Boeing reports Q2 Commercial Airplanes revenue $6B vs. $8.84B last year

Reports Q2 Commercial Airplanes deliveries 92 vs. 136 last year. Commercial Airplanes second quarter revenue of $6B and operating margin of (11.9%) primarily reflect lower deliveries and planned higher period costs, including research and development. During the quarter, the company submitted its comprehensive safety and quality plan to the Federal Aviation Administration. The 737 program gradually increased production during the quarter and still plans to increase production to 38 per month by year end. The 787 program maintains plans to return to 5 per month by year end. In July, the company announced an agreement to acquire Spirit AeroSystems, and the 777X program began FAA certification flight testing after obtaining type inspection authorization.