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Boeing profit up on rising plane deliveries
July 25, 2012 / 11:41 AM / 5 years ago

Boeing profit up on rising plane deliveries

July 25 (Reuters) - Boeing Co reported an increase in second-quarter profit on Wednesday as rising airplane deliveries offset higher pension costs.

The plane maker and defense contractor reported a profit of $967 million, or $1.27 per share, compared with $941 million, or $1.25 per share, in the year-ago quarter.

Sales rose 21 percent to $20 billion, boosted by commercial aircraft sales.

Reporting by Bill Rigby in Seattle; Editing by Lisa Von Ahn

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