...NEW YORK (S&P Global Ratings) Jan. 29, 2025--S&P Global Ratings said today that Boeing Co.'s reported fourth-quarter losses were largely due to charges related to cost overruns and delays in new commercial and defense aircraft development. Losses also reflected the effect of a strike that shut down most aircraft production for much of the quarter. The company recorded charges totaling $2.8 billion and reported a loss of $3.9 billion for the period. Boeing reported $26.3 billion of cash and investments at the end of 2024, which incorporated a $14.1 billion cash use for the year and $24.3 billion issuance of equity and equity-linked securities in late October. The company subsequently repaid $3.5 billion of debt originally maturing in 2025. The largest component of the announced charges, $0.9 billion, relates to higher expected costs for its new widebody 777X plane due to incremental labor costs following the resolution of the strike. The charge follows a $2.6 billion charge taken in the...
