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Boeing ( BA ) shares are falling in premarket trading after the plane maker projected a much wider-than-estimated fourth-quarter loss following a nearly two-month strike that crippled production, as well as charges around its defense segment and staff cuts .

In preliminary results Thursday, Boeing said it anticipates recording a fourth-quarter loss of $5.46 per share—far larger than the $1.40-per-share Visible Alpha consensus—when it issues its results on Tuesday. It also projects revenue of $15.2 billion, less than analysts' estimate of $16.3 billion.

"Although we face near-term challenges, we took important steps to stabilize our business during the quarter including reaching an agreement with our IAM-represented teammates and conducting a successful capital raise to improve our balance sheet," said Boeing Chief Executive Officer (CEO) Kelly Ortberg, who took the reins at the embattled company in August .

Shares of Boeing, which said it had $26.3 billion in "cash and investments in marketable securities" at the end of the fourth quarter, are down roughly 1.5% in premarket trading. They have fallen more than 15% over the past 12 months through Thursday.

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