Boeing President and CEO Dave Calhoun stressed that safety now dominates Boeing’s efforts.
Ranji Sinha, KIRO 7 NewsSEATTLE — Boeing posted a multi-billion dollar loss in the third quarter of this year. Now, the company is trying to rebound and move back into positive territory.
Boeing has faced production delays and issues with certain contracts including defense contracts, and that has spooked some investors who maybe are looking to see what, if anything, Boeing can do to come out of this. Boeing executives said the company will try to ramp up production in the coming years — production that waned due to factory shutdowns during the COVID-19 pandemic. It also wants to get back to a stable delivery timetable.
The company has stressed that its free cash flow has been strong and executives this morning said that Boeing believes there will be even higher free cash flow in the coming year.For perspective, one executive said that manufacturing of the 737 could go from roughly 30-35 planes a month for the first six months to 40-45 planes a month in the latter half of 2023.
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