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Boeing’s Losses Narrow In First Quarter Amid Strong Sales; No ‘Undue Risk’ In F-47 Contract

Cal Biesecker By
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Boeing’s Losses Narrow In First Quarter Amid Strong Sales; No ‘Undue Risk’ In F-47 Contract
Artist rendering of F-47 NGAD. (Image: U.S. Air Force)

Boeing [BA] on Wednesday reported significantly lower losses in its first quarter as losses narrowed in its Commercial Airplanes segment and the defense and services segments notched modest gains, while sales were strong on an increase in commercial aircraft deliveries. Boeing’s earnings followed closely the company’s win last month over Lockheed Martin [LMT] to develop and produce the Air Force’s F-47 sixth generation air superiority fighter (Defense Daily, March 21). While the program is largely classified, the Air Force has…

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