You are here

SEC probes Boeing's accounting of Dreamliner, 747

Friday, February 12, 2016 - 00:33

[NEW YORK] The US Securities and Exchange Commission is investigating whether Boeing Co properly accounted for the costs and expected sales of two of its best known jetliners, Bloomberg reported on Thursday.

The investigation involves Boeing's projection of long-term profitabilty for its 787 Dreamliner and 747 jumbo aircraft, Bloomberg said, citing people with knowledge of the matter.

Boeing's shares were down nearly 8 per cent at $107.10.

REUTERS