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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. | |
Chairman Dennis Muilenburg said: "We remain focused on accelerating productivity, quality and safety improvements across the company, executing our future development programmes and capturing new business." | |
Boeing's shares dropped by 0.8% in pre-market trading. |