Boeing results dip
US plane-maker Boeing has reported a sharp profits dip in its second accounting quarter from April to June although sector analysts had feared worse.
Net profit for the three months was $787m (£504m), 21% lower than the $998m Boeing made in the same months last year. Sales, at $15.6bn were also lower, falling from $17.2bn last time.
The company said the results reflected a solid performance across the company's core businesses on lower volumes and reaffirmed its 2010 outlook.
CEO Jim McNerney said: "Continued strong results from our major businesses drove another solid quarter of operational performance for the company. We are making progress on key commercial and military development programs, our production programs and services businesses are running well, and our enterprise focus on productivity improvement is funding investment in growth while maintaining our financial strength."
"With our commercial markets recovering, and the priorities of our
government customers gaining clarity, we remain well positioned for growth in
2011 and beyond."
