Caterpillar raises 2010 revenue outlook to $60 billion Tuesday. Caterpillar Chairman and CEO Jim Owens Expects Robust Sales and Revenues Growth.
Caterpillar Inc (CAT), the world's largest maker of construction and mining equipment, raised its forecast for 2010 revenue on Tuesday, crediting in part continued worldwide infrastructure spending.
At an event for investors held on the sidelines of an industry trade show here, the Peoria, Illinois-based company said it now expects its sales in 2010 to approach $60 billion, up from a previous forecast of $50 billion "plus." Furthermore, to capitalize on various growth opportunities, Caterpillar plans to invest $2.3 billion in capital expenditure in 2008.
