In its fourth quarter results announcement Boeing said it expected to generate a record $10.75 billion in operating cash flow this year, causing stock to jump nearly 5% to $168.50 on Wednesday.
The company forecast 2017 core earnings of $9.10 to $9.30 a share, up from $7.24 in 2016.
According to Reuters the strong performance and forecast was driven by cost-cutting and productivity gains.
"This will be a relentless effort going forward," he said on a conference call, referring to Boeing’s efficiency drive, Reuters reports.
