Richard Anderson

Faster production of jets pushes up Boeing's profits

Faster production of commercial jets continues to drive profits at the Boeing Co., which saw earnings jump 25 percent in the third quarter. It also raised its earnings outlook for the year.

The Chicago-based company on Wednesday posted a $1.7 billion net profit, up from $1.36 billion during the same period last year.

Boeing said it earned $2.47 per share. Earnings excluding certain pension expenses? came to $2.52 per share. The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.22 per share.

Commercial jet manufacturing is playing a larger and larger role at Boeing, also known for...