US Stock Market Move | Boeing Company (BA.US) falls nearly 4%, delays commercial airplane division profit target.

On Thursday, Boeing Company (BA.US) fell nearly 4% to $197.87. On the news front, Boeing Company has postponed its target of achieving a positive profit margin in its core commercial aircraft division by a year, mainly due to the recent acquisition of Asco Industries dragging down profitability. Boeing Company's Chief Financial Officer Jay Malave stated on March 17th that it is now expected that Boeing Commercial Airplanes (BCA) will not achieve breakeven or positive profit margins until 2027. Malave revealed that BCA's profit margin for this year is expected to be negative, with the first quarter profit margin expected to be between -7% to -8.5%. Malave said that Boeing Company discovered performance and performance issues within the subsidiary it acquired and integrated internally. As a result, Boeing Company had to "reset" its profit margin expectations for the commercial aircraft division.