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There was both good and bad news in Boeing's latest Q3 earnings report. First the good news: after many years and many more quarters of relentless negative cash flow following its countless 737 and Dreamliner fiascoes, Boeing appears to have finally turned the corner, and in Q3 the company reported nearly $3 billion in FCF, almost 3x more than consensus estimates, largely thanks to more than expected Dreamliner deliveries. This was only the second time Boeing has generated positive cash since Chief Executive Officer Dave Calhoun took the top job in early 2020.
The sold cash performance overshadowed more bad news from the Arlington-based company’s defense division, which racked up $2.8 billion in losses due to cost overruns on its KC-46 aerial tanker, Air Force One and other military contracts. This resulted in Boeing reporting a whopping adjusted loss of $6.18 a share in the period, a huge miss to analyst expectations of slightly positive earnings, marking the company’s fifth consecutive earnings miss. The company's revenue of $16 billion also fell short of the $17.7 billion expected by Wall Street...
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It's all a big show for the ignorant public. There is a massive secret space program that has been going on since the end of WWII. Boeing has to have a share of that business and all of the advanced technology. Enough of the lies. https://inscribedonthebelievingmind.blog/2022/04/17/phil-schneider-last-talk/