updated 7/23/2008 7:55:29 AM ET 2008-07-23T11:55:29

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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