US airline giant Boeing's third-quarter revenue increased seven per cent to $23.8 billion (£14.85 billion) on higher deliveries.

The company announced that core earnings per share guidance for 2014 has increased to between $8.10 and $8.30, from $7.90 to $8.10, on continued strong operating performance. 

"With three solid quarters behind us and confidence in our ongoing performance, we are increasing our earnings per share outlook for 2014," said Boeing chairman and chief executive officer Jim McNerney.

The company's order backlog was valued at a record high of $490 billion at the end of the third quarter, up from $440 billion at the beginning of the quarter.

Orders were added for 501 commercial airplanes during the quarter, while the company launched the high-capacity 737 MAX 200 and secured a NASA contract for the Commercial Crew programme.