Boeing reported a surge in first-quarter profits on Wednesday and lifted its full-year earnings forecast following a strong performance in commercial aviation and defense programs. The results again reflect broad health in commercial aviation as the airline industry enjoys a more stable financial period and as flying becomes much more common in the Middle East, Asia and other developing regions. A big player in China, Boeing has often been seen as vulnerable to a trade war between the United States and China, a possibility that topped Wall Street's list of worries earlier this month but has receded of late amid softer rhetoric between Washington and Beijing.
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