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Boeing Posts Weak Quarter As Commercial Aircraft, Defense Earnings Fall

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By Calvin Biesecker Boeing [BA] yesterday posted weak second quarter financial results, driven in part by a previously disclosed charge on an international military aircraft program but also on an unexpected dip in commercial aircraft profits as company wide sales remained flat. The quarter "was the worst we have seen from Boeing in some time," JP Morgan aerospace and defense analyst Joe Nadol wrote in a brief research note ahead of the company's earnings call. Net income fell 19 percent…

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