Boeing's Q3 Revenue Declines Due To Machinist Work Stoppage And Charges, Reports Substantial Backlog

Benzinga

Boeing reported a slight year-over-year revenue decline for the third quarter, falling short of expectations. Boeing cited the machinist work stoppage and charges on commercial and defense programs as contributing factors to the losses. Commercial Airplanes revenue dropped 5%, with deliveries down 10%. The backlog includes over 5,400 airplanes valued at over $420 billion. Boeing's 787 program is producing four monthly planes, aiming to increase to five by year-end.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Boeing reported a slight year-over-year revenue decline for the third quarter,

00:05falling short of expectations. Boeing cited the machinist work stoppage and charges on

00:11commercial and defense programs as contributing factors to the losses.

00:15Commercial airplanes revenue dropped 5% with deliveries down 10%.

00:19The backlog includes over 5,400 airplanes valued at over $420 billion.

00:25Boeing's 787 program is producing four planes per month, aiming to increase to five by year-end.

00:31For all things money, visit Benzinga.com slash GSTV.

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