Boeing earns $519M, sees "clear progress" on key models

04/22/2010 | Air Transport World · Seattle Times, The

Boeing Co. beat Wall Street expectations on Wednesday with first-quarter earnings that slipped 15% to $519 million. The company said much of the decline was due to an accounting charge related to new health care rules and cited "clear progress" on two key programs, the 787 Dreamliner and the 747-8. "We're starting to feel very confident" about flight test results from the 787, said Jim Albaugh, head of Boeing's commercial-airplanes division, adding that the plane was increasingly looking like the game-changer envisioned by the company.

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Air Transport World · Seattle Times, The

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