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| Boeing revenue rebounds sharply | Boeing revenue rebounds sharply |
| (30 minutes later) | |
| Aircraft maker Boeing has reported a sharp jump in fourth quarter revenues, up 42% to $17.9bn (£11bn). | Aircraft maker Boeing has reported a sharp jump in fourth quarter revenues, up 42% to $17.9bn (£11bn). |
| The rise, which came despite the poor economic climate, meant it reported better-than-expected fourth quarter net income of $1.27bn. | |
| The company made a loss of $86m in the same period the previous year, partly because of a labour strike. | The company made a loss of $86m in the same period the previous year, partly because of a labour strike. |
| Boeing's commercial aircraft division reported fourth-quarter revenues of $9.2bn, double that of 2008. | Boeing's commercial aircraft division reported fourth-quarter revenues of $9.2bn, double that of 2008. |
| For 2009 as a whole, Boeing's revenues rose 12% to $68.28bn, while net income halved to $1.31bn. | For 2009 as a whole, Boeing's revenues rose 12% to $68.28bn, while net income halved to $1.31bn. |
| "We put a strong finish on 2009 by getting the 787 in the air and generating solid core operating performance across the company," said Jim McNerney, Boeing chairman and chief executive. | "We put a strong finish on 2009 by getting the 787 in the air and generating solid core operating performance across the company," said Jim McNerney, Boeing chairman and chief executive. |
| However, the company disappointed investors with its cautious assessment of the prospects for 2010. | However, the company disappointed investors with its cautious assessment of the prospects for 2010. |
| The Commercial Airplanes division is expecting to deliver between 460 and 465 airplanes, fewer than the 481 it delivered in 2009. | The Commercial Airplanes division is expecting to deliver between 460 and 465 airplanes, fewer than the 481 it delivered in 2009. |
| These include the first few deliveries of the 787 and 747-8 planes, which are planned for the end of 2010. | These include the first few deliveries of the 787 and 747-8 planes, which are planned for the end of 2010. |