Boeing’s revenue in the second quarter of this year increased by 8% compared to the same period last year, reaching 24.6 billion USD due to increased commercial aircraft deliveries and a higher number of orders in defense, space, and security sectors.
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Boeing reported a loss of 428 million USD, which was smaller than in the same period last year but larger than analysts had predicted.
These results include a 280 million USD loss related to the presidential aircraft “Air Force One” (VC-25B) program due to recorded delays and cost overruns. The initial 2018 contract planned to modify and equip two 747-8 aircraft for presidential needs.
Boeing also stated that certification work for the new 737 MAX and 777 model aircraft is proceeding according to the schedule set by US aviation regulatory authorities. Boeing said that the first of these aircraft – the 737 MAX 7 – is in the “final stage” of the process.
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Boeing CEO Kelly Ortberg said he is satisfied with the company’s progress.
“Our focus has been on restoring confidence. Although there is still much work ahead in the second half of the year, the momentum we have built continues to lead Boeing in the right direction,” he said.
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