Boeing profit up on rising plane deliveries

CHICAGO, Wed Jul 25, 2012 – Boeing Co. reported an increase in second-quarter profit on Wednesday as rising airplane deliveries offset higher pension costs.
The plane maker and defense contractor reported a profit of $967 million, or $1.27 per share, compared with $941 million, or $1.25 per share, in the year-ago quarter.
Sales rose 21 percent to $20 billion, boosted by commercial aircraft sales.