Boeing raises first quarter profits on more deliveries

Boeing raises first quarter profits on more deliveries

Higher commercial aircraft deliveries helped lift Boeing’s first quarter profits by 38% to $1.3 billion.

Revenues for the three months rose by 8% to $22.1 billion over the same period last year.

The number of aircraft delivered in the period increased by 14% to 184 and it received 110 orders.

As a result, the US manufacturer has an order backlog of more than 5,700 aircraft worth $495 billion.

Boeing secured orders for 52 B737 MAX aircraft in the first quarter, bringing total firm orders to more than 2,700 since the launch of the new generation short haul aircraft.

Chairman and chief executive Jim McNerney said: “With disciplined execution and a sharp focus on productivity, we are meeting increasing customer commitments while profitably growing our business.

"The strong operational and financial performance reinforces our ability to continue providing competitive returns for our shareholders while investing in technology and our people."

"Our outlook for the full year remains positive as our teams work to efficiently deliver our portfolio of industry-leading aerospace products and services.

“We are also maximizing the expertise of our talented people across the company to accelerate development programme milestones and improve affordability for our customers."

 

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