AssetID: 56109133
Headline: UNCAPTIONED: Boeing Shares Tumble After Cautious Growth Forecast
Caption: Boeing Shares Tumble After Cautious Growth Forecast. Boeing shares fell around 9% after the aircraft manufacturer announced a slower-than-expected timetable for increasing production. Boeing CEO Kelly Ortberg said 737 MAX production is not expected to reach 52 aircraft per month until the second half of 2027. Boeing first plans to stabilise production at 47 aircraft a month, with Ortberg saying it was more important to increase output correctly than quickly. The company expects annual free cash flow to rise from about $2 billion in 2026 to $6 billion in 2028 and reach $10 billion in 2029. Boeing reported a third-quarter loss of $116 million, sharply lower than the $5.3 billion loss recorded during the same period last year. Revenue increased 4% to $24.2 billion, helped by higher deliveries in its defence, space and security operations and increased Boeing Global Services sales. Boeing delivered 161 commercial aircraft during the quarter and expects its long-delayed 777X to receive certification in 2027. Ortberg said Boeing had made progress rebuilding safety and quality while stressing the company would remain disciplined as it increases production. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Boeing,Kelly Ortberg,737 MAX,777X,Boeing shares,aircraft production,free cash flow,aviation,aerospace,stock market,Wall Street,aircraft manufacturing
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