Boeing reports $374B commercial backlog, $67B defense backlog

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

Boeing (BA +1.1%) reaffirms FY 2014 earnings and revenue guidance at its annual shareholders meeting; the company sees FY 2014 EPS of $7.15-$7.35 vs. $7.59 analyst consensus estimate and revenues of $87.5B-$90.5B vs. $89.9B consensus (Briefing.com).

Also reaffirms 2014 operating cash flow of $7B before pension funding, and reports backlogs of $374B in commercial airplanes and $67B in defense, with "significant" opportunities ahead to add to backlog.

Says it is focused on improving margins, with core operating margins seen at about 9.5% for FY14.

Earlier, the head of Boeing's space and intelligence systems business said strong demand in the commercial market will help its satellite division weather a downturn in U.S. defense spending and should continue to boost revenues in coming years.