However, in a conference call with stock analysts later in the morning, Calhoun was upbeat, emphasizing Boeing’s positive operating cash flow of nearly $3.2 billion for the quarter. “We hit a marker … to generate positive cash flow.”Boeing booked losses of roughly $1.95 billion on two defense programs, CFO Brian West said: KC-46 tankers and new Air Force One presidential transports. But the biggest losses were on the tanker and Air Force One programs. Complicating issues is the need to hire workers with specific security clearances, particularly for Air Force One, he added. “Was Air Force One a mistake?”Well, yes, the CEO admitted.

Source: Ethiopian News October 27, 2022 05:21 UTC