(Sharecast News) – Boeing beat analyst forecasts for the second quarter as commercial aircraft deliveries drove revenues on the back of increased production, although losses in the defence and space operations pushed the company into a loss.
Boeing added that it planned to move to higher production of its Max aircraft to 38 a month from 31 and reiterated its 737 delivery forecast of 400 – 450 planes this year.
The defense, space and security unit reported a loss of $527m for the quarter, down from a profit a year ago.
Boeing’s $149m loss compared with net income of $160m. Revenue rose 18% to $19.75bn, more than the $18.59bn analysts expected.
Reporting by Frank Prenesti for Sharecast.com