Boeing's 2006 4Q Profits Skyrocket | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.05.25

Airborne-NextGen-05.06.25

AirborneUnlimited-05.07.25

Airborne-Unlimited-05.01.25

AirborneUnlimited-05.02.25

Fri, Feb 02, 2007

Boeing's 2006 4Q Profits Skyrocket

Planemaker Doubles 2004 Final Quarter Returns

Boeing is truly soaring on wings of gold lately. In recent news the company beat out rival Airbus in the annual airliner order race for the first time since the first part of this decade. Now the industrial giant reports its fourth-quarter profits beat Wall Street expectations -- in a spectacular fashion!

In fact, Boeing beat forecasts by enough to bump its stock prices by 4 percent to $89.64 in its largest one-day rally since early November.

The company says its fourth-quarter revenues climbed 25 percent to $17.5 billion pushing earnings to $989 million. Quarter four profits for the prior year were $460 million.

"2006 was a very good year for Boeing," Chief Executive Jim McNerney said in a statement. "We achieved new records in revenue, cash flow and backlog, and overcame some meaningful challenges by focusing on improving productivity and meeting our commitments."

Boeing gives the main credit for its 2006 success to its commercial airplane and integrated defense systems businesses. It says its fourth-quarter gains were due to strong business performance, only partially offset by an additional charge on the Airborne Early Warning & Control program.

Overall on the year, Boeing's 2006 profits dropped 14 percent to $2.2 billion from its 2005 figure of $2.6 billion, despite a revenue increase of 15 percent. The company saw revenues of $61.5 billion last year.

Helping the stock boost was a rosy outlook from the company; Boeing predicts two more years of solid growth, and with a backlog on its order books topping $250 billion, it's easy to see why.

All in all, things are rosy for the Chicago company. If its predictions hold true, and the planemaker manages to stick to an ambitious delivery schedule for its upcoming 787 Dreamliner, the next few years could be among the best in its history.

FMI: www.boeing.com

Advertisement

More News

ANN's Daily Aero-Linx (05.06.25)

Aero Linx: International Federation of Airworthiness (IFA) We aim to be the most internationally respected independent authority on the subject of Airworthiness. IFA uniquely combi>[...]

ANN's Daily Aero-Term (05.06.25): Ultrahigh Frequency (UHF)

Ultrahigh Frequency (UHF) The frequency band between 300 and 3,000 MHz. The bank of radio frequencies used for military air/ground voice communications. In some instances this may >[...]

ANN FAQ: Q&A 101

A Few Questions AND Answers To Help You Get MORE Out of ANN! 1) I forgot my password. How do I find it? 1) Easy... click here and give us your e-mail address--we'll send it to you >[...]

Classic Aero-TV: Virtual Reality Painting--PPG Leverages Technology for Training

From 2019 (YouTube Edition): Learning To Paint Without Getting Any On Your Hands PPG's Aerospace Coatings Academy is a tool designed to teach everything one needs to know about all>[...]

Airborne 05.02.25: Joby Crewed Milestone, Diamond Club, Canadian Pilot Insurance

Also: Sustainable Aircraft Test Put Aside, More Falcon 9 Ops, Wyoming ANG Rescue, Oreo Cookie Into Orbit Joby Aviation has reason to celebrate, recently completing its first full t>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC