Shares of manufacturing and transportation companies drifted higher.
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The U.S. Air Force said it doesn't expect to receive the first of its new Boeing KC-46A Pegasus refueling tankers from the aerospace giant until next spring, rather than in September, pushing back an already slippery schedule. Design and certification issues have already cost Boeing $1.5 billion in charges, and though it has secured orders for the initial batch of jets, it's unlikely to make any money until it wins follow-on deals for a fleet of as many as 179 planes. Boeing leaders say they are still confident they can mitigate remaining risks on the program, mainly linked to testing.
(END) Dow Jones Newswires
June 08, 2017 18:20 ET (22:20 GMT)