The company recorded a net loss of 1.64 billion dollars in the quarter, with its generally accepted accounting principles (GAAP) loss per share of 2.70 dollars and core loss per share (non-GAAP) of 3.26 dollars.
Third-quarter results were impacted by unfavorable defense performance and lower 737 deliveries, the company said.
The company's Commercial Airplanes third-quarter revenue increased to 7.88 billion dollars from 6.3 billion dollars a year ago, primarily driven by higher 737 deliveries.
In commercial airplane programs, Boeing delivered 105 aircraft in the third quarter of 2023, a decrease of 6 percent from 112 aircraft in the same period of last year. The year-to-date delivery reached 371.
During the quarter, Commercial Airplanes booked 398 net orders, including 150 737 MAX 10 airplanes for Ryanair, 50 787 airplanes for United Airlines, and 39 787 airplanes for Saudi Arabian Airlines.
The backlog included over 5,100 airplanes valued at 392 billion dollars.
The company's Global Services third-quarter revenue increased by 9 percent to 4.81 billion dollars from 4.43 billion dollars a year ago.
In its defense, space and security programs, third-quarter revenue increased to 5.48 billion dollars. A total of 28 aircraft were delivered in the quarter, with year-to-date delivery of 105 aircraft and three satellites.
On the 737 program, during the quarter a supplier non-conformance was identified on the aft pressure bulkhead section of certain 737 airplanes. Near-term deliveries and production will be impacted as the program performs necessary inspections and rework, and the company now expects to deliver 375 to 400 airplanes this year, Boeing said.
On production, suppliers are continuing with planned rate increases, and the company expects to complete the final assembly transition to 38 per month by year-end, with plans to increase to 50 per month in the 2025/2026 time frame, according to Boeing.
The company's 787 program is now transitioning production to five per month and plans to increase to 10 per month in the 2025/2026 time frame. The program still expects to deliver 70 to 80 airplanes this year.
"We continue to progress in our recovery and despite near-term challenges, we remain on track to meet the financial goals we set for this year and for the long term," said Dave Calhoun, Boeing president and chief executive officer.
"We are focused on driving stability in our supply chain and improving operational performance as we steadily increase production rates to meet strong demand... Leading with safety, quality and transparency, we will continue to restore our operational and financial strength," he added.
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