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Boeing revenues rise on commercial aircraft deliveries | Boeing revenues rise on commercial aircraft deliveries |
(about 1 hour later) | |
Boeing's total revenues rose 8% to $20.5bn (£12.2bn) in the first quarter, driven by an increase in commercial aircraft deliveries. | Boeing's total revenues rose 8% to $20.5bn (£12.2bn) in the first quarter, driven by an increase in commercial aircraft deliveries. |
The company delivered 161 commercial aeroplanes in the three months to 31 March, a rise of 18% compared with the first quarter last year. | The company delivered 161 commercial aeroplanes in the three months to 31 March, a rise of 18% compared with the first quarter last year. |
However, Boeing's revenues from military aircraft and space systems fell 6% to $7.3bn. | However, Boeing's revenues from military aircraft and space systems fell 6% to $7.3bn. |
Revenues from Boeing's financial services arm also declined, to $82m. | Revenues from Boeing's financial services arm also declined, to $82m. |
Net profit in the first quarter of $965m was 12.7% lower compared with the same period a year earlier, but better than most analysts expected. | |
The aerospace firm also raised its profit forecast for 2014. | |
The increase in Boeing's first quarter deliveries was flattered by the fact the aircraft manufacturer delivered just one 787 Dreamliner in the first three months of last year. | |
Deliveries were halted after two incidents in which batteries on the planes burned, prompting regulators to ground the global Dreamliner fleet. | |
In total, Boeing delivered 137 commercial planes in the first quarter of last year. |