fromwww.theguardian.com
3 days agoBoeing takes near $5bn hit due to delays in delivering first 777X jets
Boeing pushed the first delivery of its long-delayed 777X jet program out to 2027 and took a nearly $5bn charge due to the delays, in another series of setbacks for the aerospace giant. The 777X was central to Boeing's long-term widebody strategy, previously dominated by its 747 and 777 jets. But repeated certification and production delays have pushed back deliveries by years, piling up charges of more than $15bn and straining its finances, while giving an opening to rival Airbus's competing A350
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