Boeing Hits Sales Record

2018 proved to be a good year for Boeing as the airplane maker posted sales more than $100 billion for the first time in its 102-year history. The rise in sales was a result due to the increase in commercial and military jet deliveries.

The airline giant also expects 2019 to be even better.

Concerns about trade disputes did not seem to concern the leading exporter as sales rose by 8% to $101 billion and topped forecasts. The company also expects sales this year to come in between  $109.5 and $111.5 billion.

Delivery reached a record of 806 commercial jets in 2018, an increase nearly 6% from the year before. Lifted revenue in the unit saw an increase of 5% and income from commercial jets by 45%.

While sales in its defense, space and security business rose by 13% for the year, the unit still reported a lower income and thinner profit margins. However, strong earnings from commercial jets allowed fourth quarter income to far exceed Wall Street forecasts.

Shares of Boeing has been recorded as one of the best performers on the Dow so far in 2019, showcasing an increase of 6% while shares has already seen an increase of 14%.

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