Boeing reported first-quarter net income of $965 million, down 12.7% from a net profit of $1.12 billion in the year-ago period. The profit drop was mostly due to weakness in the military aircraft sector, but the Commercial Airplanes unit posted across-the-board improvement. Boeing Commercial Airplanes’ first-quarter operating profit increased 23% year-over-year to $1.5 billion on a 19% rise in revenue to $12.74 billion. Boeing delivered 161 commercial aircraft in the three months ended ...

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