Boeing in record $10bn share buyback

17 December 2013 Last updated at 01:18 GMT  Boeing's share price has risen 79% this year Boeing has authorised a $10bn (£6.1bn) buyback of its own shares, the largest in the company's history, in addition to raising its quarterly dividend.

Chicago-based Boeing's dividend will increase by about 50% to 73 cents a share, to be paid in March next year.

The company is looking to reward its shareholders as its cash flow improves from the higher sales and production of jetliners such as the 787 Dreamliner.

Boeing's previous buyback record was $7bn in 2007, with $800m still unused.

The company said the new repurchase program reflects its "positive outlook".

Boeing chief executive Jim McNerney said in a statement: "These actions reflect sustained, strong operational performance by our businesses, increasing cash flow and our confidence in the future,"

Boeing shares rose by about 2% in after-market trading in New York after the announcement.

Overall, the company's stock price has risen by about 79% this year, outperforming both its benchmark Dow Jones Industrial Average and the Standard & Poor's 500 Index.

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Vietnam Air to buy 19 Boeing 787s, listed over $4 bln -sources

NEW YORK, Sept 27 | Fri Sep 27, 2013 2:36pm EDT

The order is in addition to the airline's existing orders for eight Boeing 787 Dreamliners, the sources said. All of the airline's 787s, including the new jets, will be powered by General Electric Co engines, the sources said. GE already is a significant supplier to the airline.

Boeing declined to comment.

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