Boeing CEO Vows to Maintain Cash to Shareholders

Features Reuters

Boeing Co will keep returning significant cash to shareholders and is confident that it won't cut production of its widebody 777 jetliner as it shifts to a new version later this decade, Chief Executive Officer Jim McNerney said on Wednesday.

Continue Reading Below

The transition from the current 777 to the new 777X will happen "without a hit to production rates," McNerney said at a Barclays investor conference, addressing a key investor concern about the company's future performance.

(Reporting by Alwyn Scott; Editing by Chizu Nomiyama)