Boeing's 737 Max forecast slashed due to production issues and delivery setbacks
Boeing reported a third-quarter miss on revenue and adjusted loss per share, citing unfavorable defense performance and lower 737 deliveries. The aerospace giant trimmed its delivery forecast for the 737 Max due to ongoing production issues but maintained its cash flow guidance. Boeing now expects to deliver 375-400 737 Max jets this year, down from the previous projection of 400-450 deliveries. The company identified a supplier issue affecting production but assured it is not a safety concern. Boeing's backlog stands at $469 billion, representing over 5,100 commercial jets.