Boeing sees 17% profit rise on strong defense sales

07/22/2009 | Google

Helped by lower costs and higher military sales, Boeing Co. said its profit rose to $998 million in the second quarter, a 17% surge. Sales in Boeing's defense unit were up 9%, while overall sales edged up just 1%. The company said its backlog of orders for commercial planes has fallen by $11 billion since May, and it promised an updated schedule for its much-delayed 787 in the third quarter.

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