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Boeing Turns First Profit in Almost 2 Years, Shares Jump 5 Percent

Boeing Turns First Profit in Almost 2 Years, Shares Jump 5 Percent Boeing Co on Wednesday posted its first quarterly profit in almost two years as revived domestic travel fueled 737 MAX deliveries, and shares rose 5 percent despite festering U.S.-China relations and depressed long-haul travel. The 737 MAX is integral to Boeing’s financial recovery. The U.S. planemaker is scrambling to recoup billions of dollars in lost sales from the pandemic and move beyond the safety scandal caused by two fatal 737 MAX crashes. It also must deal with structural defects of its bigger, more profitable 787 planes. Higher defense and services sales boosted results and Boeing still expects to turn cash flow positive in 2022. Shares were up roughly 5 percent at $234 in afternoon trading even as the Dow Jones Industrial Average dipped.

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Boeing (BA) Q2 2021 Earnings Call Transcript

Operator Thank you for standing by. Good day, everyone, and welcome to the Boeing Company s second-quarter 2021 earnings conference call. Today s call is being recorded. The management discussion and slide presentation, plus the analyst question-and-answer session, are being broadcast live over the Internet. [Operator instructions] At this time, for opening remarks and introductions, I m turning the call over to Ms. Maurita Sutedja, vice president of investor relations for the Boeing Company. Ms. Sutedja, please go ahead. Maurita Sutedja Vice President of Investor Relations Thank you, John. Thank you, and good morning. Welcome to Boeing s second-quarter 2021 earnings call. I m Maurita Sutedja, and with me today are David Calhoun, Boeing s president and chief executive officer; and Dave Dohnalek, Boeing s interim chief financial officer.

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Boeing s Defense and Space Division Gets Q2 Boost from Military Aircraft Sales

Boeing’s headquarters. Photo: Boeing Boeing‘s Defense, Space & Security division reported $6.9 billion in revenue in its second quarter 2021 (Q2) financial results, a 4% bump from the same time period in 2020. Most of these gains, however, were for military aircraft specifically the KC-46A Tanker and P-8A Poseidon. This revenue boost for the division came after a 19% revenue boost in Q1. For the first half (H1) 2021, Defense, Space & Security reported $14 billion in revenues, an 11% increase from the same time period in 2020. Backlog at Defense, Space & Security stands at $59 billion, and 32% represents orders from customers outside the U.S. The company highlighted that the first Core Stage for

David calhounCrew programUnited launch allianceCore stageLaunch systemBoeing presidentInternational space stationடேவிட் கால்ஹவுன்குழுவினர் ப்ரோக்ர்யாம்ஒன்றுபட்டது ஏவுதல் கூட்டணிகோர் நிலைஏவுதல் அமைப்புபோயிங் ப்ரெஸிடெஂட்சர்வதேச இடம் நிலையம்

Boeing reports increasing profits in second quarter

Boeing reports increasing profits in second quarter
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David calhounடேவிட் கால்ஹவுன்

Boeing bénéficiaire pour la première fois en 18 mois

Boeing bénéficiaire pour la première fois en 18 mois
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