The Boeing Aviation Giant is undergoing serious financial difficulties, predicting losses in approximately $ 5 billion. The results of the third quarter are expected to be extremely negative, which forced the company to make a decision to reduce 10% of its employees, which is about 17,000. Such "turbulent times" for Boeing have become a serious problem, as the company ranks sixth among defense companies in the world, according to information published by Defense Express.
It is worth noting that Boeing problems are not limited to the segment of the airliners, which is undergoing additional losses of $ 3 billion. The company's defensive segment is also suffering, losing $ 2 billion. Total shares are expected to amount to $ 9.97, and the cash flow will decrease to $ 1.3 billion.
According to the information, Boeing notes that the causes of financial difficulties were problems with the 777X aircraft, which faced the delays in the test of new versions. In addition, the strike of employees who require a 40% salary and rejected a 25% increase in the production of Boeing 737 MAX and 777 aircraft production.
The operating margin of the civil segment of the company is expected at 54%. The defense segment, in turn, suffers from fixed price contracts, including $ 0.9 billion due to problems with T-7A training, as well as difficulties in developing Drones MQ-25 and a pilot tanker KC-46 Pegasus.
In addition, problems are also observed in the space segment. In response, Boeing has made a decision to reduce 17,000 workers around the world, although it is unknown how many of them will be in the company's defense segment.
Boeing is of great responsibility in the production of weapons both in the US and around the world. Current contracts include F-15, F/A-18, AH-64 Apache and CH-47 Chinook, as well as Patriot missiles, which the company provides self-alignment heads. The US Strategic Anti-Rape Defense, including SM-3 missiles, also depends on Boeing technologies.
Given that the supply chains in the Western Defense Sector are closely intertwined, any Boeing problems can have serious safety consequences.
