Search

Boeing Swings To Profit As Sales Fall In Second Quarter

Boeing Swings To Profit As Sales Fall In Second Quarter
Boeing President and CEO Dennis Muilenburg. Photo: Boeing

Boeing [BA] on Wednesday reported strong earnings results as it swung to a profit versus a year ago when it suffered from more than $2 billion in charges on commercial and military aircraft programs.Net income in the quarter was $1.8 billion, $2.89 earnings per share (EPS), versus a $234 million (37 cents EPS) loss a year ago. Core EPS, which excludes pension expenses, were $2.55, handily topping consensus estimates by 25 cents.Sales were down, as expected, to $22.7 billion, 8…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.



Contract Updates

Southeastern Kentucky Rehabilitation Industries (Corbin, Kentucky) – $14,312,903

Southeastern Kentucky Rehabilitation Industries,** Corbin, Kentucky, has been awarded a maximum $14,312,903 modification (P00008) to a five-year contract (SPE1C1-24-D-N017) with no option periods adding various boonie covers via conversion. This is a firm-fixed-price, indefinite-quantity contract. The ordering period end date…


Teradyne Inc. (North Reading, Massachusetts) – $16,723,189

Teradyne Inc., North Reading, Massachusetts, has been awarded a maximum $16,723,189 firm-fixed-price contract for circuit card assemblies. This was a sole-source acquisition using justification 10 U.S. Code 3204 (a)(1), as stated in Federal Acquisition Regulation 6.302-1. This is a one-year…


Ham Produce and Seafood Inc. (Honolulu, Hawaii) – $26,250,000

Ham Produce and Seafood Inc.,* Honolulu, Hawaii, has been awarded a maximum $26,250,000 fixed-price with economic-price-adjustment, indefinite-delivery contract for fresh fruits and vegetables. This was a competitive acquisition with three responses received. This is a five-year contract with no option…


Longbow LLC (Orlando, Florida) – $11,203,243

Longbow LLC, Orlando, Florida, was awarded an $11,203,243 modification (P00017) to contract W58RGZ-22-C-0053 for sustainment of the Apache AH-64D/E Model Fire Control Radar, including depot-level and supply support elements and program management functions. The modification brings the total cumulative face…