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toward the area’s aerospace and automotive industries, according to a statement.


The grand opening is scheduled for June 8 and 9, according to Mazak.


“The new building gives Mazak’s customers in the Queretaro area and surrounding regions even more access to the technical, engineering and applications expertise they need to thrive and succeed,” Brian Papke, chairman of Mazak, said in the statement.


B


Leaner Boeing Boosts Profit Forecast


oeing Co. (Chicago) raised its 2017 profit forecast after posting higher first-quarter earnings. The aircraft maker, as part of its


earnings report, said it expects a 2017 profit of $10.35 to $10.55 a share. The previous forecast was a range of $10.25 to $10.45 a share. The company raised the forecast for


2017 “core earnings,” which exclude some costs, to $9.20 to $9.40 a share, up from the previous $9.10 to $9.30 a share. Boeing said that forecast was raised mostly because of “a lower-than- expected tax rate.”


Boeing continues to trim factory and engineering jobs in the Seattle area as it seeks to make operations more ef- ficient amid a slowdown in revenue. “We’re focused on accelerating


productivity,” Chief Executive Officer Dennis Muilenburg said in a statement. In the first quarter, Boeing reported a


profit of $1.45 billion, or $2.34 a share, an increase from $1.22 billion, or $1.83, for the same period in 2016. The gain came despite a 7% decline in revenue to almost $21 billion. Core earnings for the quarter totaled $1.7 billion, or $2.01 a share, up from


$1.69 billion, or $1.74, a year earlier. The consensus of analysts surveyed by Reuters was for core earnings of $1.94 a share.


—Senior Editor Bill Koenig





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ABB Inc.


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Month Year | AdvancedManufacturing.org 19


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