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Connexion-Related Charge Hurts Boeing’s Third Quarter Bottom Line

Submit on Thursday, October 26th, 2006 11:00

Charges related to the shut down of the Connexion satellite Internet unit pushed Boeing Co.’s profit lower in the 2006 third quarter, the company announced Oct. 25. Boeing posted a profit of $694 million in the quarter which closed Sept. 30, down from earnings of $1 billion in the same period in 2005…

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