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Earnings, Sales Fall At Boeing On 737 MAX Woes But Defense Business Solid In First Quarter

Cal Biesecker By
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Earnings, Sales Fall At Boeing On 737 MAX Woes But Defense Business Solid In First Quarter
Boeing President and CEO Dennis Muilenburg. Photo: Boeing

As expected, Boeing [BA] on Wednesday reported lower sales and earning stemming from a halt in deliveries and flights of its 737 MAX passenger aircraft but the pain from that issue was softened by gains in the defense and services segments. “I want to be very clear, when it comes to resource questions and applications of resources, our top priority is the safe return to service of the 737 MAX,” Dennis Muilenburg, chairman, president and CEO of Boeing, told investors…

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