Boeing delays 777X delivery to 2027, takes nearly $5 billion charge

Aerospace giant Boeing faces another major setback with its long-delayed 777X program. Despite improving revenue and production stability, the company reported a multibillion-dollar charge and pushed back the aircraft’s first delivery once again.

Boeing said the first 777X delivery is now scheduled for 2027, further delaying the program originally launched in 2013. The company also booked a $4.9 billion charge related to delays and customer penalties, bringing total losses on the project to about $15 billion.

Chief Executive Kelly Ortberg said no new technical issues have been found, but acknowledged a “mountain of work” remains to complete certification.

There are, however, signs of recovery elsewhere in Boeing’s business. The U.S. Federal Aviation Administration (FAA) recently approved an increase in 737 MAX production to 42 jets per month. Quarterly revenue rose 30% to $23.27 billion, exceeding Wall Street expectations, while free cash flow turned positive at $238 million for the first time since 2023.

Boeing shares fell about 1% in premarket trading, as investors reacted cautiously to further 777X delays.