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Business

Boeing earnings fall

Published: 23 Jul 2015 - 08:36 am | Last Updated: 11 Jan 2022 - 11:02 pm

An August 2011 Boeing file photo shows a KC-46A tanker refueling F15s. US aerospace giant Boeing reported lower profits yesterday and trimmed its full-year forecast. Earnings for the second quarter fell 32.8 percent to $1.1bn. Revenues rose 11.3 percent to $24.54bn. The drop in profits was expected after Boeing said that it would take a $536m charge due to higher estimated engineering and manufacturing costs on KC-46A tanker.