Boeing’s Profit Likely To Rise On Higher 737 and 787 Production Rates Despite Lower Government Military Spending – Forbes
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Weak U.S. Defense Spending Will Likely Temper Growth From Commercial Aviation On the flip side, flat-to-declining military spending from the U.S. government will likely weigh on Boeings defense contracting business, which constitutes the majority of its remaining 35% top line. Boeing generates nearly 70% of its defense business from U.S. government contracts, so weak government spending will weigh on the companys defense this one business. In the first half of 2014, due to government austerity, Boeings defense sales fell by 6% annually, and we anticipate this trend to persist in the third quarter.
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