Boeing reported $19.56 billion in revenue for the fourth quarter of 2011, up 18 percent from a year ago.
Net income for the quarter totaled $1.39 billion, up 20 percent from $1.16 billion a year ago.
The results reflected continued strong core performance of the company’s businesses, a 52 cent per share impact related to a favorable tax settlement and higher pension expense.
“Strong fourth quarter operating performance, record revenue and backlog and expanded earnings and cash flow capped a year of substantial progress for Boeing in 2011,” Jim McNerney, Boeing chairman, president and CEO said in a statement.
Major accomplishments last year included winning the U.S. Air Force tanker program, launching the 737 MAX, an improved 737, and securing an important U.S. missile defense contract and an agreement for F-15s to Saudi Arabia, he said.
The company expects 2012 revenue from $78 billion and $80 billion.
