The Boeing Co. as a whole may be suffering indigestion from its recent mergers, but its aircraft and missiles division made a good, early post-consolidation showing with $1.2 billion in profits on $13 billion in business in 1998. The division's cost-cutting initiatives made defense Boeing's major profit center last year by meeting a self-imposed goal of reducing expenses $1 billion and pegging executive performance bonuses to the reduction. For 1999, management has upped the ante with ...


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