Boeing's loss will exceed expectations when it unveils fourth-quarter results next week, the financially strapped U.S. planemaker said on Thursday, citing charges at its defense unit, lower jetliner deliveries and losses from a crippling strike.

Boeing said on Thursday it expects to report a larger-than-expected loss when it unveils fourth-quarter results next week as the financially-strapped U.S. planemaker took charges at its defense unit and suffered losses from a crippling strike.

SEATTLE - Boeing's engineering union is formally investigating claims from its members that the company is moving work to non-union locations in the United States and overseas. The Society of Professional Engineering Employees in Aerospace (SPEEA) formally began investigating the allegations in December,

Some 55 years after the first commercial flight of the Boeing 747, four airlines still fly passenger versions, including Lufthansa, Korean Air Lines and Air China.

Boeing said it expects a fourth-quarter GAAP loss of $5.46 a share, well above the $1.55-a-share loss that Wall Street forecast.

WASHINGTON (Reuters) - President Donald Trump's nominee to head the U.S. Transportation Department said he will keep in place a cap on production of Boeing 737 MAX planes put in place after a mid-air panel blowout last year until he is satisfied it can be safely raised.

Boeing has said it expects a fourth-quarter loss and is taking $2.8bn in charges stemming from a six-week-long strike, higher costs in its defence business and cuts to its workforce. The plane maker said it lost $5.46 per share between October and December on $15.2bn in revenue, while it burnt $3.5bn in cash, according to a preliminary filing.

Boeing faces pressure from activist investors and Warren Buffett's interest, signaling potential major changes in the aerospace giant's future.

Boeing reported preliminary fourth quarter results on Thursday after the bell, estimating a whopping $3.5 billion operating cash flow loss to the quarter, citing the effects of a work stoppage, workforce reductions,

Boeing's sales are projected to reach $100-$110 billion by 2026, with potential EPS growth to $15 by 2028. Read why I upgrade BA stock from hold to buy.

Boeing had a decent orderbook in December to cap a very bad year. But its deliveries for the month show it continues to struggle to rebound from the crippling strike earlier in the fall.

President Trump’s Department of Transportation Secretary nominee has pledged to maintain a cap on Boeing 737 MAX production brought in by the FAA last year.