Aircraft manufacturer Boeing has posted a third-quarter profit of $837m.
Boeing had reported a sharp 21% profit drop in the second quarter, to $787m.
The third-quarter performance marked a major swing into profit compared with the same period in 2009, when the Chicago-based company posted a loss of $1.56 billion amid difficulties with its new 787 Dreamliner program.
Boeing reported revenue of $16.97 billion in the July-September period, up from $16.69 billion a year ago.
‘Our results and revised outlook reflect the continued strong performance of our commercial production and services programs and the ability of our defense businesses to produce solid results in a challenging environment,' Jim McNerney, Boeing chairman, president and chief executive, said in the earnings release.
‘Orders were particularly encouraging, with a multi-year production contract for 124 F/A-18 aircraft and more than 200 net commercial airplane orders booked in the quarter, increasing our backlog and demonstrating improved overall market confidence.’
