NEW YORK (Standard&Poor's) July 25, 2007--Boeing Co. (A+/Stable/A-1) reported net income from continuing operations of $1,049 million for the second quarter ended June 30, 2007, compared with net income of $754 million for the same period in 2006, which excludes a legal settlement and Airborne Early Warning&Control aircraft charges; revenues rose 14%. Standard&Poor's Ratings Services said the earnings report has no impact on its ratings or outlook on Boeing. In addition to higher commercial airplanes deliveries (114 versus 97) in the 2007 period, earnings benefited from ongoing productivity improvements in that segment, which offset increased R&D spending, mostly on the 787 program. Record jetliners backlog and more efficient operations support higher deliveries and margin
