Standard&Poor's ratings for Boeing Co. (AA-/Watch Neg/A-1+) are unchanged following the release of Boeing's results for the third quarter ended Sept. 30, 2001. Revenues were up a solid 15% and net earnings up 7% (14% before charges related to initial job cuts) for the period, reflecting gains in all three main operating units. In 2002, however, revenues are expected to fall to about $56 billion, some $6 billion lower than earlier projections, with free cash flow estimated at around $3 billion, down from an earlier expectation of $5 billion. These downward revisions stem from the severe impact the Sept. 11 terrorist attacks against the U.S. had on commercial aviation. As a result, Boeing now plans to deliver between
