sales of $26 billion, down 1% from 2018. Profit for the year hit $2.6 billion, up 57% from 2018.