Boeing reported a reduced net loss for the first quarter, driven by a 14% increase in total sales and improved delivery volumes. The company also signaled progress toward the certification of new 737 Max variants.
- Q1 net loss reduced to $7 million from $31 million a year prior
- Total revenue grew 14% to reach $22.22 billion
- Defense business revenue surged 21% to $7.6 billion
- Commercial unit delivered 143 aircraft, a 10% year-over-year increase
- Max 7 and Max 10 certifications anticipated by year-end
- Current 737 Max production rate remains at 42 units per month
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