Aviation giant, Boeing has said that it has recorded a better than expected profits during the second quarter of the year backed by higher sales of its commercial airplanes and increased exports of military equipment.

The company said that its profits rose 13 per cent during the quarter, indicating a strong recovery for the commercial jet sales worldwide. The company has said that it is increasing its forecast for earnings for the year from $5.10 to $5.30 a share to a revised $5 to $5.20 a share. It expects to generate revenue of $83 billion to $86 billion compared to $82 billion to $85 billion estimated earlier.

The company has been able to improve its earnings by focusing on cutting costs and expanding in the foreign markets. The stronger than expected results also showed that the company has not been affected much by the problems with its new 787 Dreamliners. Boeing has been the dominant player in the market with its 787 but the aircraft has seen issues with lithium ion batteries that had forced airlines to ground their fleets for months.

Boeing delivered 16 additional 787s in the second quarter and it is expected to deliver 60 Dreamliners this year to airlines around the world.