Boeing has reported a 12.7% decline in its first-quarter net income to $965 million from a net profit of $1.12 billion in the year-ago period. The fall was caused by weakness in the military aircraft, while the commercial airplanes sector rose. Boeing Commercial Airplanes first-quarter revenue increased to $12.7 billion on higher 787 and 737 deliveries. First-quarter operating margin improved to 11.8 percent reflecting the delivery volume and mix and lower period costs partially offset by higher R&D, Boeing said. During the quarter, the 787 program reached a 10 per month production rate and completed preliminary design review on the
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