Wednesday, October 21, 2009

Boeing 3Q report

The Boeing Co. posted a third-quarter loss of $1.6 billion and reduced its full-year profit forecast, hurt by $3.5 billion in charges for the delayed 787 Dreamliner and 747-8 jumbo jet programs. Revenues rose 9 percent to $16.7 billion. (Source: Boeing, 10/21/09) Gulf Coast note: Boeing has multiple operations in the Gulf Coast.