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BA: Boeing Shares Flying After Upping Cash Flow Estimates

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Boeing (BA) - Get Report announced it has enough cash to raise its free cash flow estimate for the year to more than $4 billion, topping its previous estimate of between $3 billion and $4 billion.

The company said the new figure reflects more efficiency in production of passenger and cargo jets and expects its 2000 revenues to hit $51 billion.

Boeing also said that 83% of its stock repurchase program has been completed and should be done by the end of the current year. The company announced in 1998 that it planned to buy back approximately 15% of its outstanding shares. Boeing shares were recently up 4.1% to $59.06.

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