Wednesday, January 27, 2010

Boeing 4Q report

The Boeing Co. reported fourth-quarter net income of $1.3 billion as revenue rose 42 percent to $17.9 billion. Current period results reflect solid performance across core businesses and represent a significant improvement over the year-ago quarter, which included a labor strike and a charge on the 747 program. Revenue for the full year reached a record $68.3 billion. (Source: Boeing via PRNewswire, 01/27/10) Gulf Coast note: Chicago-based Boeing has activities in the Gulf Coast region.