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Boeing struggles with 787 production bottlenecks

By Alwyn Scott and Harriet McLeod SEATTLE/NORTH CHARLESTON, South Carolina (Reuters) - A 787 that rolled out of Boeing's factory in Everett, Washington, in January was hailed as an important milestone: the first Dreamliner built at a rate of 10 a month, the fastest for a twin-aisle jet.

Boeing sees 'tough' defense business climate, flat margins

By Alwyn Scott (Reuters) - Boeing Co <BA.N> expects its defense business to continue facing a tough environment with "flatish" profit margins, Chief Executive Jim McNerney said on Wednesday. A recent federal government budget deal has pushed off automatic spending cuts known as sequestration by two years, but "sequestration has not gone away," McNerney said at a Cowen & Co investment conference.

Boeing sees no bubble in 737 jetliner market

SEATTLE (Reuters) - Boeing Co <BA.N> said on Tuesday it sees no bubble in the market for 737 jetliners and that production could go to 60 a month at the current factory in Renton, Washington, though it was not clear it would go that high. Beverly Wyse, the 737 program manager, told reporters the factory plans to step up production at the factory to 42 per month in the second quarter of 2014 and may go to 52 per month in 2018 or 2019, but that the company was still studying that possibility. (Reporting by Alwyn Scott)

Boeing 4Q profit rises on strong demand for planes; deliveries to rise 10 per cent this year

Boeing's fourth-quarter profit rose 26 per cent as it delivered more commercial airplanes — a speedup that it says will continue this year. However, Boeing shares dropped in premarket trading Wednesday after it said 2014 revenue and profit would be lower than analysts have been expecting. Boeing finished 2013 with a fourth-quarter profit of $1.23 billion, or $1.61 per share, well ahead of the expectation of analysts surveyed by FactSet. Profits grew in both its commercial airplane and defence businesses. Revenue rose 7 per cent to $23.79 billion.

Boeing profits surge but tougher 2014 awaits

US aerospace giant Boeing Wednesday reported a big jump in quarterly earnings, but signaled a leaner 2014 profit outlook after last year's boom. Boeing's fourth quarter ended on a high note, with the company achieving record annual commercial aircraft deliveries on its way to notching a 26.1 percent rise in profits compared with the year-ago period. But Boeing's 2014 earnings forecast pointed to headwinds in both its commercial and defense divisions.

Despite weak forecast, Boeing to top target on cash to shareholders

NEW YORK (Reuters) - Boeing Co <BA.N> expects to return cash to shareholders in excess of its target this year, despite its forecast for 2014 cash generation that was below analysts' expectations. Chief Financial Officer Greg Smith said Boeing expects to exceed the target range of returning 80 percent to 85 percent of cash to shareholders in 2014. Boeing forecast operating cash flow of $6.25 billion in 2014. Some analysts had estimated as much as $9 billion.

Boeing profits up but 2014 outlook lags expectations

US aerospace giant Boeing Wednesday reported a jump in quarterly profits on higher aircraft deliveries, but gave a 2014 earnings forecast that lagged analyst expectations. Boeing notched sizeable revenue increases in both its commercial and military aircraft segments, lifting fourth-quarter profits by 26.1 percent. "Strong fourth-quarter results underscored an outstanding full year of core operating performance that drove record revenue and earnings and increased returns to shareholders," said Boeing chairman and chief executive Jim McNerney.

Boeing's 787 production at record high, just misses deadline

By Alwyn Scott SEATTLE (Reuters) - Boeing Co <BA.N> said on Friday it is producing its 787 Dreamliner at the highest ever rate of 10 per month, a milestone the company had hoped to achieve by the end of 2013. More details on 787 production are expected when the company releases fourth-quarter results on Wednesday.

Boeing hiring in South Carolina as it raises 787 production

(Reuters) - Boeing Co <BA.N> is hiring contract workers at its factory in South Carolina as it boosts output of the 787 Dreamliner and seeks to avoid manufacturing issues linked to the production increase, according to people familiar with the situation. Boeing confirmed on Wednesday that it is hiring at the facility but declined to provide details. The company was responding to a Wall Street Journal report that said the aircraft maker is adding about 300 contract mechanics and inspectors at its North Charleston facility.

After passing $9 billion in tax breaks, Washington state vows to help Boeing even more

OLYMPIA, Wash. - Even after giving Boeing Co. one of the largest packages of tax breaks in U.S. history, state leaders in Washington told the aerospace giant in a proposal released Wednesday that they were ready to do even more. In the 164-page proposal obtained under public disclosure laws, Gov. Jay Inslee and his administration vowed to work with Boeing on water quality issues, workers' compensation costs and improved transportation infrastructure.
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