For weeks, stocks of the traditionally boom & bust aviation industry have been Wall Street favorites. This week, as four of the nation's biggest planemakers released 1953 earnings, the reasons were plain: not only were profits at or near record levels, but the industry's backlog (nearly $17 billion) assured at least two more years of financial feasting.
Boeing's sales (i.e., deliveries of aircraft) rocketed to an all time high of $918,245,946, up 25% over 1952. Profits after taxes also were a record $20,318,178, an increase of 44% over 1952. Net earnings amounted to...
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