Boeing misses big on earnings but remains optimistic for 737 Max return
Publishing timestamp: 2019-10-23 10:58:04
Summary
Boeing expects regulatory approval for 737 MAX return to service in Q4 2019, reports worse-than-expected third-quarter profit. Revenue not as bad as feared, defense and space sales strong. No U.S. airline expects MAX to fly before 2020. Boeing maintains production rate of 42 airplanes per month, plans to increase to 57 per month by end of next year. Executive leadership changes made, Muilenburg to testify before congressional panel on Oct. 30.
Sentiment: MIXED
Tickers: BA,
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