Boeing Company (NYSE: BA) released its second quarter 2011 financial results on July 27.
The company reported it earned $1.24 per share, an 18 percent increase from the $1.06 figure it reported for the second quarter of 2010.
Boeing’s net income grew 20 percent year-over-over to $941 million from $787 million.
The company also saw revenues grow six percent to $16.5 billion from $15.6 billion, over that period.
“Strong operational performance drove double-digit margins at both of our major businesses and produced outstanding results in the quarter, ” said Jim McNerney, Boeing’s chairman, president and CEO. “We also made major progress toward certification and delivery of the 787 Dreamliner and 747-8 and continued our disciplined increases in commercial airplane production rates. Our outlook for the year has strengthened as our team continues its relentless focus on productivity improvement, cash management and program execution.”
