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Boeing reported 1.1 billion USD profit for Q3 2011

The Boeing's profit for the third quarter exceeded analysts' expectations. The largest producer of aviation, aerospace and military equipment in the world said it realized a profit of 1.1 billion USD or 1.46 USD per share, in the period from July to September. For comparison, the same time last year the company reported a profit of 837 million USD, writes Reuters. The analysts expectations were that Boeing will realize a profit of 1.1 USD per share. Because of the economic situation, however, the company shrank its expectations for revenue in 2011 to 70 billion USD in the previous forecast of 71 billion USD. Despite a hint of skepticism in the third quarter the company's revenue increased to 17.7 billion USD. Orders of the company at the end of the quarter grew to 332 million USD for 323 million USD reported in early July. The revenue Unit of the Civil Aviation Boeing has increased to 9.5 billion USD for the growth of supply of aircraft. Earlier this month the company announced that it has shipped 127 machines in the period from July to September, including 100 aircraft from the model 737 and 21 - by 777. The number of aircraft delivered is slightly increased compared to the third quarter of last year when the account delivered 124 aircraft. The revenues of the division of Boeing Defense and Space technology in the third quarter were 8.2 billion USD, which is unchanged from last year.
Boeing announced its results a day after the first flight of the long-awaited 787 Dreamliner with a lightweight carbon fiber construction. The first such aircraft was delivered to All Nippon Airways last month after a 3-year delay in its construction. The first flight of aircraft is done in Tokyo route - Hong Kong.