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Boeing Closes 2011 On Strong Note But 2012 Earnings Guidance Below Expectations

Defense Daily Staff Defense Daily Staff
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A soaring commercial aircraft business coupled with a modest assist from its defense business gave Boeing [BA] a strong finish to its 2011 fiscal year, although earnings guidance for 2012 is well below analysts’ projections. The world’s largest aerospace and defense company posted $19.6 billion in sales in the fourth quarter, up 18 percent from $16.6 billion a year ago mainly due to big sales gain at Boeing Commercial Airplanes. Net income rose 20 percent to $1.4 billion, $1.84 earnings…

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