Boeing to cut 747-8 production, take charge in Q4

Boeing to cut 747-8 production, take charge in Q4
# 22 January 2016 03:52 (UTC +04:00)

Baku-APA. Boeing Co said it would lower the production rate on its 747-8 program to match supply with near-term demand in the cargo market, APA reports quoting Reuters.

The company said on Thursday it would take a related $569 million, or 84 cents per share, after-tax charge in the fourth quarter of 2015.

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THE OPERATION IS BEING PERFORMED