Boeing (BA) CFO Smith Sees 'Upward Pressure' in 737 Production Output

Boeing (NYSE: BA) CFO Greg Smith spoke at a Jefferies conference today. In part, the executive issued the following commentary:

• Smith feels "pretty good" about Boeing's backlog
• He sees a "pipeline of opportunities" for 767 orders
• Sees "upward pressure" on 737 factory output; Boeing is looking at whether or not to take 737 production rates above 52 per month in 2018
• Sees "pretty good" demand for 777 aircraft and expects to sell about 40 to 60 777 classic models per year
• Sees 787-10 sales hurt by production slots
• Boeing's 787 production system no longer needs "surge line"
• Boeing switched the surge line to 777 output; won't affect 787 production
• The company is working on projects aimed at increasing 787 productivity
• Smith sees "modest" rebound in the global air cargo market
• Smith expects continued cash flow growth as aircraft production improves

You May Also Be Interested In

• Northcoast Research Downgrades Boeing (BA) to Sell, 'Waiting for the final chapter'
• Sana Biotechnology (SANA) Announces Resignation of Douglas Williams
• Verastem Oncology (VSTM) Appoints John Hayslip to Chief Medical Officer