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Air Force

Strong Operating Performance Lifts Boeing In Second Quarter

Defense Daily Staff

Thursday, July 28th, 2011

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Boeing [BA] yesterday reported strong second quarter financial results driven by sales growth at its Commercial Airplanes segment and margin improvements at the commercial and defense segments. “Strong operational performance drove double-digit margins at both of our major businesses and produced outstanding results in the quarter,” Jim McNerney, Boeing’s chairman, president and CEO, said in a statement. Net income jumped 20 percent to $941 million, $1.25 earnings per share (EPS), from $787 million ($1.06 EPS), as overall margins rose nearly…

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