Shares of manufacturing and transportation companies drifted higher.
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.
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(END) Dow Jones Newswires
June 08, 2017 18:20 ET (22:20 GMT)