24-Apr-2014 11:41 AM
Boeing Commercial Airplanes 1Q2014 highlights
Boeing Commercial Airplanes reported (23-Apr-2014) the following financial highlights for 1Q2014
- Revenue: Increased 18% year-on-year to USD12.7 billion, on higher 787 and 737 deliveries;
- Operating margin: Improved to 11.8%, up 0.4 percentage points, reflecting the delivery volume and mix and lower period costs partially offset by higher R&D;
- Earnings from operations: Improved 23% to USD1.5 billion.
Operational highlights for 1Q2014:
- Delivered 161 aircraft, up from 137 in 1Q2013;
- Booked 235 net orders during 1Q2014;
- 787 programme reached a 10 per month production rate during 1Q2014;
- Completed preliminary design review on the 787-10;
- Boeing selected the Everett, Washington site as the location for a new composite wing centre for the 777X;
- In Apr-2014, the 737 programme reached a production rate of 42 per month;
- Backlog remains strong with over 5100 aircraft valued at USD374 billion. [more - original PR]