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Business/Financial

Lower Taxes, Commercial Aircraft Business Drive Strong Earnings At Boeing

By Cal Biesecker

Wednesday, July 25th, 2018

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Lower Taxes, Commercial Aircraft Business Drive Strong Earnings At Boeing

A KC-46 tanker refuels an F/A-18 fighter during testing. (Boeing photo)

Boeing [BA] on Wednesday posted higher earnings in the second quarter due to lower taxes, higher operating profit at its commercial aircraft business, and to a lesser extent its year-old services segment, and sales were also higher on gains across all the company’s segments.Boeing generated the higher profit despite a previously disclosed charge related to litigation with Spirit AeroSystems [SPR] and more than $400 million in charges related to cost growth on the Air Force’s KC-46 aerial refueling tanker program…

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