Boeing Profit Soars in Q4

By Paul Riegler on 29 January 2014
  • Share
A Boeing Dreamliner used for testing

A Boeing Dreamliner used for testing

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)

Accura News

Read previous post:
JetBlue Posts Higher Profit in Q4

JetBlue Airways, the nation’s fifth largest airline, announced financial results for 2013 as well as for the fourth quarter. The...