Boeing reports strong revenue for 2018

victoria@aviationnews-online.com
By victoria@aviationnews-online.com January 31, 2019 14:46

Boeing reports strong revenue for 2018

Boeing has reported record revenues of $101.1bn for 2018. The airplane manufacturer has cited strong demand, raising its target for commercial aircraft deliveries this year by more than 10%. Boeing’s total backlog remains robust at $490 billion, including nearly 5,900 commercial airplanes.

“Across the enterprise our team delivered strong core operating performance and customer focus, driving record revenues, earnings and cash flow and further extending our global aerospace industry leadership in 2018,” said Boeing Chairman, President and Chief Executive Officer Dennis Muilenburg. “Our financial performance provided a firm platform to further invest in new growth businesses, innovation and future franchise programs, as well as in our people and enabling technologies. In the last 5 years, we have invested nearly $35 billion in key strategic areas of our business, all while increasing cash returns to shareholders.”

“We remain focused on executing on our production and development programs as well as our growth strategy while driving further productivity, quality and safety improvements, investing in our team and creating more value and opportunity for our customers, shareholders and employees,” he added.

Operating cash flow was $15.3 billion for the full year, reflecting planned higher commercial airplane production rates and strong operating performance, confirmed Boeing.

victoria@aviationnews-online.com
By victoria@aviationnews-online.com January 31, 2019 14:46