Boeing Defense turnaround helps company post record $101bn sales

Boeing’s revenue reached a record $101 billion in 2018, partly helped by a turnaround in the company’s defence unit, which won several large contracts thereby reversing more than a decade of declining sales. Boeing Defense, Space & Security’s revenue grew to $23.2 billion last year, rising 13% from the year prior, the company said in a financial filing. Though, the division’s profit declined 27% to $1.59 billion for the year.

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