Boeing's Cash Surge Creates Rare Bright Spot Amid Industrial Woe
- Jetliner profit overshadows factory stumbles with 737 planes
- Defense business takes charges on tanker, recent contract wins
Photographer: Alex Flynn/Bloomberg
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Boeing Co. revved up cash flow and raised its profit forecast, soothing shareholder concerns over an operating loss in its defense business and production stumbles with the company’s best-selling 737 jets.
Free cash flow jumped 37 percent to $4.1 billion in the third quarter, more than double analysts’ estimates. The planemaker also reported higher-than-expected earnings, raised its annual profit forecast and predicted that sales would reach a record $100 billion.