Boeing beats profits estimates, is flush with cash. (Can’t help but wonder why it’s so agonizing for them to procure goods and services from strategic vendors, just sayin’.)
Fourth-quarter profit excluding pension expense was $2.31 a share, Chicago-based Boeing said Wednesday, topping the $2.10 average estimate among analysts surveyed by Bloomberg. Free cash flow this year will be about $6.2 billion, according to the company.
Investors have been waiting to see Boeing start generating more cash from its plane orders and stem losses on the 787 Dreamliner. The jetliner is the first built of composites rather than the traditional aluminum and entered commercial service in 2011, more than three years late.