India, Oct. 27 -- Aerospace and defense major Boeing Co. reported Tuesday that its third-quarter net loss narrowed sharply, while it recorded an operating profit, compared to prior year's loss, amid lower expenses and higher revenues. Commercial Airplanes revenue, meanwhile, dropped from last year, despite higher deliveries.
In the morning trading on the NYSE, the shares were losing 3.64 percent, at $181.45.
Kelly Ortberg, Boeing president and chief executive officer, said, "Recent milestones, including certification of the 737-7 and 737-10 and selection to design and build the Navy's sixth-generation fighter aircraft, are important steps as we continue building on our progress. But we are not done. We remain focused on safety and quality...