Yet revenue for the Chicago aerospace giant rose 1 percent to $24.8 billion, and company shares rose steadily before the opening bell Wednesday.

Charges totaling $3 billion before taxes, led to Boeing's first down quarter since the third quarter of 2009, when it lost $1.6 billion.

Boeing also lowered its full-year earnings to the range of $6.10 and $6.30 per share, from $8.15 and $8.35. The revenue outlook remains the same at $93 billion to $95 billion.

Despite the rough quarter, analysts believe that Boeing showed underlying strength and shares rose nearly 2 percent in midday trading.