Boeing upbeat over plane sales

BOEING said yesterday that a pension expense larger than Wall Street had anticipated would weigh on its 2012 earnings, but it handed investors good news with expectations for increased aircraft deliveries this year.

The world’s largest aerospace and defence company reported fourth-quarter net profit of $1.4bn, compared with $1.2bn a year earlier.

The company, which competes with Airbus for orders, said revenue had risen to $19.6bn and that it expects to deliver 585 to 600 commercial airplanes in 2012.