Boeing Co’s ailing defense unit on Wednesday recorded a $2.8 billion charge, but the U.S. planemaker stuck to its forecast of generating cash this year despite struggling to raise commercial jet production due to labor and supply shortages.
Cost overruns in Boeing’s defense, space and security segment have hobbled a recovery for the company attempting to come out of successive crises by cashing in on an upsurge in air travel demand after two years of COVID-related curbs.
