Boeing Considers Everett Program Shift

By Michael Mecham
Source: Aviation Week & Space Technology

Although the 787 battery-related groundings have kept Boeing in the headlines for three months, the company is gaining, not losing, 787 orders and its stock has risen 14% since January. Smith says the full cost to the company of the 100,000 engineering hours devoted to developing and testing the battery fix is “minor” compared to overall R&D expenditures, although he declined to put a price on it.

While first-quarter revenues were off 3% at $18.9 billion, earnings per share rose 18% to $1.44 and net income is up 20% at $1.1 billion. BCA accounts for most of that, but Boeing Defense, Space and Security saw its operating margins increase 1.3 points to 10.3% and earnings from operations rise 12% to $832 million.

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