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| Sales and profits slip at Boeing | Sales and profits slip at Boeing |
| (35 minutes later) | |
| Sales and profits slipped at Boeing last year, driven largely by lower deliveries of its military aircraft. | Sales and profits slipped at Boeing last year, driven largely by lower deliveries of its military aircraft. |
| The world's number one aeroplane manufacturer made sales of $94.6bn, down 2%, and net earnings of $4.9bn, 5% lower. | The world's number one aeroplane manufacturer made sales of $94.6bn, down 2%, and net earnings of $4.9bn, 5% lower. |
| It said revenues were likely to slip further in 2017, to between $90.5bn and $92.5bn. | It said revenues were likely to slip further in 2017, to between $90.5bn and $92.5bn. |
| But the US company also expects to deliver more commercial aircraft and to improve its profitability. | But the US company also expects to deliver more commercial aircraft and to improve its profitability. |
| "Looking forward, our team is intent on accelerating productivity and programme execution," said chairman and chief executive Dennis Muilenburg. | |
| In the period the firm made 748 commercial aircraft deliveries, down from 762 in 2015, claiming to have led the market for "the fifth consecutive year". | |
| But it delivered fewer military planes - in particular of its new CH-47 Chinook helicopter and its F/A-18 fighter planes - and sales in the division were down 7%. |