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Companies & Markets

Boeing reports US$234m loss after unexpected costs

Published Wed, Jul 27, 2016 · 12:15 PM
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[NEW YORK] Boeing reported a second-quarter loss Wednesday due to elevated costs for an Air Force contract and for commercial air production as it confirmed its full-year commercial plane deliveries targets.

The US aerospace giant lost US$234 million for the quarter ending June 30. The negative earnings followed US$2.1 billion in unexpected charges that were announced last week.

AFP

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