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Strong defense unit earnings buoy Boeing third-quarter profit.
Knight Ridder/Tribune Business News, October, 2004
By David Bowermaster, The Seattle Times Knight Ridder/Tribune Business News
Oct. 28--Propelled by another potent performance from its defense unit, Boeing announced third-quarter results yesterday that surpassed investors' expectations as profits climbed 78 percent from a year ago.
The aerospace giant's continued financial success is a testament to its ability to diversify and insulate itself from the troubles buffeting large airlines that traditionally have been Boeing's most important customers.
Chairman Harry Stonecipher also credited the company's workers for staying focused on cutting costs and working efficiently.
"This team has been committed to restoring our reputation, but at the same time keeping their eye on the...
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