Boeing reported a first-quarter core loss of $0.20 per share on revenue of $22.2 billion. This loss was significantly narrower than analyst consensus estimates. Company shares rose in trading following the announcement.
Revenue for the Defense, Space & Security segment increased 20.7% to $7.6 billion. The division's backlog reached a record $86 billion. High demand for PAC-3 missiles drove growth amid global geopolitical tensions.
Boeing’s total company backlog hit a record $695 billion. This figure includes orders for more than 6,100 commercial airplanes.