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Boeing 2010 Earnings Soar 152%

Operating margin increased from 3.1% to 7.7%

Despite a marked downturn in the fourth quarter, Boeing reported on Jan. 26 that earnings for the year 2010 soared 152%.

Boeing's full-year net income was $3.31 billion compared to $1.31 billion in 2009, helped by a more than doubling of its operating margin from 3.1% to 7.7 %, and a one-off boost of a favorable $371 million tax settlement.

But fourth quarter net income fell to $1.16 billion from $1.27 billion a year earlier.

Copyright Agence France-Presse, 2011

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