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Boeing raises annual profit forecast Boeing raises annual profit forecast
(35 minutes later)
Boeing has raised its forecasts for profit this year, despite a charge of $329m over the KC-46 aerial refuelling tanker.Boeing has raised its forecasts for profit this year, despite a charge of $329m over the KC-46 aerial refuelling tanker.
The aircraft manufacturer now expects to earn $12.5bn (£9.4bn) in 2017, up from its last forecast of $12.25bn.The aircraft manufacturer now expects to earn $12.5bn (£9.4bn) in 2017, up from its last forecast of $12.25bn.
The KC-46 aircraft is in the late stages of testing and certification - a process that has been more costly than Boeing originally thought.The KC-46 aircraft is in the late stages of testing and certification - a process that has been more costly than Boeing originally thought.
Boeing delivered a record 202 commercial aircraft in the quarter.Boeing delivered a record 202 commercial aircraft in the quarter.
That contributed to a a 1.7% rise in sales during the period. However, net income dropped 19% to $1.9bn. That contributed to a 1.7% rise in sales during the period. However, net income dropped 19% to $1.9bn.