Summary
US aircraft manufacturer Boeing - arch-rival of Airbus - yesterday said quarterly profit fell due to a previously announced charge on a delayed military plane contract, but it held to its financial forecasts for this year and next, citing strong global demand for its commercial planes and military equipment.
Boeing, along with Airbus, part of EADS, is hoping high oil prices will spur demand for its new fuel-efficient planes, but shares of both companies have suffered over the past few months as investors worry that prolonged increases in oil prices will prompt a global recession.See the full content of this document
Extract
Boeing Hit by Charge On Delayed Deal ; Aerospace
Boeing, which beat Airbus i...
See the full content of this document
Sponsored links
