Boeing in ‘final stage’ of Dreamliner restart, maintains cash target


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July 27 (Reuters)Boeing Company TO FORBID Wednesday stuck to its goal of generating free cash flow this year and said it was in the “final stages” of preparing to restart 787 Dreamliner deliveries.

Aircraft manufacturer actions pink 30.6% in pre-market negotiationeven as it posted an adjusted loss in the second quarter on charges related to its defense and space unit.

Some analysts were skeptical that Boeing will meet its free cash flow targets this year as the company grapples with industry-wide supply chain disruptions and labor shortages. -work that hampered production.

A resumption of deliveries of the widebody Dreamliner would mark an important milestone for the company as it strives to turn things around amid the resumption of air travel.

Deliveries of the Dreamliner were halted for more than a year by inspections and repairs to correct manufacturing defects in an industrial conundrum that cost the company an estimated $5.5 billion.

“Even though we are navigating a challenging environment, we are making progress on key programs and are beginning to achieve important milestones,” Chief Executive Dave Calhoun said in a letter to employees.

Boeing posted a basic loss of 37 cents per share in the quarter through June, compared with earnings of 40 cents per share a year ago.

(Reporting by Abhijith Ganapavaram in Bengaluru and Rajesh Kumar Singh in Chicago; Editing by Saumyadeb Chakrabarty)

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