Boeing's Muilenburg sees more supplier cost-cut benefits ahead


Boeing Co Chief Operating Officer Dennis Muilenburg said the company's efforts to lower prices it pays suppliers is likely to generate "double-digit" reductions in supply chain costs.

The company is in the "second or third inning" of its "Partnering for Success" cost-cutting program, with "much more opportunity ahead of us than what's been booked so far," he said.

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Cost reductions already are flowing through to Boeing's defense and commercial aircraft businesses, Muilenburg said at an investor conference in New York organized by JPMorgan.

(Reporting by Alwyn Scott; Editing by Richard Chang)