Boeing's Q1: Loss Narrows, Revenue Surges

0:00It's April 22nd, Canada news today starts now, AI powered and ready. Boeing just dropped its first quarter numbers, and it's a step up from last year. They posted a $7 million loss, downsharp from $31 million in the same period. Revenue climbed 14% to $22.2 billion, while cashburned E's to $1.5 billion from $2.3 billion. That turn around ties straight to steadier commercial airplane production after early year hiccups. CEO Kelly Orberg says the systems locked in, ready to push 737 MAX output from 42 to 47 planes monthly this summer. All three divisions, commercial, defense, and services saw revenue bumps with no big charges hitting the books. Orberg sounded pumped in his employee note, highlighting top first quarter delivery since 2019, and wins like launching NASA's Artemis. Two mission around the moon, the per share loss shrank to 11 cents from 16 cents, signaling

1:02real momentum across the board. Challenges linger though, like certification holds on the MAX 7, MX 10, and 777X, with deliveries eyed for 2027. Meanwhile, defenses heating up amid the Iran conflict, with Boeing gear like tankers and missiles in heavy use, plus a new deal to triple pack 3, seeker output over 7 years. Boeing stacking wins and steadying the ship, positioning for bigger gains as production ramps and orders flow.