Boeing profit up on rising plane deliveries

Wed Jul 25, 2012 7:44am EDT
 
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(Reuters) - Boeing Co (BA.N: Quote) reported an increase in second-quarter profit on Wednesday as rising airplane deliveries offset higher pension costs.

The plane maker and defense contractor reported a profit of $967 million, or $1.27 per share, compared with $941 million, or $1.25 per share, in the year-ago quarter.

Sales rose 21 percent to $20 billion, boosted by commercial aircraft sales.

(Reporting by Bill Rigby in Seattle; Editing by Lisa Von Ahn)

 
The Boeing logo is seen on a Boeing 787 Dreamliner airplane in Long Beach, California March 14, 2012. REUTERS/Lucy Nicholson