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Boeing Off to ‘Good Start’ Financially in 2011, McNerney Says

Boeing (NYSE: BA) reported first-quarter  revenue of $14.9 billion in the firm’s latest financial report.

According to the firm, “operating margin of 6.7 percent reflects strong core performance across the company’s businesses on expected lower volumes and higher pension expense.”

“We’re off to a good start in an important year for our company, ” said Jim McNerney, Boeing chairman, president and chief executive officer.  “We delivered strong operating performance, made significant progress on 787 and 747-8 flight testing, and scored a major win on the U.S. Air Force Tanker program.  Our outlook remains positive, and our people are focused on meeting customer commitments, driving productivity and competitiveness gains, and capturing growth opportunities in our Commercial Airplanes and Defense, Space & Security businesses.”

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