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Boeing Boosts Forecast as Jet Deliveries Stoke Cash Flow

Boeing Co. raised its full-year profit forecast as higher jetliner deliveries during the third quarter brought a gusher of cash and 787 Dreamliner costs grew less than projected.

The results showed Boeing’s factories are operating in high gear, and the stock rose in early trading. Investors have been seeking reassurance that the global aerospace market isn’t glutted with planes and that expenses for the 787, the world’s first jet built chiefly of composite materials, are finally under control four years after its tardy commercial debut.

“They’re starting to figure out how to build the airplane in a really nifty way,” said Howard Rubel, a managing director with Jefferies LLC, in an interview Wednesday.

Earnings for 2015 excluding some pension expenses will range from $7.95 to $8.15 a share, Boeing said, topping a previous projection of $7.70 to $7.90. Third-quarter profit of $2.52 a share exceeded the $2.20 average of 18 analysts’ estimates compiled by Bloomberg.

Free Cash

Free cash flow of $2.3 billion surpassed analysts’ $1.8 billion estimate. Aircraft deliveries rose 7 percent to 199, including a record 37 Dreamliners. Manufacturers typically receive the bulk of payments when they hand over planes to buyers.

Boeing rose 2.1 percent to $141.85 at 9 a.m. in New...


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