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Boeing's Profit Rises On Higher Deliveries

Boeing reported a 19 percent rise in fourth-quarter profit, helped by booming demand for commercial aircraft.

Boeing's net profit rose to USD$1.47 billion in the quarter from USD$1.23 billion a year earlier.

Revenue increased by 3 percent to USD$24.47 billion.

The company forecast operating cash flow of more than USD$9 billion for 2015, up from USD$8.86 billion reported for 2014.

The company's airliner deliveries rose to 723 in 2014 from 648 the previous year, topping those by rival Airbus.

Commercial aircraft deliveries rose 13 percent to 195 in the fourth quarter ended December 31.

(Reuters)