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Backlog helps Boeing cut currency risks

Published Wed, Feb 5, 2014 · 10:00 PM
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[CHICAGO] Boeing Co, the world's largest planemaker, says that it's cushioned against currency market turmoil by an order backlog for its best-selling 737 jet that's large enough to keep factories busy for seven years.

Boeing can count on strong demand for the popular narrow-body jet to lessen the risks of order cancellations if currencies continue to plunge in developing nations from India to Indonesia, Beverly Wyse, a Boeing vice-president and 737 general manager, said on Tuesday in an interview at the Renton, Washington, factory where the jets are assembled.

While Boeing and Airbus Group NV have amassed record order books, investors and analysts are paying closer attention to large purchases planned by upstart carriers and questioning whether the aerospace market is headed for a correction after four years of growth.

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