Summary by Moomoo AI
Boeing has addressed concerns raised by the Securities and Exchange Commission (SEC) regarding its financial disclosures. In a letter dated May 9, 2024, Boeing responded to the SEC's request for more detailed information on the impact of supply chain disruptions and inflation on its financial performance. The aerospace giant acknowledged the challenges in quantifying these impacts but committed to providing more detailed disclosures in future filings, starting with the second quarter of 2024. Boeing also agreed to expand its reporting on the financial health of individual programs and contracts, particularly in relation to inflation's effect on supply chain and labor costs. Additionally, Boeing will offer a more detailed breakdown of its 737 variants backlog to give investors better insight into the composition...Show More