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Boeing slows 777 wide-body output, boosts dividend by 30%

Production of the 777 will slow to five aircraft a month starting in August 2017 and some jobs will have to be cut, Boeing told employees on Monday.


BOEING Co gave investors bad news and good news as it unveiled deeper cuts to one of its biggest money-makers, the 777 jetliner - and then announced a 30 per cent dividend hike.

The shares responded like a yo-yo in trading after the close in New York, diving on news of the...

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