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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Boeing reported a wider-than-expected loss for the second quarter, primarily driven by a $280 million charge related to its Air Force One replacement program. Despite the loss, revenue grew 8% year-over-year to $24.6 billion, exceeding analyst estimates, and the company generated positive free cash flow. Additionally, Boeing's order backlog reached a new record high of $715 billion, signaling momentum in its strategic turnaround plans.