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 Boeing profit boosted by strong aircraft orders

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Join date : 2010-09-22

PostSubject: Boeing profit boosted by strong aircraft orders    Wed Oct 20, 2010 11:59 am

Boeing has attracted 241 orders for its commercial planes in the three months to September
Boeing, the world's largest plane maker, bounced back into profit in the third quarter of 2010 and booked a net 221 plane orders in the period.

The company made net income of $837m (£531m) for the three months to September, after a loss of $1.56bn for the same period in 2009.

Much of last year's loss was due to a one-off charge because of delays to new planes.

Its new plane, the 787 Dreamliner, has suffered delays for two years.

The first 787 plane is now scheduled for delivery to Japan's All Nippon Airlines in the first quarter of 2011.

The commercial aircraft division, which competes fiercely with Europe's Airbus, has orders for 3,400 craft on its books, worth $255bn, including 847 for the Dreamliner.

Revenue for the division was 11% higher at $8.7bn.

But the defence division fared less well, with revenue falling by 6% to $8.2bn.

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