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Aircraft maker Boeing on Wednesday reported a net income of $1.65 billion in the second quarter of 2014, a 52 per cent increase compared to a year earlier.
Revenue rose 1 per cent to $22 billion in the quarter, the Chicago-based company said.
“Strong operating performance across our production programmes and services businesses drove revenue and earnings-per-share growth and healthy operating cash flow, which supported $1.5 billion in additional share repurchases in the quarter,” said Boeing Chief Executive Jim McNerney in the statement.
“We delivered our first 787-9 and our 8,000th 737, successfully completed a key missile defence intercept test and delivered our 100th EA-18G Growler to the US Navy,” he added.
Gains were partially offset by a $272 million charge related to the KC-46A aerial refuelling tanker programme. Completing the contract required additional engineering and systems installation work, the statement said.
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