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US-Based Aerospace Major Boeing Reports Over 13% Fall In Quarterly Profit
24 Apr 2019, 05:44 PM IST
Boeing reported lower first-quarter profits Wednesday as the global grounding of its 737 MAX plane following two crashes hit results.
The US aerospace giant reported $2.1 billion in profits, down 13.2 per cent from same period a year ago. Boeing also withdrew its full-year profit forecast due to uncertainty surrounding the 737 MAX.
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