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Commercial aviation drives Boeing skyward

Commercial aviation drives Boeing skyward

Boeing has reported third-quarter revenue has increased nine per cent to $25.8 billion on record commercial deliveries.

Core earnings per share for the quarter increased 18 per cent to $2.52, reflecting strong performance across the company, and GAAP earnings per share was $2.47.

Core earnings per share guidance for 2015 increased to between $7.95 and $8.15, from $7.70 and $7.90 on continued strong operating performance.

GAAP earnings per share guidance for 2015 increased to between $7.65 and $7.85, from $7.60 and $7.80.

Operating cash flow guidance increased to approximately $9.5 billion.


Revenue guidance increased $0.5 billion to between $95.0 billion and $97.0 billion on higher commercial airplane deliveries.

Defence, Space & Security operating margin guidance increased to approximately ten per cent.

“By continuing to profitably deliver on our large and diverse backlog, we are driving strong growth in revenue, earnings and cash flow,” said Boeing president Dennis Muilenburg.

“Solid operating performance across our commercial and defence businesses during the quarter also supported our continued investment in innovation and our people, and our commitment to return cash to shareholders.

“Three quarters of solid results and confidence in our continued operating performance enabled us to raise our revenue, earnings per share and operating cash flow guidance for the year.

“Looking ahead, our teams remain focused on improving productivity and quality and delivering improved capabilities to meet our customers’ expectations.”