From Coinpedia · By Anjali Belgaumkar
Boeing shares dropped about 9.6% on Tuesday after the planemaker said it will not reach a production rate of 52 737 Max jets a month until the second half of 2027, held back by slower wing output. The company currently builds about 47 a month. Third-quarter revenue rose 4% to $24.19 billion, beating the $23.84 billion forecast, but the adjusted loss of 34 cents per share was wider than the expected 21 cents. Net loss narrowed sharply to $116 million from $5.34 billion a year earlier. Defence revenue jumped 15% to $7.94 billion, while commercial aircraft sales fell 3% to $10.72 billion with a negative 6.5% operating margin. Boeing delivered 161 jets and generated $464 million in free cash flow.
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