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00:02Boeing reported a $339 million pre-tax loss for the first half of 2026,
00:09while accounting adjustments tied to its $8.4 billion Spirit Aerosystems acquisition.
00:15According to the Wall Street Journal, Boeing increased goodwill from the deal to $10.3 billion
00:21as of June 30, after determining Spirit's identifiable liabilities exceeded its assets
00:27by $1.9 billion.
00:29The adjustment included a $455 million increase in estimated liabilities for below-market customer
00:37contracts, bringing their fair value to about $1.5 billion.
00:42The accounting adjustments show Boeing is finding less value in the Spirit acquisition over time,
00:46while any further bad news after the one-year true-up window closes will hit the income statement
00:51directly.
00:52Boeing acquired Spirit to bring more manufacturing operations in-house after years of production
00:57and safety problems involving its supply chain.
00:59For all things money, visit Benzinga.com.
