Mercer Island Reporter


Boeing beats earnings forecast estimates

Mercer Island Reporter Staff
July 24, 2013 · 8:37 AM

The Boeing Co. has upped it's full-year earnings forecast after a strong second-quarter profit, thanks to higher aircraft delivers and lower 787 Dreamliner production costs.

The company shipped 169 commercial aircraft in the second-quarter, up 13 percent from a year before. The number includes 16 Dreamliners which were delivered after federal regulators cleared the plan to fly in April. Last year, the company delivered six of the same planes.

The boost is also thanks in part of a faster assembly pace for the 737s and 777s.

Revenue has risen 9 percent to $21.8 billion as the company delivered more 777 and 737 jets than in 2012.

Boeing has been working to lower manufacturing costs for the 787 as it continues to streamline the process of building each plane. Manufacturing costs dropped to $73 million each in the first quarter from $103 million last quarter.

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