Boeing investors got a mixed picture last week.
The plane maker is delivering more jets than it has in years
But a familiar problem, its presidential aircraft contract, is still eating into profits. The company’s second-quarter results showed notable progress in production. At the same time, one troubled defense program added a massive $280 million charge to the books.
This combination has traders watching Boeing (BA) shares closely, as the stock has slid since reporting its Q2 results. Here’s why the Air Force One program keeps showing up in Boeing’s earnings, concerning investors. Boeing deliveries hit a 2018 high Boeing reported second-quarter revenue of $24.6 billion, up 8% from a year earlier.