The planemaker projected that Jetliner shipments will increase to as much as 815 this year, or up almost 7% year-over-year. Meanwhile, operating cash flow will increase to about $15 billion, Bloomberg reports.
Boeing is also forecasting its first sales growth in three years as it lifts 737 output by 11% and pockets the extra savings from U.S tax reforms.
Boeing is enjoying a boost from U.S. corporate tax cuts, which are taking effect just as the 787 Dreamliner begins to generate cash inflows after the planemaker suffered a decade of losses.
“It’s a very visible, must-own stock right now,” Carter Copeland, an analyst at Melius Research, told Bloomberg, adding that strong numbers across the board will probably entice more investors.
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