April 24, 2024 – 7:12 AM PDT
(Reuters) – Boeing (BA.N) on Wednesday reported its first quarterly revenue drop in seven quarters, but the U.S. planemaker beat Wall Street expectations that were lowered after a January mid-air blowout of a cabin door prompted it to slow production of its strongest-selling jets.
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After the report, Boeing’s Chief Executive Dave Calhoun told CNBC that a deal to acquire its key supplier Spirit AeroSystems (SPR.N) is more than likely during the second quarter. The two have confirmed tie-up talks, although pricing remains a challenge in the complex deal.
Boeing said first-quarter cash burn, a metric closely watched by…
