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Boeing burns through cash, rushes to fix quality control issues
Boeing burned through billions of dollars of cash last quarter as it languished under intense scrutiny from U.S. regulators and moved to soothe concerns over quality issues. Arlington, Virginia-based Boeing burned through $3.93 billion over the first three months of 2024, far more than the $786 million it recorded during the same time last year, according to a Wednesday regulatory filing. The aerospace giant ended the quarter with $7.5 billion in cash and investments in short-term securities,…
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