NEW YORK (Standard&Poor's) July 27, 2005--Boeing Co. (A/Stable/A-1) reported net income from continuing operations of $566 million for the second quarter ended June 30, 2005, compared with $586 million for the same period in 2004, which included an approximately $185 million gain related to a tax refund. Standard&Poor's Ratings Services said this announcement has no impact on its ratings or outlook on Boeing. The company's core units delivered strong operating results. The integrated defense systems segment improved its operating margin (after D&A) to 10.5% from 9.7% on a modest gain in revenues. The commercial airplanes business remained moderately profitable, with higher deliveries offsetting increased R&D spending on the new 787 jetliner and a charge related to
