US Stock Alert: Boeing Rises Over 5% as Free Cash Flow Recovers and Backlog Orders Hit Record High

Glonghui, July 28 | Boeing (BA.US) rose more than 5%, hitting a high of $222.22. According to reports, driven by accelerated commercial aircraft deliveries, Boeing's second quarter revenue reached $24.6 billion, an 8% year-on-year increase; free cash flow totaled $631 million, far exceeding previous market expectations of an outflow of about $331 million. The company maintained its full-year free cash flow guidance at $1 billion to $3 billion. As of the end of the quarter, the global backlog reached a record $715 billion, with more than 6,200 commercial aircraft pending delivery, corresponding to an order value of $596.7 billion.