The Business Times
business-time-50

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

google-preferred-sourceAdd BT as a preferred source
Published Thu, May 25, 2023 · 10:24 PM
    • The plane maker is keeping its 2023 free cash flow forecast of US$3 billion to US$5 billion, said its chief financial officer Brian West.
    • The plane maker is keeping its 2023 free cash flow forecast of US$3 billion to US$5 billion, said its chief financial officer Brian West. PHOTO: REUTERS

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    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.

    BoeingAviation

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    Air India has been one of the foreign carriers most affected by the outbreak of hostilities in the Middle East.

    Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss

    In this economy, the smartest bets might no longer be sitting an ocean away, but are waiting right here at home.

    ‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival

    Malaysia Madani, or Civil Malaysia, is Prime Minister Anwar Ibrahim's slogan encapsulating positive values (such as humanity and strong governance) that would shape policy direction. But the "corporate mafia" claims have now cast the spotlight on governance credibility.

    From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?

    Malaysia ranks 23rd globally on the Milken Institute’s global opportunity index.

    South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More