Published 1 year ago

Problem-plagued Boeing sets ambitious turnaround targets

Summary by Ground News

Boeing officials vowed Wednesday to significantly increase airplane production and cash flow in the next few years as the company seeks to recover from two deadly crashes and years of mistakes in its airline and defense businesses. Boeing said it expects to boost revenue to $100 billion and generate $10 billion in annual cash flow by 2025 or 2026. That upbeat forecast is based on raising production of its best-selling plane, the 737 Max, from 31 to 50 per month and moving beyond billions of losses in fixed-price contracts for the Pentagon.

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Associated Press News

Problem-plagued Boeing sets ambitious turnaround targets

1 year ago·United States

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abc News

Problem-plagued Boeing sets ambitious turnaround targets

Boeing is promising Wall Street that it will make big improvements in airplane production and cash-flow generation in the next few years

1 year ago·United States

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MY Northwest

Problem-plagued Boeing sets ambitious turnaround targets

Boeing officials vowed Wednesday to significantly increase airplane production and cash flow in the next few years as the company seeks to recover from years of mistakes in its airline and defense businesses.The aircraft maker said it expects to boost revenue to $100 billion and generate $10 billion in annual cash flow by 2025 or 2026. That upbeat forecast is based on raising production of its best-selling plane, the 737 Max, from 31 to 50 per m…

1 year ago·Tacoma, United States

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Star Tribune

Problem-plagued Boeing sets ambitious turnaround targets

1 year ago·Minneapolis, United States

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WPLG

Problem-plagued Boeing sets ambitious turnaround targets

Boeing officials vowed Wednesday to significantly increase airplane production and cash flow in the next few years as the company seeks to recover from two deadly crashes and years of mistakes in its airline and defense businesses.Boeing said it expects to boost revenue to $100 billion and generate $10 billion in annual cash flow by 2025 or 2026. That upbeat forecast is based on raising production of its best-selling plane, the 737 Max, from 31 …

1 year ago·Miami, United States

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