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Latest Business News

Boeing Reaffirms Strong Growth Outlook

Wednesday, May 23, 2007 5:28:04 PM
By DAVE CARPENTER

Boeing engineer Gerald Lui-Kwan, left, demonstrates high-tech electronically shaded windows during a media tour of Boeing Co. engineering labs in Seattle, Tuesday, May 22, 2007. The windows will be used in Boeing's new 787 airplane, and the first model is expected to roll off the assembly line in July 2007. (AP Photo/Ted S. Warren)CHICAGO (AP) - Boeing Co. reaffirmed its outlook Wednesday for strong growth in 2007 and 2008, telling investors it remains on pace for double-digit increases in earnings and revenue as it rides momentum linked to the new 787 jet.

The upbeat assessment came at the aerospace company's annual investor conference in Chicago at a time when Boeing is fast closing in on Airbus for the title of world's leading commercial airplane maker.

Chief Executive Jim McNerney dismissed the notion of a tapering-off in orders for commercial jets amid sizzling sales of the 787, which has racked up 568 orders from at least 44 different customers even before the first model rolls off the assembly line.


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