 Boeing has reported strong gains in military and space revenue |
US aerospace giant Boeing has unveiled strong quarterly earnings, lifted by robust military sales. Boeing earned $623m (�352m), or 77 cents per share, in the first quarter, compared with a loss of $478m, or 60 cents per share, a year earlier.
The firm added that future prospects were brighter thanks to rising commercial jet deliveries and unexpectedly low pension expenses.
Boeing announced the final go-ahead for its 7E7 passenger jet earlier this week.
Defence gains
Boeing, which fell behind European rival Airbus in commercial plane orders for the first time last year, said it expected to deliver about 300 planes in 2005, up from an estimated 285 in 2004.
The company said revenue rose to $13bn from $12.3bn last year, with a $1.1bn gain in military and space revenue offsetting a $370m decline in commercial jet revenue.
A federal tax refund added 12 cents per share to profit in the quarter.
In early morning trade on the New York Stock Exchange, shares in Boeing were up 60 cents, or 1.4%, at $44.15.
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