Boeing says top end of 2023 cash flow goal 'a bit pressured'

BOEING Co’s finance chief said on Thursday (May 25) that the top end of its full-year free cash flow forecast was “a bit pressured”, in part due to supply-chain problems at its ailing defence business.

However, the plane maker is keeping its 2023 free cash flow forecast of US$3 billion to US$5 billion, CFO Brian West said at a conference organised by Wolfe Research.

Boeing has also begun to deliver “reworked” 737 jets out of its inventory after a manufacturing snafu involving supplier Spirit AeroSystems Holdings Inc forced the plane maker to halt deliveries of some jets.

Boeing’s shares were up about 1 per cent after briefly turning negative on Thursday. REUTERS