Boeing Loses $1.6 Billion On Fewer Deliveries Of Airliners And Higher Costs For Air Force One

(Associated Press) – Boeing is reporting a loss of $1.64 billion in the third quarter.

The company said Wednesday it delivered fewer planes than a year ago, especially its best-seller, the 737 Max.

Boeing is lowering its forecast of 737 production for this year.

And Boeing is reporting another loss on its contract with the Air Force to build two new presidential jets.

Those are 747s that are modified to become Air Force One planes.