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Boeing posts larger-than-expected Q2 loss as Air Force One costs rise

  • Boeing took a $280M charge tied to its troubled Air Force One replacement, pushing its quarterly loss past expectations.
  • Still, the company generated $631M in free cash flow and kept its $1–3B annual free-cash-flow guidance as it ramps 737 MAX production.
  • The Air Force One program is four years late and over $1B above budget; a Qatari-donated 747-8 is being used temporarily.
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