US defence and aerospace firm Boeing has reported a sharp 21% drop in second quarter profits, due to falling revenue and fewer deliveries of aircraft.
The firm's Q2 profit was $787m, or $1.06 a share, though it was slightly better than analysts had expected.
Revenue fell 9% from a year earlier to $15.6 billion, below Wall Street expectations of around $16.3 billion.
But Boeing put a positive spin on the results, saying the company expected business to pick up as the economy moved past the worst of the recession, prompting new commercial and government orders.
