Aerospace Group:

Boeing’s Profits Soar On Commercial Aircraft Gains

DDN

Thursday, October 25th, 2007

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By Calvin Biesecker Boeing [BA] yesterday posted a 61 percent increase in net income on the back of its commercial aircraft making business and company raised its financial expectations for this year based on improving performance and lower corporate costs. However, delays in the first flight and deliveries of the new 787 Dreamliner passenger jet forced Boeing to cut its financial forecast for 2008. Most of the initial production revenues associated with that program will slip into 2009. While the…

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