Boeing Profit Soars in Q4
Boeing announced financial results for the fourth quarter of 2013 as well as for the year.
The Chicago-based aircraft manufacturer reported that fourth-quarter earnings were up 26% to $1.23 billion, citing higher deliveries of commercial aircraft. For the year 2013, earnings were up 18% to $4.59 billion. The latest period included a $406 million charge that stemmed from the settlement of its A-12 fighter jet litigation.
Revenue for the quarter was up 7% to $23.79 billion and up 6% for the year, to $86.62 billion.
Boeing said it expects to see revenue of $87.5 billion to $90.5 billion in 2014. It expects to deliver between 715 and 725 commercial aircraft this year, up from 648 in 2013.
(Photo: Accura Media Group)