MSGID: 2:292/854 151c2125
TZUTC: 0200                  
Boeing took a multi-billion dollar loss in the third quarter, mainly due to
losses in the defense program due to higher costs that could not be passed on,
because the delivery prices were already fixed. This is evident from the
quarterly figures of the American aircraft manufacturer on Wednesday.
 
The adjusted loss per share from core activities was $6.18 in the quarter.
Last year, this loss was $0.60. Analysts had expected earnings of $0.13 per
share for the quarter.
 
Revenue grew 4% year-on-year to nearly $16.0 billion. Analysts had expected an
increase to $17.9 billion.
 
In its Defense, Space & Security division, sales fell 20 percent to $5.3
billion and profit for the third quarter of 2021 flipped from $436 million to
a loss of $2.8 billion. This concerns programs with a fixed agreement on
prices at which Boeing will deliver, while in the past quarter the costs for
production, deliveries and technology were much higher than budgeted.
 
At the Commercial Airplanes division, the operating loss decreased from $693
million to $643 million. Here, sales rose 40 percent to $6.2 billion.
 
Boeing has an order book of $381 billion. That includes 4,300 commercial
aircraft.
 
The debt position remained stable at $57.2 billion at the end of the third
quarter.
 
Boeing shares appear to start 1.0 percent higher today.

--- DB4 - 20220519
 * Origin: AVIATION ECHO HQ (2:292/854)
SEEN-BY: 1/123 15/0 80/1 90/1 105/81 106/201 120/340 123/131 129/305
SEEN-BY: 153/7715 221/1 226/30 229/110 111 112 113 317 400 424 426
SEEN-BY: 229/428 470 664 700 280/464 282/1038 292/854 8125 301/1 317/3
SEEN-BY: 320/219 322/757 335/364 342/200 396/45 460/58 633/280 712/848
PATH: 292/854 229/426