By Matthew Kazin Published February 02, 2019 Industrials FOXBusiness Facebook Twitter Comments Print video Boeing CEO: Our global services business has been growing at 12% a year Boeing CEO Dennis Muilenburg discusses how the Federal Reserve’s interest rate hikes are impacting his company and the company’s growing global services business. Growing global demand and the profitability of airlines in North America have pushed Boeing, the world’s largest airplane maker, to increase production rates on two of its most successful aircraft models. Continue Reading Below “We’re seeing more customers with near-term demand and in the ability to either finance or pay cash than we’ve ever seen,” Boeing Chief Financial Officer Greg Smith told FOX Business. MORE FROM FOXBUSINESS.COM BOEING PROFITS SOAR TO RECORD ON PLANE SALES, MORE FEDERAL CONTRACTS OBAMA SPEAKS AT BOEING CONFERENCE AFTER $10 MILLION DONATION BOEING’S BIGGEST JET TO BE POWERED BY WORLD’S BIGGEST ENGINE The company will now produce 57 737s a month (up from 52) and will increase production of its 787 Dreamline to 14 per month (from 12). The U.S. airplane maker has nearly 5,900 aircraft currently on backlog, valued at $490 billion. Over the course of the next 20 years, Boeing forecasts 8,800 airplanes will need to be delivered to airlines…. Read full this story
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