Boeing Reaffirmed 2013 Forecast for Civil, Military Sales

1278

Boeing reaffirmed today its guidance for 2013 financial performance. The company reported strong revenue of $18.9 billion, reflecting higher deliveries of commercial aircraft, with net orders worth $20 billion in the past quarter, bringing the company’s backlog to a record $392 billion.

In the Defense, Space & Security’s (BDS) Boeing presented lower revenues of $8.1 billion, about half of the sales were generated by Boeing Military Aircraft (BMA) with first-quarter revenue was $4.1 billion, primarily reflecting lower revenue on the F-15 program, partially offset by higher C-17 and Apache deliveries. Operating margin increased to 10.5 percent, due to delivery mix. During the quarter, BMA delivered the first Indian Air Force C-17 to flight test and completed the second Phantom Eye flight. Boeing reaffirmed its forecast for sales of $82-$85 billion throughout the year, with commercial airplanes delivering $51-$53 billion in revenue and BDS delivering $30.5-$31.5 billion