Reported about 16 hours ago
Boeing announced that it has postponed the delivery of its new 777X model to 2027 because of regulatory issues, resulting in a $4.9 billion noncash charge in the third quarter. The company's CEO acknowledged the delays due to extended FAA certifications, impacting Boeing's ability to recover investments in the long-awaited aircraft. Despite this setback, Boeing reported a 30% increase in revenue, aided by a rise in 737 MAX jet production and improvements in its defense division.
Source: YAHOO