The market woke up to some troubling news yesterday as Boeing‘s management announced that the company will report approximately $2.78 billion in pre-tax charges related to three of its most troubled programs — the 787, the 747 and the KC-46A. This is going to directly hurt its earnings figures this quarter, thouhg most analysts will exclude and tax-adjust these charges. The aerospace giant has affirmed that these charges are going to have little to no effect on cash flows. The company reaffirmed full year guidance with the announcement.
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