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Business/Financial

Boeing Unit Advances, But Earnings From United Launch Alliance A Drag

DDN

Monday, April 27th, 2009

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The Boeing Co. [BA] saw its network and space systems unit advance operating margin profit by 7.7 percent, but lower earnings from the United Launch Alliance joint venture with Lockheed Martin Corp. [LMT] dulled the performance, Boeing announced. The company, the second-largest defense contractor, released its results for the January-March quarter of this year. Further, year-earlier results included a favorable settlement on a satellite program. Boeing also was wary in commenting on Secretary of Defense Robert Gates' proposed defense budget…

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