Boeing’s defense unit to eat $1.7 billion in fourth quarter

Boeing’s defense business faced another tough quarter, with a projected loss of $1.7 billion when it reports its fourth-quarter earnings next week—bringing total losses for the sector to nearly $5 billion for the year.“Defense, Space & Security expects to recognize pre-tax earnings charges of $1.7 billion on the KC-46A, T-7A, [Starliner] Commercial Crew, VC-25B, and MQ-25 programs,” the company reported today, ahead of its earnings call next week. A major program