Boeing Co posted a better-than-expected 13 percent jump in second-quarter profit on Wednesday, July 24, and raised its full-year forecast to reflect rising deliveries of commercial jets and strong foreign orders for military aircraft, according to Reuters.

The news sent Boeing shares up 1.6 percent in early trading to an all-time high, overshadowing concern about a fire aboard an Ethiopian Airlines 787 at London's Heathrow airport earlier this month.

The entire 787 fleet was grounded for more than three months earlier this year due to the overheating of lithium-ion back-up batteries. The latest fire was unrelated to those batteries and appeared to pose a minimal financial risk to investors, analysts said. Regulators cleared the 787 to fly again in April.

Boeing said it booked $40 billion in new orders in the latest quarter, including for the Dreamliner 787-10, a stretch version of its new, carbon-composite plane.

The company delivered 16 787 aircraft in the quarter, up from six a year earlier. Commercial aircraft deliveries totaled 169, up from 150 a year earlier.

For the full year, Boeing said it now expects revenue of $83 billion to $86 billion, up from previous guidance of $82 billion to $85 billion. The increase reflects defense sales, mainly foreign orders.

The company's forecast for commercial plane deliveries this year was unchanged at 635 to 645.

Boeing reported free cash flow of $3.01 billion in the second quarter, significantly higher than the $552 million it reported a year earlier.

Net income was $1.09 billion, or $1.41 per share. Excluding one-time items, it earned $1.67 per share.

Revenue rose 9 percent to $21.8 billion. Commercial aircraft revenue rose 15 percent.