Boeing Expects Slower Production Pace, Will Miss Delivery Targets

In depth

Aircraft maker Boeing expects a slower production pace and will not meet its delivery target for the year, which stood at 500 aircraft. According to TheMarker, the company is slowing the production rate of its 737 aircraft. According to Bizportal, third-quarter results will be published on Tuesday before the market opens.

According to Bizportal, the company expects a loss of 21 cents per share and revenues of about $24.4 billion for the quarter. According to Channel 14, the quarterly loss is larger than expected. According to TheMarker, the company expects slow growth in cash flow in 2027 and 2028.

According to Channel 14, the stock plunged to an 18-month low, erasing about $15 billion from the company's market value in a single day. According to TheMarker, the stock fell by almost 10%.