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Cooking Culinary Adventure: inspired by Halifax's Seaport Market | SaltWire #cooking #cookingshortsWASHINGTON - After a succession of production snafus, investors will question whether U.S. aerospace's"problem children" - Boeing, RTX and Spirit AeroSystems - can stem financial losses and hit year-end targets.
Meanwhile, Boeing and Spirit, a supplier for the U.S. planemaker and European rival Airbus, are contending with a lapse involving misdrilled holes on Boeing’s 737 MAX. Boeing expanded inspections this month. Boeing is expected to report a loss of $2.23 per diluted share, compared with a loss of $5.49 a year ago. Spirit is projected to report a loss of $1.03 a share, compared to a loss of $1.22 a year earlier, according to LSEG data.
“Some of these customer concessions might come in the form of free services, which are likely staggered and may drag out the cash recognition,” Bank of America analyst Ron Epstein said. “It was already looking like it was going to be a struggle to hit that 2023 guidance. It's more of a struggle now, even at the low end,” Vertical's Stallard said.