Boeing Co said on Wednesday fourth-quarter profit rose a greater-than-expected 4 percent, helped by higher commercial plane deliveries, and said its delayed 787 Dreamliner was on track to meet its new schedule.
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Boeing rode continued momentum from its commercial airplane business to a 4% increase in fourth-quarter profits Wednesday, topping Wall Street’s expectations despite ongoing concerns over delays in its 787 Dreamliner program.
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Boeing has scaled back its estimate of deliveries this year by about five planes because of the delay in the 787 program.
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Aerospace giant Boeing continues to be dogged by its delayed 787 Dreamliner super jumbo, reducing sales forecasts for 2008 as a result.
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US aerospace giant Boeing reported Wednesday record profits in 2007 and raised its outlook for 2008, saying productivity gains would offset delays in its 787 Dreamliner program.
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Boeing Co. said Wednesday its fourth-quarter profit rose 4 percent on higher commercial airplane deliveries and strong growth in defense earnings, beating Wall Street’s expectations despite ongoing concerns over delays in its 787 Dreamliner program.
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Boeing Co said on Wednesday fourth-quarter profit rose a greater-than-expected 4 percent, as higher deliveries of its commercial aircraft offset a dip in military sales due to the creation of a satellite launch joint venture.
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The Boeing Co. is providing few new details about the status of its 787 program, other than to say it is keeping to a revised schedule that should see first flight around the end of June. Boeing reported that fourth-quarter earnings rose 4 percent.
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An agreement between RJ and CIT Aerospace International, one of the largest aerospace financing and leasing companies, was signed for the operational lease of two Boeing 787s Dreamliner aircraft.
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Jan. 29 (Bloomberg) — Boeing Co.’s sixth straight quarter of profit may not be enough to satisfy investors jolted by two unexpected delays in the 787 Dreamliner program.
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