Boeing says top end of 2023 cash flow goal 'a bit pressured'
Add BT as a preferred source
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
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Yeoh Pei Xien: YTL’s third-gen scion with a pastor’s heart
UOB CEO’s youngest child Grant Wee turns burnout into a wellness business
Keppel H1 net profit drops 59% to S$155 million on impairments, M1 deal fallout; shares fall 4%
Singtel explores Nasdaq-SGX dual listing for data centre arm Nxera, local data centre Reit
