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Boeing shares slide; investors brace for slow deliveries, profit hit

 Boeing Co braced investors on Wednesday for a rough 2016, forecasting lower-than-expected earnings and fewer plane deliveries largely because of production changes needed to boost output later in the decade, news that sent its stock down sharply.

Boeing cuts production rate 747 aircraft

Aircraft manufacturing giant Boeing has announced to cut the production of its 747-8 jumbo aircraft owing to its weak demand.