Boeing said production and deliveries of 737s will be slowed as it does inspections and additional work to fix a pressure-sealing section of the planes.FILE - Boeing 737 Max airplanes sit parked in a storage lot, Monday, April 26, 2021, near Boeing Field in Seattle.The aircraft maker lowered its forecast of 737 Max production to between 375 and 400 planes this year, down from a previous estimate of 400 to 450.
Boeing reported a $482 million loss in the quarter on a contract with the Air Force to build two new presidential jets because of higher estimated manufacturing costs. The company also lost $315 million on a satellite contract. Analysts expected the company to lose $3.18 per share on revenue of $18.01 billion, according to a FactSet survey of analysts.