Boeing says most 787 Dreamliner battery costs absorbed in Q1

NEW YORK, April 24 Wed Apr 24, 2013 11:35am EDT

NEW YORK, April 24 (Reuters) - Boeing Co said on Wednesday that most of the costs associated with fixing the 787 Dreamliner battery system were reflected in first-quarter results released earlier in the day.

"We managed to absorb this," Chief Financial Officer Greg Smith said in a conference call. The costs were included partly in research and development costs for the quarter, which fell compared with a year earlier. The cost will be spread over a about 1,100 planes, and that number will increase slightly, Smith said, without providing a figure.

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