News Summary: Boeing's better-than-expected 2Q

News Summary: Boeing posts better-than-expected 2Q as airplane deliveries speed up

Associated Press

BUILDING MORE PLANES: Boeing is speeding production of most of its big planes, and that is boosting profits.

FLYING HIGH: The shorter-haul 737 and the long-haul 777 are the main planes responsible for the profit boost. Boeing is accelerating production of both.

RAISING GUIDANCE: Boeing Co. boosted its full-year profit expectations in part because it's expecting slightly higher profit margins in its defense business.

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