Boeing Swings to Profit

People fly ever day for work, vacation, or normal daily activities. I have read dozen of articles in my life that states the safety of airplanes. We, as Americans, never questions how these planes are made. Boeing is a company that makes countless number of planes each year. Boeing is known for the workmanship of Air Force One, as well as, its innovation and technology. Even with all these changes, Boeing was able to still increase its revenue due to recent demands in commercial planes.

Boeing has made a gigantic turnaround from last year’s profit loss of 1.56 billion, which is equivalent to 2.23 earnings per share. What did Boeing do so differently from last year? In 2010, revenue rose from 16.69 to 16.97 billion. Analyst speculates that the increase in commercial aircraft is responsible for the revenue jump. The strength in the commercial sector offsets the declining sales in the military division.

This year Boeing invested heavily in research and development. The company decided to revamp its older planes to make them more marketable to today’s buyers. With the military sector rapidly declining, Boeing has to find different ways to substitute for the company’s missing profits.   

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