Boeing Reports $4.9bn 777X Charge Amid Certification Delays

Boeing disclosed a $4.9 billion charge related to its 777X program on October 25, following further delays in jet certification. The company confirmed it now expects the first 777X delivery in 2027, a year later than previously planned.

The financial impact reflects ongoing certification challenges for the 777X widebody, which was initially scheduled for entry into service in 2026. These delays have increased the program’s cumulative charges to approximately $15 billion.

The 777X program, which includes the 777-9 and 777-8 passenger models and the 777-8F freighter, was launched in 2013 as a more efficient replacement for older four-engine jets such as the Boeing 747 and Airbus A380.

Boeing delivered 160 commercial aircraft in the third quarter, representing its highest quarterly total since 2018. Commercial division revenue rose 49% to $11.1 billion, but the segment posted a $5.4 billion operating loss due to the 777X-related charge.

The Defense, Space & Security segment generated $6.9 billion in revenue, up 25% year-on-year, with an operating margin of 1.7%. Boeing’s total backlog increased to $636 billion, including more than 5,900 commercial aircraft.

Kelly Ortberg, Boeing’s president and CEO, stated, "With a sustained focus on safety and quality, we have achieved significant milestones in our recovery."

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