Boeing’s Q3 Revenue Remains Stable in Space Segment, Decreases Overall
The Boeing Company reported overall Third Quarter (Q3) revenue of approximately $20 billion, compared to revenues of $25.1 billion in Q3 2018. The company also reported GAAP earnings per share of $2.05 and core earnings per share (non-GAAP) of $1.45, reflecting lower 737 deliveries partially offset by higher defense and services volume.
Boeing’s Defense, Space, and Security segment Q3 slightly increased to $7.0 billion, compared to $6.9 billion in Q3 2018. This was primarily driven by higher volume on satellites, weapons, and T-7A Red Hawk (formerly T-X Trainer), partially offset by lower volume on F-15.
“Our top priority remains the safe return to service of the 737 MAX, and we’re making steady progress,” said Boeing President and Chief Executive Officer Dennis Muilenburg. “We’ve also taken action to further sharpen our company’s focus on product and services safety, and we continue to deliver on customer commitments and capture new opportunities with our values of safety, quality and integrity always at the forefront.”