aerospace / news / / The Economic Times
Boeing posted a $7 million net loss for the quarter, smaller than a $31 million loss during the same period 12 months ago.
Boeing's core loss per share was 20 cents, far better than analysts' expected 83 cents loss.
KEY POINTS
- Boeing's acquisition of Spirit AeroSystems is incurring higher-than-expected integration costs, not related to quality issues.
- The company expects FAA certification of both the 737 MAX 7 and 10 models within 2024.
- Boeing's defense and space division earnings rose 50% with a successful Artemis II lunar mission launch.
- Jet deliveries hit their highest first-quarter total since 2019, raising commercial jet revenue by 13%.
COMPANIES
Summarized by Newsio from The Economic Times. How we summarize →