Boeing’s Q1 2017 financial report shows higher earnings and operating cash flow compared to Q2 2016. However, revenue decreased to $21 billion, which the company said reflects the timing of commercial and defense deliveries.
"With a sharp focus on performance and productivity, our team delivered another quarter of solid financial results, including year-over-year earnings growth and strong operating cash flow," said Boeing's chairman, president and CEO, Dennis Muilenburg. "In turn, we continued to position Boeing for growth with investments in new products and services, innovation, and our people, while again demonstrating our commitment to return significant cash to our shareholders."
Boeing pointed out that it achieved major milestones in Q1 2017, including certification of the 737 MAX 8 and first flight of the 787-10 Dreamliner. It also named a multi-billion-dollar military contract for Apache support as a milestone. Boeing said it remains on track to achieve full-year revenue, earnings and cash flow targets.