Boeing COO Muilenburg expects to meet 2014 guidance

|About: The Boeing Company (BA)|By:, SA News Editor

Boeing (BA -1.1%) shares recover some of the day's sizable earlier losses as COO Dennis Muilenburg says he expects the company to meet 2014 guidance; he sees 20% of annual revenues to be booked in Q1, and strong revenue and cash performance in the years ahead.

The COO remains "very confident" about Boeing's estimated $25B in deferred costs for its 787 Dreamliner, and that the deferred cost balance will begin to decline as the company hits a 12/month production rate for the jet, which Boeing has said it expects to reach in mid-2016.

Says BA is in the "second or third inning" of its cost-cutting program, and the company's efforts to lower prices it pays suppliers is likely to generate double-digit reductions in supply chain costs.