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Satnews Daily
October 20th, 2010

Boeing... Financially Speaking...


[SatNews] The Boeing Company (NYSE: BA) reported Q3 net income of $0.8 billion, or $1.12 per share, on revenue of $17.0 billion. The results reflect higher Commercial Airplanes volume and strong performance across the company's core businesses (see the table below). Results in 2009 were impacted by a 787 R&D reclassification ($2.60 per share) and a 747 charge ($0.99 per share). The company increased its 2010 earnings per share guidance to between $3.80 and $4.00 per share and operating cash flow guidance to greater than $1.5 billion reflecting the continued strong performance in its Commercial Airplanes business. Revenue guidance was narrowed to between $64.5 billion and $65.5 billion. Boeing's quarterly operating cash flow was $1.9 billion, reflecting strong operating performance and timing of certain receipts and expenditures. For the first nine months of 2010, operating cash flow was $1.8 billion. Free cash flow was $1.6 billion in the quarter and $1.1 billion year-to-date. To read the entire financial report, access http://boeing.mediaroom.com/index.php?s=43&item=1474.