The company delivered 105 commercial planes in the quarter, down from 112 a year earlier, as it struggled with problems that slowed production of the 737 Max passenger jet. He said the scaled-back forecast for 737 deliveries was not a surprise because problems with the aft pressure bulkhead on the planes were already known. Revenue rose 13% to $18.10 billion, topping analysts’ forecast of $18.01 billion.Ĭowen analyst Cai von Rumohr called it a “messy” quarter for the aircraft maker, but said investor reaction would be muted. Analysts expected a loss of $3.18 per share, according to a FactSet survey of analysts. The company also lost $315 million on a satellite contract.Įxcluding special items Boeing, based in Arlington, Virginia, lost $3.26 per share in the quarter. We’re getting past these hurdles and are committed to delivering two exceptional airplanes,” he said. “At the end of the day, we have two airplanes to build. In its government work, Boeing reported a $482 million loss on its contract with the Air Force to build two new presidential jets because of higher estimated manufacturing costs.ĬEO David Calhoun said the setbacks won’t affect performance of the planes, but that “any unplanned hurdles can introduce unrecoverable cost” in fixed-price contracts like the one Boeing agreed to for Air Force One.
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