Wednesday, 25 October 2017

Boeing raises its forecasts for profit this year



Boeing has raised its forecasts for profit this year, despite a charge of $329m over the KC-46 aerial refuelling tanker.

 
The aircraft manufacturer now expects to earn $12.5bn (£9.4bn) in 2017, up from its last forecast of $12.25bn.


The KC-46 aircraft is in the late stages of testing and certification - a process that has been more costly than Boeing originally thought.


Boeing delivered a record 202 commercial aircraft in the quarter.


That contributed to a a 1.7% rise in sales during the period. However, net income dropped 19% to $1.9bn.
Chairman Dennis Muilenburg said: "We remain focused on accelerating productivity, quality and safety improvements across the company, executing our future development programmes and capturing new business."




BBC     News.