Wednesday, January 27, 2010

Boeing posts 4Q net income of $1.3 billion

Even amidst an economic downturn where airlines were cash-strapped to purchase new aircraft, cut routes, and even park airplanes, and with a new administration seeking to curtail the unchecked defense budget of the past administration, Boeing still managed to post a modest gain during the fourth quarter of 2009.  Net income for 4Q 2009 totaled $1.3 billion, a significant change compared to last year's 4Q "loss" of $86 million.  Revenue in the 4Q also rose to $17.9 billion from $12.7 billion.  Total revenue for all of 2009 was $68.3 billion, compared to last year's total of $60.9 billion.  The official earnings report is provided in the link below.

Boeing 2009 Earings Report

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