...$1.22 per share, on revenue of $19.4 billion.  Earnings per share rose 56 percent, reflecting continued strong core performance across the company's businesses, which more than offset higher pension expense (Table 1, below).  The results also include an increase in earnings of $0.11 per share related to a reduction in a litigation-related reserve.  Earnings per share guidance for 2012 increased to between $4.15 and $4.35 to incorporate the reduction in the litigation-related reserve.  The company reaffirmed its 2012 revenue and operating cash flow outlook.

"Strong core operating performance from our production programs and services businesses continues to drive expanded earnings, revenue and cash flow for Boeing," said Jim McNerney, chairman, president, and chief executive officer.  "We also grew our record backlog with more than 300 firm orders for our new 737 MAX, a contract award for 84 new F-15s for Saudi Arabia, and other key wins. Our outlook for the year remains positive, and our team is focused on meeting our commitments to customers, profitably increasing commercial airplane production and delivery rates, and building on our strong position in defense, space and security markets." To read the entire financial report, access this direct link.