Boeing posts $1bn in Q3 earnings
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Boeing posts $1bn in Q3 earnings

Boeing posts $1bn in Q3 earnings

Boeing has reported higher-than-expected results for the third quarter earning $1bn, as its defence business improved and commercial aircraft deliveries surged, and the company raised its full-year forecast for the third time this year, Reuters has reported. The company raised its full-year earnings forecast to a range of $4.80 to $4.95 a share, compared with $4.40 to $4.60 previously. The airframe maker also said it was on track to deliver up to 600 commercial jets this year, compared with 477 in 2011. The commercial aircraft business delivered 22 more jets in the third quarter than a year ago, due in large part to 787 deliveries, opening a second 787 assembly line, and ramping up output of 737 and 777 jets.

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