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Boeing to recognise a $1 billion third-quarter charge
07 October 2009
The charge is mainly due to increased production costs for its 747 programme.
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Boeing
747-8
Boeing said due to increased production costs for its 747 programme and the difficult market conditions it expects pre tax charges totalling approximately $1 billion against its third-quarter results.
About $640 million of the charges are a result of the higher than estimated costs to produce the 747-8 aircraft, Boeing said. Late engineering designs caused greater than expected rework and...
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