Boeing 2010 earnings soar 142%

NEW YORK, Jan 26, 2011 – US aerospace giant Boeing reported Wednesday that earnings for the year 2010 soared 152 percent despite a marked downturn in the fourth quarter.

Boeing\’s full-year net income was $3.31 billion compared to $1.31 billion in 2009, helped by a more than doubling of its operating margin from 3.1 percent to 7.7 percent, and a one-off boost of a favorable 371 million tax settlement.

But fourth quarter net income fell to $1.16 billion from 1.27 billion a year earlier.