Boeing defense unit still bleeding money, but 'poised to improve'

By Vanessa Montalbano / January 31, 2024 at 1:52 PM
A senior Boeing executive today said the company's defense business is "poised to improve" after recording huge losses, yet fell short of announcing a blueprint for 2024 during the company's year-end earnings call. “We always knew 2024 was going to be an important year in our recovery,” Chief Financial Officer Brian West said. “Our defense business will continue to improve as we mature fixed-price programs and transition recently challenged programs with better underwriting disciplines.” “We’re still confident in the goals...

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