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Boeing posts third-quarter profit of USD 837 million

WASHINGTON, Oct. 20 (KUNA) -- The Boeing Co. on Wednesday announced a third-quarter profit of 837 million dollars, based on sales of commercial planes.
Company officials said they plan to increase production rates of the 737, the top-selling Boeing aircraft, as orders and deliveries have begun growing amid recovery from the 2007-09 recession.
Boeing expects to deliver 460 commercial planes this year, and is aiming to deliver the new 787 in the middle of the first quarter of 2011, and the latest version of the 747 in the middle of next year, officials said.
Boeing obtains about half its revenue from commercial planes and half from defense, space and security. (end) rm.ajs KUNA 201859 Oct 10NNNN