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Boeing Swings To Profit On Strong Commercial Airplane Results

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By Calvin Biesecker Boeing [BA] yesterday said its third quarter earnings swung to a profit on higher aircraft deliveries and strong operating performance in its commercial airplanes sector, which more than made up for a drop in sales and profits at the company's defense division. Net income was $837 million, $1.12 earnings per share (EPS), versus a $1.6 billion ($2.23 EPS) loss a year ago, which stemmed from a research and development reclassification on the 787 passenger aircraft program and…

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