Boeing, the world's second-largest plane maker, has reported a smaller quarterly profit due to an 11% decline in commercial plane deliveries.
Boeing reported a first-quarter net profit of $519m, or 70 cents per share, compared with a year-earlier profit of $610m. But the figures were better than Wall Street estimates.
Revenue was $15.2 billion, down 7.8% from a year ago. The company reported an order backlog amounting to $315 billion.
The company, which suffered a drop in orders for its jetliners last year as well as military budget cuts, predicted it would earn $3.50 per share to $3.80 per share in 2010.
Boeing reiterated that the first delivery of its long-delayed 787 Dreamliner is still planned for the fourth quarter of 2010.
