Boeing Co.
Boeing Reports First Quarter 2024 Financial Results
Summary
The Boeing Company reported first quarter 2024 revenue of $16.6 billion, a GAAP loss per share of ($0.56), and a core loss per share (non-GAAP) of ($1.13). The results reflect lower 737 deliveries and 737-9 grounding considerations. The company's total backlog grew to $529 billion, and cash and investments totaled $7.5 billion at quarter end. Boeing is taking actions to improve quality and safety in its commercial business.
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About Boeing Co.
Boeing Co. is a global leader in aerospace and defense, renowned for its significant contributions to the aviation industry. The company designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. Beyond commercial aircraft, Boeing provides products and services to the defense and space sectors, including military aircraft and advanced technology systems. This dual focus allows Boeing to operate at the intersection of commercial aviation and defense industries. As the manufacturer of some of the world’s most widely used aircraft, such as the 737, 777, and the Dreamliner series, Boeing plays a crucial role in international air travel and cargo transit. Its innovations impact various industries, including manufacturing, national defense, and space exploration. Headquartered in Chicago, Illinois, Boeing remains a pivotal player in advancing technological frontiers and supporting global infrastructure through its aerospace and defense capabilities.
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