Boeing profit falls on military plane charge

updated 7:55 a.m. ET July 23, 2008

CHARLOTTE, N.C. - Boeing Co said on Wednesday quarterly profit fell as a previously announced charge on a delayed military plane contract offset higher commercial plane deliveries.

The world’s largest plane maker in terms of orders reported second-quarter net profit of $852 million, or $1.16 per share, compared with $1.05 billion, or $1.35 per share, in the year-ago quarter.

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