NEW YORK (Reuters) - Boeing Co
The company said it plans to further ramp up the production rate of its newest, high-tech plane to 14 per month before the end of the decade. Rising production allows the company to book more revenue and increases its cash flow.
The forecast came as Boeing posted results that exceeded expectations, largely on rising commercial aircraft production, sending its stock up more than 3 percent in pre-market trading.
(Reporting by Alwyn Scott; Editing by Gerald E. McCormick)