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Pension Expense Weighs On Boeing’s Earnings But Outlook Raised On Strong Performance

Defense Daily Staff Defense Daily Staff
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Boeing [BA] yesterday reported a drop in net income despite a double-digit increase in sales in its third quarter as higher pension expense offset an otherwise strong performance at the company. Despite the lower net income, Boeing raised its earnings and sales guidance for 2012 given a strong performance so far this year and a bright outlook, said Jim McNerney, Boeing’s chairman, president and CEO. Net income slipped 6 percent to just over $1 billion, $1.35 earnings per share (EPS),…

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