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Boeing suffers hundreds of millions in losses due to 737 MAX production issues

Boeing suffers hundreds of millions in losses due to 737 MAX production issues

Boeing reported a 697 million dollar operational loss in its commercial division due to persistent production delays for the 737 MAX. However, the company's defense unit remained profitable, supported by strong demand and new orders from the United States military.

Boeing reported an operational loss of 697 million dollars for its commercial aviation division in the third quarter, largely due to ongoing manufacturing struggles with the 737 MAX aircraft. CEO Kelly Ortberg noted that the company is currently unable to produce wings at the necessary speed to meet production targets, despite delivering 161 planes during the period. The company's total revenue reached 24.1 billion dollars, with a net loss of 116 million dollars for the quarter.

In contrast to the struggles in commercial aviation, Boeing's defense division performed well, generating 492 million dollars in profit. This success was driven by increased operational efficiency and significant orders from the United States military, including demand for missile defense systems and various aircraft maintenance services. Ortberg emphasized that while the company is in a stronger position than the previous year, there remains a substantial amount of work required to improve corporate culture, streamline workflows, and clear the existing backlog of orders.

Based on reporting by nu. Translated and condensed by LocalHeadlines.

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