NEW YORK (Standard&Poor's) Oct. 24, 2007-- Boeing Co. (A+/Stable/A-1) today lowered its 2008 operating cash flow guidance to more than $3 billion from more than $7 billion, stemming primarily from delays on the 787 jetliner. Standard&Poor's Ratings Services said this development has no impact on its ratings or outlook on Boeing. The cash flow shortfall, stemming primarily from about 35 fewer deliveries and a decrease in revenues by about $4 billion, is not only much greater than forecast earlier but also much greater than previously implied by management. Higher working capital needs, increased R&D spending, penalties to airlines, and payments to suppliers will also affect cash generation in 2008. However, most of revenues and a substantial
