All of the sales and order announcements of the past six months have shown up in Boeing Co.'s (NYSE:BA) second quarter earnings announcement. The company reported strong quarterly EPS of $1.35, well above Thompson-compiled analyst expectations of $1.16 and 2006's year/year adjusted EPS of $.56. Operating earnings broke $1.5 billion.

The strong performance came primarily as a result of more plane deliveries and strong orders for the 787 Dreamliner. Orders in turn can be credited to airlines upgrading aging fleets and increased fuel costs, which make the efficient Dreamliner more desirable. The company finished the quarter with $279 billion in orders to be filled.

Much of the company's future rides on timely delivery of the Dreamliners, the first of which is scheduled for May of 2008, and the industry will be watching the final steps in development and production for the slightest hint of delay. The continued struggles of EADS's Airbus product development has also worked to Boeing's favor, although this situation may not continue.

In light of the strong second quarter, Boeing revised its guidance for 2007, projecting around $65 billion in revenue, with EPS of $4.80-4.95. In 2008, the company projects even rosier returns of $71-72 billion, EPS of $5.55-5.75.

While the trend has been evident for some time, money continues to flow into Boeing, up over 18% in the past six months. Even so, analysts continue to list the company as a buy.