Boeing reports profit, raises outlook, shares up

(Reuters) - Boeing, which vies with Airbus for the title of world's biggest plane maker and is the Pentagon's No. 2 supplier, reported quarterly profit of $1.1 billion, or $1.35 per share, compared with a loss of $160 million, or 21 cents per share, in the year-ago quarter.




Revenue rose 14 percent to $17 billion.


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