Very strong positions in defense and military space sectors, with favorable growth prospects for the next several years. One of two global producers of commercial aircraft. Solid cash flow generation. Ample liquidity. Poor short- to intermediate-term demand prospects for commercial airplanes. Sizable unfunded postretirement obligations. Ratings on Chicago, Ill.-based Boeing Co. are supported by its position as one of two global producers of large commercial aircraft, generally favorable long-term fundamentals for that business, a very strong position in defense and military space with moderately attractive growth prospects, efficient operations, and expected good overall financial performance. The ratings also acknowledge currently weak demand for commercial airplanes and sizable unfunded postretirement liabilities. The Sept. 11, 2001, attacks, a sluggish global economy, the
