The world’s largest aerospace company spent its year working to reclaim the ground it lost during its centennial. It has plenty to show for it: $94.6 billion in revenue and $76 billion in net new orders. Still, the reclassification of costs for two 787 Dreamliner flight-test airplanes, tough decisions around 747 production (slow sales led to unsold aircraft), and higher costs on developing models weighed on operating performance. Low oil prices have also relaxed customers’ need for new, fuel-efficient models. Still, reviving interest in the F/A-18 Super Hornet—sparked by none other than President Trump—may help revive the company’s fighter jet business.
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News about Boeing
“Our competition is relentless, and that has made clear our need as a company to reduce cost."
Boeing said its total of net new orders and commitments was 571. Airbus, 326.
The temperature in Arizona could reach 118.4 degrees Fahrenheit by this afternoon.
In its best-selling 737 aircraft range, after runaway sales of the Airbus A321neo.