Boeing's $2 Billion Hard Landing
787 and air freighters pose a problem
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A long-serving chief executive often hands his or her successor a few nasties to deal with. Such is the fate of Boeing's Dennis Muilenburg, who last summer replaced Jim McNerney, the boss of the U.S. aircraft maker for a decade.
On Thursday Muilenburg disclosed about $2.1 billion in post-tax charges ($3 billion on a pretax basis) related to a trio of struggling aircraft programs: the 787 Dreamliner and 747 jumbo jets, plus a military refueling plane.