Boeing announces successful third quarter results

In an early morning announcement it reported an operating margin of 9.7% which it said reflects continued strong core performance across the company's businesses, partially offset by higher pension expense. 

"Strong operational performance drove double-digit margins in both of our major businesses and produced an outstanding quarter," said Boeing chairman, president and chief executive officer, Jim McNerney.  "We also strengthened our foundation for accelerated growth by completing development and certification of the 787-8 Dreamliner and 747-8 Freighter, launching the new 737 MAX, and continuing our disciplined ramp up in commercial airplane production rates.  Our improved outlook for earnings reflects confidence in our market positions, and our team's relentless focus on productivity and disciplined execution."

The company increased its 2011 earnings per share guidance to between $4.30 and $4.40 per share reflecting the strong core performance.  Total company 2011 revenue is narrowed to between $68 and $70 billion.  Operating cash flow guidance is unchanged.