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Boeing 2007 profits almost doubled

US aerospace giant Boeing has said its 2007 net profit soared by 84% compared with 2006 to a record $4.07 billion. This was despite flat sales in the fourth quarter.

Profits were boosted by higher commercial aircraft deliveries, strong growth in military earnings and productivity gains, the company said.

Boeing's fourth-quarter net profit was just over $1 billion, ahead of analysts' expectations.