A basic operating profit of $ 1.45 per share, which is 59% less than a quarter ago. The results reflect lower 737 deliveries, partly offset by higher defense and service volume.
Segment revenue: commercial aircraft -67%; Defense, Space and Security + 2%; Global Services + 14%.
For the purposes of the Q3 results, the Company has accepted that the regulatory approval for the return to service of the 737 MAX will commence in the fourth quarter and that it will gradually increase the 737 production rate from 42 per month to 57 per month by the end of 2020.
Commercial aircraft delivered 62 aircraft. Given the current global trading environment, the 787 production rate will be reduced to 1
Operating cash flow of ($ 2.4 billion); pays dividends of $ 1.2 billion; $ 10.9B cash and tradable securities provide strong liquidity.
BA + 1.4% pre-sale