Exhibit 99.1

Boeing Reports Third-Quarter Results and Raises 2012 Guidance

Table 1. Summary Financial Results

CHICAGO, October 24, 2012 – The Boeing Company [NYSE: BA] reported third-quarter net income of $1.0 billion, or $1.35 per share, on continued strong core performance and revenue of $20.0 billion. Increased earnings at Commercial Airplanes and Defense, Space & Security were more than offset by higher pension expense of $194 million ($0.18 per share). Earnings per share guidance for 2012 was raised to between $4.80 and $4.95. The company also raised its revenue guidance to between $80.5 and $82 billion on higher Defense, Space & Security revenue, and increased its 2012 operating cash flow outlook to greater than $5.5 billion.

“Strong core operating performance drove increased earnings in both our major businesses, along with higher overall revenues, improved cash flow, and solid earnings per share even as pension headwinds rose,” said Boeing Chairman, President and

1

Chief Executive Officer Jim McNerney. “Our Defense, Space & Security business maintained double-digit margins in a challenging environment while Commercial Airplanes continued to build momentum with 787 deliveries and 737 MAX orders. Underpinned by our solid performance to date and positive outlook, we are raising our year-end guidance for revenue, earnings and operating cash flow. We remain well positioned for long-term growth with a clear focus on quality, productivity and disciplined program execution,” McNerney said.

Table 2. Cash Flow

Boeing’s quarterly operating cash flow before pension contributions* was $2.3 billion. Operating cash flow was $1.6 billion, with higher commercial airplane deliveries and strong operating performance more than offsetting continued investment in the 787 program and discretionary pension funding. Free cash flow* was $1.2 billion in the quarter (Table 2).

Table 3. Cash, Marketable Securities and Debt Balances

Cash and investments in marketable securities totaled $11.2 billion at quarter-end (Table 3), up from $10.3 billion at the beginning of the quarter. Debt was $11.2 billion, unchanged from the prior quarter.

Total company backlog at quarter-end was $378 billion, up from $374 billion at the beginning of the quarter, and included net orders for the quarter of $24 billion.

2

Segment Results

Commercial Airplanes

Table 4. Commercial Airplanes Operating Results

Boeing Commercial Airplanes third-quarter revenue increased by 28 percent to $12.2 billion on higher delivery volume. Operating margin was 9.5 percent, reflecting the dilutive impact of 787 and 747-8 deliveries and higher period costs partially offset by lower R&D (Table 4).

During the quarter, Commercial Airplanes began major assembly on the 787-9, and, in October, delivered the first 787 built in South Carolina.

Commercial Airplanes booked 369 net orders during the quarter. Backlog remains strong with approximately 4,100 airplanes valued at $307 billion.

3

Boeing Defense, Space & Security

Table 5. Defense, Space & Security Operating Results

Boeing Defense, Space & Security’s (BDS) third-quarter revenue was $7.8 billion, while operating margin was 10.5 percent (Table 5).

Boeing Military Aircraft (BMA) third-quarter revenue decreased to $3.8 billion, driven by delivery mix. Operating margin increased to 11.7 percent, on strong performance across various programs. During the quarter, BMA was awarded the P-8A low rate initial production contract III with the U.S. Navy, while the first P-8I aircraft for the Indian Navy began its official flight test program.

Network & Space Systems (N&SS) third-quarter revenue decreased to $2.0 billion, driven by lower volume on Brigade Combat Team Modernization. Operating margin was 8.1 percent. During the quarter, N&SS was awarded a contract to build and launch the tenth Wideband Global Communications satellite, while the second Intelsat 702 medium power satellite was launched and is on orbit.

Global Services & Support (GS&S) third-quarter revenue increased to $2.1 billion, primarily due to higher volume in training systems. Operating margin decreased to 10.7 percent, reflecting lower earnings in integrated logistics. During the quarter, GS&S was awarded a follow-on upgrade contract from the U.S. Air Force for the B-1 bomber.

Backlog at BDS was $71 billion, more than two times the unit’s projected 2012 revenue.

4

Additional Financial Information

Table 6. Additional Financial Information

At quarter-end, Boeing Capital Corporation’s (BCC) portfolio balance was $4.1 billion, unchanged from the beginning of the quarter. BCC’s debt-to-equity ratio was 5.0-to-1.

The “Other” segment includes unallocated activities of Engineering, Operations and Technology, Shared Services Group as well as certain intercompany guarantees provided to BCC. Other segment expense was $74 million in the quarter compared with Other segment income of $92 million in 2011 due to a $141 million gain in the third quarter of 2011 from an upgraded credit rating assigned to certain financing receivables.

The loss in unallocated items and eliminations increased due to higher pension expense. The third quarter of 2011 included a $161 million charge for post-retirement medical. Total pension expense for the third quarter was $583 million, as compared to $389 million in the same period last year.

5

Outlook

The company’s 2012 financial guidance (Table 7) has been updated to reflect the strong core performance in both businesses.

Table 7. Financial Outlook

Earnings per share guidance for 2012 increased to between $4.80 and $4.95, up from between $4.40 and $4.60, reflecting the strong core operating performance. Total company 2012 revenue increased to between $80.5 and $82 billion, from between $79.5 and $81.5 billion, on higher Defense, Space & Security revenues. Operating cash flow guidance for 2012 is now expected to be greater than $5.5 billion, up from greater than $5 billion.

6

BDS’s revenue guidance increased to between $32.5 and $33 billion, from between $31.5 and $32 billion, reflecting increased volume. BDS’s operating margin is now greater than 9.25 percent, up from greater than 9 percent.

BCC’s return on assets is now expected to be approximately 1.0 percent, up from approximately 0.5 percent.

Capital expenditures for 2012 have been reduced to approximately $1.8 billion, down from approximately $2.0 billion.

Based on current interest rates and market conditions, pension expense in 2013 is estimated to be approximately $3.5 billion, of which approximately $1.8 billion is expected to be recorded in unallocated items and eliminations. 2013 pension expense will be determined at year end based on market conditions at that time.

Non-GAAP Measure Disclosures

Management believes that the non-GAAP (Generally Accepted Accounting Principles) measures (indicated by an asterisk *) used in this report provide investors with important perspectives into the company’s ongoing business performance. The company does not intend for the information to be considered in isolation or as a substitute for the related GAAP measures. Other companies may define the measures differently. The following definitions are provided:

Operating Cash Flow Before Pension Contributions

Operating cash flow before pension contributions is defined as GAAP operating cash flow less pension contributions. Management believes operating cash flow before pension contributions provides additional insights into underlying business performance. Table 2 provides a reconciliation between GAAP operating cash flow and operating cash flow before pension contributions.

7

Free Cash Flow

Free cash flow is defined as GAAP operating cash flow less capital expenditures for property, plant and equipment additions. Management believes free cash flow provides investors with an important perspective on the cash available for shareholders, debt repayment, and acquisitions after making the capital investments required to support ongoing business operations and long term value creation. Free cash flow does not represent the residual cash flow available for discretionary expenditures as it excludes certain mandatory expenditures such as repayment of maturing debt. Management uses free cash flow internally to assess both business performance and overall liquidity. Table 2 provides a reconciliation between GAAP operating cash flow and free cash flow.

8

Caution Concerning Forward-Looking Statements

# # #

Contact:

Investor Relations:   Stephanie Pope or Matt Welch (312) 544-2140

Communications:     Chaz Bickers (312) 544-2002

9

The Boeing Company and Subsidiaries

Consolidated Statements of Operations

(Unaudited)

The Boeing Company and Subsidiaries

Consolidated Statements of Financial Position

(Unaudited)

The Boeing Company and Subsidiaries

Consolidated Statements of Cash Flows

(Unaudited)

The Boeing Company and Subsidiaries

Summary of Business Segment Data

(Unaudited)