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Against the backdrop of a commercial aerospace sector still absorbing the aftershocks of a prolonged production reset, Boeing's second-quarter results have delivered the clearest numerical evidence yet that chief executive Kelly Ortberg's restructuring effort is gaining ground.
The company cleared Wall Street expectations on the financial metric analysts have consistently placed above all others in assessing aerospace manufacturers.
One research team has responded by lifting its rating on Boeing, citing signs the turnaround is bearing fruit.
What the Q2 beat signals A result that clears Wall Street on the most-watched financial measure carries particular meaning in aerospace, where production commitments run years into the future and cash generation is the clearest indicator of whether a factory is running as designed.
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