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ARLINGTON - Boeing (NYSE:BA) [NYSE:BA] reported second quarter revenue of $22.7 billion, up 35% from $16.9 billion a year earlier, primarily driven by increased commercial aircraft deliveries as the company continues its operational recovery.
The aerospace manufacturer delivered 150 commercial aircraft during the quarter, a 63% increase from 92 deliveries in the same period last year. The 737 program reached a production rate of 38 aircraft per month during the quarter, a key milestone in Boeing’s stabilization efforts.
Despite the revenue growth, Boeing recorded a GAAP loss per share of $0.92, compared to a loss of $2.33 in the second quarter of 2024. The company reported operating cash flow of $227 million, an improvement from negative $3.9 billion a year earlier.
"Our fundamental changes to strengthen safety and quality are producing improved results as we stabilize our operations and deliver higher quality airplanes, products and services to our customers," said Kelly Ortberg, Boeing president and chief executive officer, in the press release.
Commercial Airplanes revenue reached $10.9 billion, an 81% increase from the previous year, though the segment still reported an operating loss of $557 million. Defense, Space & Security revenue rose 10% to $6.6 billion, while Global Services revenue increased 8% to $5.3 billion.
Boeing’s total backlog grew to $619 billion, including over 5,900 commercial airplanes. The company booked 455 net commercial aircraft orders during the quarter, including significant orders from Qatar Airways and British Airways.
Cash and investments stood at $23 billion at quarter end, with consolidated debt of $53.3 billion.
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