Boeing Reports Second-Quarter 2005 Results;Updates Outlook

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2005-07-28 11:46

Seoul--(뉴스와이어)--The Boeing Company [NYSE: BA] today(CHICAGO, July 28, 2005) reported second-quarter 2005 net income of $566 million, or $0.70 per share, on revenues of $15.0 billion. Strong operating results offset primarily non-cash charges totaling $0.09 per share related to the sale of the Commercial Airplanes’ operations in Wichita and Tulsa to Onex.

“Second-quarter results reflect Boeing’s focus on strong execution and improved operational efficiency,” said Jim McNerney, Boeing Chairman and CEO. “Integrated Defense Systems delivered solid revenue growth and excellent margins driven by strong performance across its broad portfolio of defense, space and intelligence programs. Commercial Airplanes grew revenues by twenty percent and generated solid operating margins while finalizing 376 orders and achieving key milestones on the 787 program. Our cash flow was outstanding. Due to improving commercial markets and strong operating performance from the Boeing team, we are raising our financial outlook.”

Financial Highlights:
· Earnings Per Share (EPS)
- $0.70

· Revenue
- $15.0 billion

· Operating Cash Flow
- $2.7 billion

Operating Highlights:
· Integrated Defense Systems (IDS)
- IDS generated strong revenue growth and outstanding margins through excellent program execution; successfully completed major program milestones on FCS, P-8A (MMA), and the J-UCAS programs; delivered first AH-64 Apache Longbow to Israel; announced joint venture with Lockheed Martin for government launch business.

· Boeing Commercial Airplanes (BCA)
- BCA delivered strong performance on deliveries of 85 airplanes; captured 376 gross orders including key wins from customers around the world; concluded sale of Commercial Airplanes’ operations in Wichita, KS, and Tulsa, OK to Onex; finalized 787 aerodynamic configuration- working toward firm configuration.

· Other Boeing businesses
- Other Boeing businesses performed well as Boeing Capital continued to improve returns and reduce portfolio risk and Connexion by Boeing grew availability to more than 100 daily flights.

웹사이트: http://www.boeing.co.kr