Boeing incurred four more aircraft cancellations than orders booked and customers deferred delivery of 60 aircraft in the first quarter, for which it reported net income of $610 million, down 49.6% from $1.21 billion in the year-ago period. Chairman, President and CEO Jim McNerney told reporters and analysts yesterday that the "steep global economic downturn" affected earnings but insisted the manufacturer is a "solid company" well-positioned to weather the "challenging environment." Boeing ...

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