Boeing yesterday reported "solid" first-quarter net income of $519 million, down 15% from a $610 million profit in the year-ago quarter, and touted "clear progress" on the 787 and 747-8F flight test programs including securing expanded Type Inspection Authorization late Tuesday on the Dreamliner from FAA. Chairman, President and CEO Jim McNerney said the company is nearing a decision on whether to increase the monthly 737 production rate beyond the current 31.5, noting that there has been ...

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