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Boeing profits from sales boost | Boeing profits from sales boost |
(about 1 hour later) | |
Boeing's profits from April to June were boosted by a "strong" commercial aircraft sales, the company has said. | |
Net profits rose 52% to $1.65bn (£1bn) from the same period last year. | Net profits rose 52% to $1.65bn (£1bn) from the same period last year. |
During a quarter which saw the firm deliver its first Dreamliner 787-9 aircraft, Boeing's earnings from commercial aircraft operations helped to offset a fall in defence profits. | |
Earnings from the firm's defence, space and security business fell 25% to $582m. | Earnings from the firm's defence, space and security business fell 25% to $582m. |
The company also boosted its full-year earnings forecast to between $7.90 and $8.10 per share, up from its previous forecast of $7.15 to $7.35 per share. | |
"Overall, our strong first-half financial performance, sustained focus on growth and productivity, and positive market outlook support our increased earnings guidance for the year," said Boeing chief executive Jim McNerney. | |
The firm expects higher full-year profits in part due to second-quarter tax settlements totalling $408m. | |
Jumbo deliveries | |
Boeing said commercial aircraft deliveries rose 7% to 181 in the three month period. The total included 30 Dreamliner jets. | |
Boeing grounded a number of aircraft last year, including the Dreamliner fleet, following two incidents where batteries caught fire. | |
The firm said it had a total order book worth $440bn, with more than 5,200 orders for commercial aeroplanes. | |
"With 783 new commercial airplane orders to date this year and significant contracts in the quarter for military aircraft and satellites, our backlog remains large and diverse," Mr McNerney said. |