Boeing Profit, Revenue Increase in Year, Quarter
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An increase in airline travel sent Boeing Co. revenue and profit soaring in the fourth quarter of 1985 as well as for the year, the aerospace giant reported.
A statement issued by Boeing said net earnings amounted to $188 million on revenue exceeding $4.2 billion for the three months ending Dec. 31, compared to $124 million on more than $3.3 billion in revenue for the same period a year earlier.
For the year, Boeing reported more than $13.6 billion in revenue, up from less than $10.4 billion in 1984, and earnings of $566 million, compared to $390 million in 1984.
The company received new orders for 390 jetliners worth about $14.9 billion last year, compared to 169 planes for $5.8 billion in 1984.
Unfilled orders for jetliners as of Dec. 31 amounted to $24.7 billion, up from $21.5 billion at the same time a year earlier.
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