BULLETIN: Boeing Recognizes Charges on 767 Tanker and 717 Jetliner; Outlook Not Affected - S&P Global Ratings’ Credit Research

BULLETIN: Boeing Recognizes Charges on 767 Tanker and 717 Jetliner; Outlook Not Affected

BULLETIN: Boeing Recognizes Charges on 767 Tanker and 717 Jetliner; Outlook Not Affected - S&P Global Ratings’ Credit Research
BULLETIN: Boeing Recognizes Charges on 767 Tanker and 717 Jetliner; Outlook Not Affected
Published Jan 14, 2005
432 words — Published Jan 14, 2005
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Abstract:

NEW YORK (Standard&Poor's) Jan. 14, 2005--Boeing Co. (A/Stable/A-1) announced that it will recognize pretax charges totaling $615 million related to the U.S. Air Force 767 tanker program and expenses incurred to end production of the 717 jetliner in 2006. Standard&Poor's Ratings Services said those developments have no impact on its ratings or outlook on Boeing. The $275 million 767 tanker charge, mostly noncash, reflects the company's investment and supplier obligations on the program, which will likely be re-competed. The $340 million 717 charge, primarily cash, includes supplier termination expenses. Both charges will be reported in the results for the 2004 fourth quarter. Boeing's financial performance remains solid, with operating cash flow expected at $3.5 billion (net

  
Brief Excerpt:

RESEARCH BULLETIN: Boeing Recognizes Charges on 767 Tanker and 717 Jetliner; Outlook Not Affected Publication date: 14-Jan-2005 NEW YORK (Standard & Poor's) Jan. 14, 2005--Boeing Co. (A/Stable/A-1) announced that it will recognize pretax...

  
Report Type:

Bulletin

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GICS
Aerospace & Defense (20101010)
Sector
Aerospace & Defense , Asset-Backed Securities , Corporations , Global Issuers , Structured Finance
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MLA:
S&P Global Ratings’ Credit Research. "BULLETIN: Boeing Recognizes Charges on 767 Tanker and 717 Jetliner; Outlook Not Affected" Jan 14, 2005. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-Boeing-Recognizes-Charges-on-767-Tanker-and-717-Jetliner-Outlook-Not-Affected-418404>
  
APA:
S&P Global Ratings’ Credit Research. (). BULLETIN: Boeing Recognizes Charges on 767 Tanker and 717 Jetliner; Outlook Not Affected Jan 14, 2005. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-Boeing-Recognizes-Charges-on-767-Tanker-and-717-Jetliner-Outlook-Not-Affected-418404>
  
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