Boeing (BA +2.1%) faces a contraction in defense sales, chief Jim McNerney says on the company's...

|About: The Boeing Company (BA)|By:, SA News Editor

Boeing (BA +2.1%) faces a contraction in defense sales, chief Jim McNerney says on the company's earnings call: "We are in an era of significant fiscal restraint with our U.S. government customers." But the firm is seeing both passenger and freight markets rebounding quicker than anticipated, particularly in emerging markets. (BA earnings)