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Business/Financial

Boeing’s Sales, Income Fall On Declines At Commercial And Defense

DDN

Thursday, July 29th, 2010

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By Calvin Biesecker As expected, Boeing [BA] yesterday reported lower sales and earnings in the second quarter on fewer planned commercial aircraft deliveries, less work on an Army ground combat system and a missile defense program, and lower margins at its commercial and defense divisions. Boeing maintained its financial guidance for 2010 with a "prudent" level of cushion built in should unforeseen difficulties arise in its major commercial development programs, the 787 Dreamliner and a new 747 variant, the 747-8.…

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