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3h ago

Boeing 777X Reportedly Delayed to Early 2027, Raising Prospect of Multibillion-Dollar Charge

Analysts say the slippage could force a $2.5 billion to $4 billion non-cash hit because the program sits in a reach-forward-loss position.

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Overview

  • Bloomberg, citing people familiar, reports the 777X’s commercial debut is now expected in early 2027, and Boeing has not confirmed the timing or the size of any charge.
  • CEO Kelly Ortberg recently said certification is running behind because of a “mountain of work,” not a new technical issue, as FAA-supervised testing continues.
  • Launch customer Lufthansa is excluding the jet from fleet plans until 2027 and officials at Emirates have grown more cautious about when it will enter service.
  • New CFO Jay Malave is reviewing the financial impact and executives have met major investors, with a fuller update expected when Boeing reports earnings on October 29.
  • The program has already absorbed more than $11 billion in overruns, and analysts estimate the latest delay could add a further $2.5 billion to $4 billion in non-cash charges and defer expected cash from 2026 deliveries.