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Boeing reduces debt but challenges remain

Boeing has reported fourth-quarter revenue of US$14.8 billion, reflecting higher commercial volume and lower defense revenue.

The company recorded operating cash flow of $0.7 billion.

David Calhoun, Boeing President, and Chief Executive Officer said “2021 was a rebuilding year for us as we overcame hurdles and reached key milestones across our commercial, defense, and services portfolios.

“We increased 737 MAX production and deliveries, and safely returned the 737 MAX to service in nearly all global markets.

“As the commercial market recovery gained traction, we also generated robust commercial orders, including record freighter sales. Demonstrating progress in our overall recovery, we also returned to generating read more ⇒

Source:: AirlineRatings.Com

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