Pursuits
Boeing Sees $2.1 Billion Cost on 787 Dreamliners, Air Tanker
- Dimming prospects for 747 freighter also contribute to loss
- Planemaker sees no change to 2016 revenue and cash guidance
A Boeing 747-8 Intercontinental.
Photographer: Stephen Brashear/Getty ImagesThis article is for subscribers only.
Boeing Co. said it expects to report a $2.1 billion after-tax accounting cost for the second quarter as it absorbs expenses from programs with well-publicized stumbles: the 787 Dreamliner, the 747-8 jumbo jet and a refueling tanker for the U.S. Air Force.
The largest blow is related to the Dreamliner, Boeing’s carbon-fiber jet, which debuted more than two years late in 2011, according to a company statement Thursday. The U.S. planemaker is writing off two flight-test aircraft, at a cost of $847 million after determining it can’t find any buyers.