NEW YORK (Standard&Poor's) Jan. 31, 2007--Boeing Co. (A+/Stable/A-1) reported net income, adjusted for tax benefits and discontinued businesses, of $889 million for the fourth quarter ended Dec. 31, 2006, compared with net income of $587 million for the same period in 2005, as revenues rose 26%. Standard&Poor's Ratings Services said this announcement has no impact on its ratings (which were raised to the current level on Nov. 3, 2006) or outlook on Boeing. The commercial airplanes segment contributed majority of revenue and earnings gains, benefiting from 30 more deliveries and ongoing productivity enhancements. Record aircraft orders and backlog support higher deliveries and margin expansion forecast for 2007 and 2008. The integrated defense systems (IDS) segment's revenues
