BRIEF-Boeing Says Multiple Legal Actions Were Initiated Over Alaska Airlines Accident

April 24 (Reuters) - Boeing Co :

* MULTIPLE LEGAL ACTIONS WERE INITIATED AS A RESULT OF THE JANUARY 5, 2024 ALASKA AIRLINES FLIGHT 1282 ACCIDENT

* SUBJECT TO MULTIPLE GOVERNMENTAL & REGULATORY INVESTIGATIONS RELATING TO ALASKA AIRLINES FLIGHT 1282 ACCIDENT & COMMERCIAL AIRPLANES BUSINESS

* CAN'T REASONABLY ESTIMATE LOSS RANGE, IF ANY, NOT COVERED BY AVAILABLE INSURANCE FROM PENDING LAWSUITS, PROBES & INQUIRIES OVER 737 PROGRAM

* IN Q1, RECORDED EARNINGS CHARGE OF $443 MILLION, NET OF INSURANCE RECOVERIES, FOR CONSIDERATIONS OVER ALASKA AIRLINES ACCIDENT & 737-9 GROUNDING

* AT MARCH 31 $430 MILLION OF LIABILITY BALANCE REMAINS SUBJECT TO NEGOTIATIONS WITH CUSTOMERS, MAJORITY OF WHICH WE EXPECT TO PAY IN 2024

* EMBRAER HAS DISPUTED CO'S RIGHT TO TERMINATE DEALS TO ESTABLISH JVS, & DISPUTE IS IN ARBITRATION, WHICH WE EXPECT TO BE RESOLVED IN 2024

* ON 787 PROGRAM: ARE SLOWING NEAR-TERM PRODUCTION TO BELOW 5 PER MONTH DUE TO SUPPLY CHAIN CONSTRAINTS, WHICH ARE ALSO IMPACTING 2024 DELIVERIES

* ON 787 PROGRAM: AS OF MARCH 31, HAD ABOUT 40 AIRCRAFT IN INVENTORY THAT REQUIRE REWORK WHICH WE EXPECT TO COMPLETE BY END OF 2024

* ON 787 PROGRAM: EXPENSED $80 MILLION IN THREE MONTHS ENDED MARCH 31 RELATED TO INSPECTIONS AND REWORK COSTS ON INVENTORIED AIRCRAFT

* PLANNING TO ADD ENGINEERING SOLUTIONS TO DE-ICING SYSTEMS ON 737-7, 737-10 PRIOR CERTIFICATION, WHICH WILL DELAY CERTIFICATION, 1ST DELIVERIES

* FIRST DELIVERY OF THE 777-8 PASSENGER AIRCRAFT IS NOT EXPECTED TO OCCUR BEFORE 2030

* EXPECT THE FIRST DELIVERY OF THE 777-9 TO OCCUR IN 2025 AND THE 777-8 FREIGHTER TO OCCUR IN 2027 - SEC FILING

* CONTINUE TO EXPECT CAPITAL EXPENDITURES IN 2024 TO BE HIGHER THAN IN 2023

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