"GAAP loss per share of $0.37 and core loss per share (non-GAAP) of $0.44 reflect the previously announced 787 cost reclassification ($1.33 per share) and charges on the 747 program ($1.28 per share) and the KC-46 Tanker program ($0.62 per share), partially offset by solid execution and higher volume," the aircraft manufacturer said in a statement after releasing its second quarter report.
The company stressed that its operating performance remains solid with a strong revenue of over $24.7 billion, up 1 percent from 2015 year-on-year.
"Actions taken during the quarter that impacted our earnings were the right, proactive steps to reduce risk and strengthen our position for the future," Boeing CEO Dennis Muilenburg was quoted as saying in the statement.
Charges related to the 787 Dreamliner aircraft over delays and cost overruns reportedly amounted to $847 million, while charges for the 747 liner and the KC-46 tanker aircraft $814 million and $393 million respectively.
