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Earnings, Sales Fall In Fourth Quarter At Boeing

DDN

Thursday, January 27th, 2011

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By Calvin Biesecker Higher pension and research and development (R&D) expenses, fewer commercial and military aircraft deliveries, and less work on military upgrade and logistics programs drove a decline in fourth quarter earnings and sales at Boeing [BA], the company said yesterday. Operating earnings at Boeing's Commercial Aircraft segment plummeted 39 percent to $627 million on higher R&D expenses related to an electrical incident during a 787 flight-test last November and an expected decline in deliveries of 777 and 747…

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