Boeing (BA) shares surged before the stock market open Wednesday after the aerospace and defense contractor posted fourth-quarter results that solidly outpaced analyst expectations, boosted by strong demand across its business units. “Our team remains focused on winning through innovation, driving growth and productivity and extending our position as the world’s leading aerospace company,” Boeing CEO Dennis Muilenburg said in a statement. In the quarter ended Dec. 31, Boeing’s net income nearly doubled to $3.13 billion, or $5.18 per share, from $1.63 billion, or $2.59 per share, a year ago.

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Boeing reports results