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Boeing Strike, Defense Charges Hammer Fourth-Quarter Results
- Planemaker sees steep fourth-quarter loss, fresh charges
- Preliminary results underscore task ahead for CEO Ortberg
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Boeing Co. suffered another quarter of fresh charges and losses, highlighting the long road ahead for Chief Executive Officer Kelly Ortberg as he tries to stabilize the US aircraft manufacturer.
In a surprise announcement late on Thursday, Boeing said sales were $15.2 billion, less than the $16.76 billion expected by Wall Street. The loss per share was $5.46 under generally accepted accounting principles, Boeing said in a statement, citing preliminary figures ahead of its scheduled release early next week.