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Boeing's defense segment has also faced significant challenges, with the company losing money on several fixed-price contracts due to cost overruns and technical difficulties. The company's attempt to expand its defense business too aggressively has backfired, leading to substantial losses.
The Path Forward
Despite the numerous challenges Boeing has faced in recent years, it is still one of the most important aerospace companies in the world. However, until Boeing can regain the trust of the FAA and sort out its production and quality control issues, it will likely continue to incur operating losses. The company's recent $21 billion equity raise buys it some time to turn things around, but it will be a long and difficult road ahead.