Boeing on Tuesday reported a larger-than-expected quarterly loss after taking a $280 million charge on its troubled Air Force One replacement program. The charge was due to higher engineering costs to ensure it delivers the two delayed U.S. presidential plane replacements in 2028, contributing to a $428 million net loss for the second quarter.
Financial Performance
Despite the losses, Boeing recorded $631 million of free cash flow, compared to a negative $200 million during the second quarter of 2025. The cash flow bump was due in part to higher customer payments than anticipated, according to the company.
Boeing’s shares rose a little over 1.5% in premarket trading. The U.S. planemaker is maintaining its guidance of $1 billion to $3 billion in free cash flow for the year, which would be its first positive result since 2023, as it increases production of its best-selling 737 MAX narrow-body jets.
Boeing also increased capital investments in the quarter compared to last year, due largely to expanding capabilities for 787 production in South Carolina and military jet production in the St. Louis, Missouri, area.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
