Boeing 1Q report

CHICAGO - Boeing Co. reported first quarter net income of $0.6 billion with earnings per share of $0.86 which includes the previously announced $0.38 per share reduction from revised twin-aisle commercial airplane production rates and lower price escalation forecasts. Revenue rose 3 percent to $16.5 billion on higher commercial airplane deliveries and higher volume in defense. (Source: Boeing, 04/22/09) Gulf Coast note: Boeing has operations in New Orleans and Northwest Florida.