Boeing Reports Second-Quarter EPS of $1.35 and Raises 2007 Outlook

Second-quarter revenues rose 14 percent to $17.0 billion on higher airplane deliveries
Net income grew to $1.1 billion and EPS increased to $1.35 per share on higher volume and productivity gains
Operating cash flow increased 49 percent to $3.6 billion
Backlog expanded to a record level of $279 billion
2007 revenue, EPS, and cash flow guidance increased on stronger commercial airplanes outlook, more than offsetting higher R&D forecast