CHICAGO, Oct. 6 (Xinhua) -- Chicago-based Boeing Company announced Tuesday it is expecting to report a one-billion dollar charge because of a delay in producing a new version of the 747 freighter jet.

    In a written statement, Boeing blames most of the billion-dollar charge on increased production costs of one of its freighter airplanes. The company adds the market conditions are not helping either.

    Business analysts here believe that Boeing's problems are not limited to just the freighter plane program. Boeing is having problems across almost its entire commercial aircraft operations as it looks like the 787 program is absorbing a lot of the resources in the company.

    It is reported that the 787 program is Boeing's long-delayed Dreamliner project and the company's focus in the near future will likely stay on that project since it has been selling well.