Boeing shares rose as high as $38.90, up $2.86, in morning trade!

Boeing shares rose as high as $38.90, up $2.86, in morning trade

http://biz.yahoo.com/rb/031029/trans...g_earns_7.html

In a statement, Boeing touted military sales as an offset to
slumping commercial jet deliveries, which are projected at 280
this year, down from 381 in 2002 and 527 in 2001 amid a steep
travel slump pounding many airlines.

"The timing of a civil aviation delivery recovery remains
uncertain and will likely be no earlier than 2005," Boeing said.


Once dominated by its market leading commercial jet business,
Boeing has diversified extensively and now draws most of its sales
and profits from fighter jets, military transports, high tech
weapons and other defense programs.

In a teleconference with analysts and journalists, Boeing
Chairman Phil Condit said he expects to book an unspecified number
of jet orders before the end of the year, including the tanker
order, and expects more orders from Asian airlines in 2004.

"You can see from the stock that the market was encouraged that
they are maintaining the delivery forecasts and also Phil's
comments about demand from Asia picking up in '04," said Bob
Toomey, an analyst at RBC Dain Rauscher.
Despite a backlog of just 41 orders for Boeing's flagship 747
jumbo jet, Condit said he saw enough demand to avoid shutting down
the line.

"I don't see having to make a (shutdown) decision there for a
number of years," he said. ...