Boeing reports $6.2 bn loss on strike, defense contract woes

Boeing reported a whopping $6.2 billion quarterly loss Wednesday as a nearly six-week labor strike weighed on its commercial plane division and costly problems dragged down its defense and space business. The embattled aviation giant, which has been under scrutiny from regulators following safety problems, reported a one percent decline in revenues to $17.8 billion. […]

The post Boeing reports $6.2 bn loss on strike, defense contract woes appeared first on Insider Paper.