Transportation
Boeing CEO Upbeat on Cash Goal, Says Quality Review Progressing
- Departing leader vows to leave no stone unturned in revamp
- FAA has tightened controls over embattled planemaker
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Boeing Co. Chief Executive Officer Dave Calhoun said the embattled planemaker is making progress toward turning around its manufacturing and that it will hit its mid-decade cash-flow goal, even after reporting a major outflow in the first three months of the year as it slows output.
Speaking in an interview with CNBC after Boeing reported first-quarter results, Calhoun said reaching $10 billion in annual free cash flow will take six months longer than previously anticipated, but “I still believe it will happen in that two-year window” set by Boeing for 2025 or 2026.