Boeing says 787, other planes will drive growth

Posted May 20, 2010 at 9:47 a.m.

Reuters | Boeing Co. said its 787 Dreamliner aircraft and other plane programs would help drive growth as global air travel demand re-surges and U.S. defense spending growth slows.

Boeing, the second-largest commercial plane maker behind EADS unit Airbus, also said Thursday that it planned to look overseas for opportunities to increase its defense business and would move more aggressively to expand aircraft services.

Still, the company said the carbon-composite 787 Dreamliner would hold back margin performance in the commercial plane division initially, even as it produces growth longer term. Boeing shares were off more than 4 percent in morning trading.

 

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