Troubled Boeing signals it may raise up to $25 billion to shore up finances
Economy And Jobs,Boeing,Strikes
Boeing signaled Tuesday that it could raise up to $25 billion in new stock or debt to shore up its balance sheet after years of heavy losses.
The company said in back-to-back regulatory filings that it could raise the cash over the next three years and enter into a new borrowing agreement with lenders.
Boeing has lost more than $25 billion since the start of 2019, and its finances are under new pressure as a strike by workers who build most of its airline jets factory goes into its second month. The strike is cutting into cash, which Boeing receives when it delivers new planes to buyers.
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