Boeing records $2.31 billion reach-forward losses on tanker program over 3 years By Reuters

(Reuters) – Boeing (NYSE:) said on Friday it had recorded reach-forward losses of $2.31 billion related to the U.S. Air Force KC-46A tanker program over 2016, 2017 and 2018.

The planemaker said in a filing that in 2018, it had recorded reach-forward losses of $736 million on the contract, reflecting higher estimated costs related to certification, flight testing and change incorporation on aircraft, among other things.

The U.S. Airforce recently accepted the long-delayed first delivery of the KC-46 tanker jet made by Boeing. The delays and fixes for the program have been costly for Boeing and the company had recorded charges on the tanker program.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.