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October 17, 2024

Boeing’s Q3 Losses Put Credit Agencies On Alert

No Rating Action Yet But Will Continue Monitoring Carefully

Credit agency S&P Global Ratings said in an October 14 press release that Boeing’s preliminary third-quarter losses are mostly due to cost overruns and delays in new commercial and defense aircraft development. Those charges will total about $5 billion in noncash charges but do reflect changes in cash flow in future years.

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