Boeing v srpnu dodal 51 letadel, méně než v červenci i před rokem, protože klesly dodávky 787 Dreamlinerů. Firma stále čeká, že letos dodá 90 až 100 kusů.
Boeing (BA.N) said on Tuesday that it delivered 51 jets in August, a slight dip from the previous month and down from 57 jets a year earlier, as the number of 787 Dreamliners handed to customers declined.
The U.S. planemaker delivered only four 787s, down from nine the prior August. A spokesperson said the drop in deliveries was not due to any production, supply chain or certification problems. That brought total deliveries of its popular wide-body in 2026 to 54 through August.
The company still expects to deliver 90 to 100 787s by the end of the year, the spokesperson said.
Increasing output of the highly profitable twin-aisle jet is crucial to Boeing's financial turnaround.
European rival Airbus (AIR.PA) delivered 57 jets and booked 67 orders in August.
August deliveries included 41 737 MAX planes, Boeing's best-selling jet. Nine were delivered to Southwest Airlines (LUV.N), eight to United Airlines (UAL.O) and five to lessor AerCap (AER.N).
Through August, Boeing has delivered 418 aircraft, the most since 2018, when it delivered 481 jets through the first eight months of the year.
Boeing booked 15 new orders in August - two 737 MAX and 13 787 jets. All were for unidentified customers. There were no cancellations in the month.
Through August, Boeing has booked 453 orders after adjusting for cancellations in 2026.
Archer Aviation kupuje od Boeingu Wisk Aero, Insitu a SkyGrid v all-stock dohodě, která dá Boeingu 16,5% podíl. Insitu přináší přes 200 milionů USD ročních výnosů a zisk.
Archer Aviation (ACHR +2.10%) is a pioneering player in the electric vertical take-off and landing (eVTOL) aircraft space. The company is betting that it can scale eVTOL sales and services into a substantially profitable business over the long term, but it still has a lot of work to do before its operations are set up to generate reliable earnings. One piece of good news is that the company doesn't have to rely entirely on growing organically in order to achieve its goals.
Last month, Archer announced that it had entered into a deal to acquire Boeing's Wisk Aero, Insitu, and SkyGrid subsidiaries. The move immediately spurred a substantial jump for Archer's share price, but what will it mean for the company and its shareholders over the long term?
Image source: Archer Aviation.
Archer's latest acquisition push looks encouraging Of the three units Archer acquired from Boeing, Wisk is the most clearly specialized in eVTOL aircraft. In the press release announcing the acquisitions, Archer describes Wisk as "the only company that has designed, built, and flown six generations of eVTOL aircraft, amassing 1,700+ flight tests." Meanwhile, SkyGrid is touted in the press release for its air-traffic management solution and its foundational potential for the future of automated airspace, and Insitu's pioneering role in the design and manufacturing of uncrewed aircraft systems (UAS) is touted.
Archer is acquiring these units from Boeing in an all-stock deal. With the completion of the purchases, Boeing will receive newly created Archer stock that will give it a 16.5% stake in the company. In addition, Boeing will receive warrants that grant it the right to purchase up to $200 million in additional stock. With the Archer issuing so much new stock in order to fund the acquisitions, that means that there will be a substantially dilutive impact for current shareholders. On the other hand, it could wind up being well worth it.
While heavy dilution means that shareholders will see the percentage-based size of their stake in Archer reduced, having Boeing as a large stakeholder and active partner comes with a wide range of potential benefits. As part of the deal, the two companies will enter into a technology-sharing agreement. Boeing will also retain access to Wisk's autonomous flight software for defense and commercial projects, which has positive aspects for Archer because it should support the continued integration and evolution of the tech.
Archer is rapidly diversifying Since going public in 2021 through a merger with a special purpose acquisition company (SPAC), Archer's growth story has primarily centered around the development, testing phases, and timeline for the commercial debut of its Midnight eVTOL aircraft. While Midnight is still important for Archer, the story surrounding the company and its stock has been changing rapidly through partnerships and acquisition moves.
Premium Feature
Moneyball Superscore
59/100
Today's Change
(
2.10
%) $
0.12
Current Price
$
5.83
As noted by Archer CEO Adam Goldstein in the press release announcing the purchases from Boeing, the acquisitions are "the next big step forward in becoming a diversified platform, rapidly growing our revenue base, and bringing scale" to the business. Insitu alone is generating over $200 million in annual revenue, operating in 35 different countries, and generating profits. With the acquisition of the business, Archer's sales profile will immediately get a substantial boost -- and its margin profile should see meaningful improvement.
The partnership with Boeing and integration of Insitu, SkyGrid, and Wisk should provide valuable infrastructure that has complementary impacts across the company's business. In addition to presenting growth opportunities in their own right and supporting the evolution of the Midnight eVTOL project, the units that will be integrated into Archer will likely also help support the hybrid VTOL Halo and Thunder crafts that it developed in conjunction with Anduril and its ZEE aviation AI software model.
Along with expanding its manufacturing partnership with Stellantis, Archer's diversification moves are better positioning the company for long-term viability. The company's chances of achieving profitability solely on the back of its Midnight eVTOL while having to handle scaling manufacturing to the point of even achieving positive gross margins always looked like a long shot, and relying more on partnerships and other avenues to growth in the aviation space is a smart move. Archer stock is still a high-risk play, but its bets on autonomous aerial technologies could pay off over the long term even if ramping for the commercial eVTOL market proceeds at a relatively slow pace.
Boeing ve 3Q 2025 znovu vytvořil kladný volný peněžní tok ve výši 631 milionů USD za poslední čtvrtletí, po šesti čtvrtletích ztrát a záporného peněžního toku. Firma teď chce dál zvyšovat výrobu 737.
For six straight quarters, from the beginning of 2024 all the way through mid-2025, Boeing (BA +0.83%) stock couldn't catch a break. Production volumes were crippled in the wake of the Alaska Airlines door blowout, airplanes piled up, losses mounted, and free cash flow dried up. Every single quarter, Boeing lost money and burned cash -- $12.4 billion in total GAAP losses, and $16.8 billion in negative free cash flow.
But then, a miracle happened.
By mid-2025, Boeing had mostly righted the ship, stabilized its supply chain, and resolved its quality-control issues. Q2 2025 saw Boeing deliver more airplanes in a single quarter than it had ever done since 2018. Revenue rose, losses shrank, and by Q3 2025, free cash flow had turned positive again. While GAAP profitability has remained elusive since, in three of the past four quarters, the aerospace giant has generated positive free cash flow -- $631 million generated last quarter alone -- laying the groundwork for a return to consistent profitability in the future.
Now Boeing just needs to stick the landing.
Image source: Getty Images.
Boeing has a plan After the Alaska Airlines debacle, the U.S. Federal Aviation Administration ordered Boeing to slow down production and ensure each plane was shipshape before delivery. Boeing was initially instructed to take its time and build no more than 38 of its 737 airliners per month, a limit later raised to 42 planes. The company is currently seeking permission to accelerate that rate to 47 planes per month, with plans to increase it to 52, and eventually 63, planes per month.
More planes produced should translate into more planes delivered -- and more cash collected on delivery. Analysts polled by S&P Global Market Intelligence forecast Boeing to generate more than $2.3 billion in free cash flow this year, growing to $6.2 billion in 2027, $9.8 billion in 2028, $13 billion in 2029, and $15 billion in 2030.
Yes, you read that right. Boeing's probably going to return to full-year positive FCF this year, grow that dramatically over the next five years, and even then still be growing free cash flow at a healthy 15% per year.
Assuming all goes as planned, Boeing is trading today at just 11 times its projected FCF five years from now.
What does Boeing need to do to make this happen? The good news here is that the issues that upset Boeing's apple cart last time around -- botched introduction of new products -- aren't likely to arise over the next five years, because Boeing doesn't plan to introduce any completely new "clean sheet" models during this period.
New variants of the 737 are undergoing flight tests and certification, however, as is a larger 777-9 airliner, and those have the potential to cause problems. But so long as Boeing keeps a tight focus on quality control, it should have a smooth flight from barely positive free cash flow today to massively profitable $15 billion annual FCF in 2030.
Key to this effort will be taking control over the company's Spirit Aerosystems subsidiary, its supplier of 737 fuselages -- and the company responsible for building the specific 737 that blew out over Oregon in 2024 -- and also turning that business profitable. As The Wall Street Journal reported last week, Boeing's $4.7 billion repurchase of Spirit last year actually cost Boeing closer to $10.3 billion once debt and obligations to perform "money pit" contracts are factored in.
This obstacle isn't insurmountable for a company that may soon make $15 billion a year in cash profit. More importantly, fixing Spirit's quality issues is key to Boeing being allowed to increase production to reach that $15 billion goal -- but it will be a near-term drag on financial results.
Premium Feature
Moneyball Superscore
46/100
Today's Change
(
0.83
%) $
1.74
Current Price
$
212.25
What else Boeing needs to do And Boeing's to-do list doesn't end there; it doesn't end with the Commercial business.
As I pointed out last month, Boeing's defense business is once again profitable, and recently booked a major $131.2 billion contract to upgrade global F-15 fighter jet fleets. Once a headwind for Boeing, the defense business could now become a second tailwind as positive profit margins begin to turn a growing revenue stream into a second source of profit.
For this to play out perfectly, Boeing needs to avoid the temptation to underbid competitors to win big Pentagon projects, such as the 2011 KC-X Tanker project, which is still racking up losses to this day. Boeing should also probably abandon its ill-fated Starliner spacecraft program, which still isn't flying, and is looking increasingly obsolete as SpaceX works to make its Starship spacecraft operational.
So, what does Boeing need to do to ensure its turnaround sticks? Keep doing the things that make it money, and stop doing the things that lose it money. Ultimately, it's as simple as that.
Boeing zaplatil dříve nezveřejněnou pokutu FAA ve výši 3,1 milionu USD za porušení bezpečnostních a výrobních předpisů. Částka je ale jen asi 0,5 % jeho volného cash flow za 2. čtvrtletí.
The payment equals only half a percent of quarterly free cash flow, leaving cultural accountability as the real issue. Summary
The fine is financially irrelevant; the underlying production failures are not.
Boeing BA, the aircraft manufacturing giant, climbed approximately 0.4% to $211.40 Friday even after investors learned it paid a previously undisclosed $3.1 million Federal Aviation Administration penalty. The payment settled alleged safety and production violations uncovered between September 2023 and February 2024.
The findings were ugly. Regulators identified hundreds of quality-system failures, two unairworthy aircraft submitted for approval and interference with employees carrying out regulatory duties. Some violations emerged after the January 2024 Alaska Airlines 737 MAX 9 door-plug blowout. Boeing paid the full proposed penalty in January 2026.
But $3.1 million barely dents Boeing's wallet. It represents roughly 0.5% of the company's $631 million in second-quarter free cash flow and only 0.013% of quarterly revenue. The real risk is not the fine—it is whether Boeing can prevent production pressure from steamrolling quality control again. At $211.40, the stock sits just 0.19% above its $210.99 GF Value, leaving investors with almost no valuation cushion if execution cracks return.
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Boeing ve 2. čtvrtletí zvýšil tržby divize obrany, vesmíru a bezpečnosti o 13 % na 7,48 miliardy USD, ale čelí rušeným objednávkám a zpoždění programu 777X.
Key Takeaways Boeing's BDS revenues rose 13% in Q2 2026, while backlog reached $85 billion.Boeing faces order cancellations, slow production and a 777X program running seven years late.Boeing trades at a 1.55X forward P/S, below the aerospace-defense industry's 2.36X average. The Boeing Company’s (BA - Free Report) shares have lost 3.2% over the past three months compared with the Zacks Aerospace-Defense industry’s decline of 3.8%. Boeing remains one of the largest U.S. commercial aircraft manufacturers. Steadily growing commercial air travel should boost Boeing’s service business unit. The outlook for Boeing’s defense and space business segment also remains optimistic.
Image Source: Zacks Investment Research
Shares of other defense stocks, such as Northrop Grumman (NOC - Free Report) and Lockheed Martin (LMT - Free Report) , have shown mixed performance over the same time frame. Shares of Northrop Grumman have lost 3.1% while those of Lockheed Martin have risen 2.7%. Northrop Grumman benefits from a record backlog, rising defense spending and expanding demand for strategic deterrence, missile defense, space and advanced aircraft. Lockheed Martin’s record backlog, expanding munitions capacity and alignment with U.S. and allied defense priorities support durable growth.
Considering Boeing’s current price decline, investors may be wondering whether now is a good time to add the stock to their portfolios. Let’s examine the factors and assess the company’s investment prospects to make a more informed decision.
Factors Acting in Favor of BA StockThe outlook for the aerospace giant’s defense and space business also remains encouraging, as Boeing is one of the largest defense contractors globally and a prominent integrator for the International Space Station.
Thanks to its diverse defense product portfolio and established footprint in the space technology industry, Boeing witnesses a solid inflow of contracts. In the second quarter of 2026, Boeing’s Defense, Space & Security (“BDS”) revenues increased 13% year over year to $7.48 billion, driven by higher volumes across classified programs, missiles and weapons, and KC-46A activity. The segment booked $7 billion of orders and ended the quarter with an $85 billion backlog, with 27% tied to customers outside the United States.
Recently, Boeing completed the sale of its 50% stake in HRL Laboratories (which was a 50/50 joint venture between Boeing and GM) to IBM. The completion benefits Boeing by allowing the company to focus capital and management resources on its core aerospace, defense and space businesses, rather than allocating resources to an advanced-technology joint venture outside its primary operations.
Boeing’s new seven-year framework agreements for the Standard Missile-3 (SM-3) provide a positive growth opportunity for the BDS segment by giving the company greater visibility into long-term demand for critical missile-defense components. Under the agreements, Boeing will increase production of avionics and ejector assemblies used in the SM-3 Block IB and IIA interceptors, which are key part of U.S. and allied sea-based missile defense.
Key Headwinds Facing BA StockThe order book is growing, but slow production, delayed deliveries and ongoing inspections could be turning customers away from Boeing’s commercial airplanes, leading to recent order cancellations. Aircraft order cancellations during the six months ended June 30, 2026, totaled $2.78 billion and were primarily related to 737 aircraft. The 777X program has suffered repeated postponements and significant cost overruns.
The Boeing 777X program is running seven years late, with an expected entry-into-service date in 2027. These delays, caused by rigorous FAA scrutiny, design changes and part cracks, have resulted in significant cost overruns. The ongoing trade tensions between the United States and China pose another challenge. Any escalation in trade disputes could delay these deliveries, hurting revenues and increasing inventory costs.
Estimates for BA StockThe Zacks Consensus Estimate for Boeing’s 2026 earnings per share (EPS) indicates a year-over-year improvement of 91.82%.
Image Source: Zacks Investment Research
The consensus estimate for Northrop Grumman’s 2026 EPS calls for year-over-year growth of 9.45%. The Zacks Consensus Estimate for Lockheed Martin’s 2026 EPS implies a year-over-year rise of 31.44%.
BA’s Earnings Surprise HistoryThe company beat on earnings in one of the trailing four quarters and missed in the other three, delivering an average negative surprise of 113.46%.
Image Source: Zacks Investment Research
BA Stock’s LiquidityThe company’s current ratio is 1.14 compared with the industry’s average of 1.10. A ratio of more than one suggests a healthy liquidity position, where the business can meet its immediate financial obligations without selling long-term assets.
Image Source: Zacks Investment Research
BA Stock Trades at a DiscountIn terms of valuation, Boeing’s forward 12-month price-to-sales (P/S) is 1.55X, a discount to the industry’s average of 2.36X. This suggests that investors will be paying a lower price than the company's expected sales growth compared with that of its peer group.
Image Source: Zacks Investment Research
What Should Be the Next Move?Boeing’s BDS business remains well positioned for growth, supported by a diversified defense portfolio, strong contract activity and an established presence in space technology. Recent strategic actions further strengthen its focus on core defense programs and provide greater long-term revenue visibility.
Considering current execution challenges, new investors should wait and look for a better entry point. Investors who already own this Zacks Rank #3 (Hold) stock may consider retaining it, given the company’s strong earnings growth and solid liquidity. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
David Tepper a Paul Tudor Jones otevřeli nové pozice ve společnosti Boeing, i když akcie za posledních 12 měsíců klesly téměř o 12 %. Firma zároveň získala zakázku na F-15 Eagle s horní hranicí 131,2 miliardy USD.
Before Boeing Co‘s (NYSE:BA) chart deteriorated into a Death Cross, billionaire investors David Tepper and Paul Tudor Jones had already initiated new positions in the aerospace giant, suggesting they may be looking beyond today’s turbulence toward a longer-term recovery.
Manufacturing flaws and regulatory scrutiny have kept Boeing stock down nearly 12% over the last 12 months. But the latest 13F filings, reflecting institutional holdings as of June 30, revealed new positions from Appaloosa Management‘s David Tepper and Tudor Investment’s Paul Tudor Jones—an intriguing vote of confidence at a time when investor sentiment remains fragile.
The 13F filings offer only a quarter-end snapshot of institutional holdings as of June 30, meaning Tepper and Tudor may have since added to, trimmed, or exited their Boeing stakes.
Why Billionaires Still See ValueThe bullish case for Boeing doesn’t hinge on a single catalyst. Instead, it rests on whether the company can gradually stabilize its commercial aircraft business while benefiting from a ballooning U.S. military budget, poised to reach an unprecedented $1.5 trillion for fiscal year 2027.
Last month, Boeing received an indefinite-delivery, indefinite-quantity contract with a ceiling value of $131.2 billion to support the U.S. Air Force’s F-15 Eagle program through 2037. The agreement covers aircraft production, modernization, and sustainment for U.S. and international customers, reinforcing the long-term visibility of Boeing’s defense business.
The contract’s ceiling value represents the maximum amount that could be ordered over time—not an immediate $131 billion award.
Yes, But…Boeing continues to work through legacy challenges. The Arlington, Virginia-based company recently settled a $3.1 million FAA civil penalty tied to manufacturing quality violations, while the integration of Spirit AeroSystems has added unexpected liabilities and weighed on its financial results.
For long-term investors, the question is whether these headwinds are temporary execution issues—or signs of deeper structural problems.
Chart created using Benzinga Pro
Technically, Boeing’s stock has already formed a death cross, with its 50-day moving average at $219.52 falling below its 200-day moving average at $220.09—a signal many traders associate with weakening long-term momentum.
The stock has struggled to gain traction despite periodic rallies and remains below key moving averages. Momentum indicators also remain subdued, with the Relative Strength Index hovering below the neutral 50 level, suggesting buyers have yet to regain control. While technical signals don’t predict future returns, they illustrate the market’s cautious stance toward Boeing’s turnaround.
That makes the contrast notable: even as the chart has deteriorated, Tepper and Tudor were willing to establish positions rather than wait for clearer signs of recovery.
Read Next
Boeing Investors are Betting On ExecutionBoeing’s defense business is securing sizable long-term contracts, but investors are still waiting for sustained evidence that the commercial aviation business can deliver consistent production, stronger margins and fewer operational surprises.
That’s likely what makes Boeing such a divisive stock. The chart reflects skepticism, while some of Wall Street’s best-known investors appear willing to look through the near-term noise.
Boeing letos zaplatil FAA pokutu ve výši 3,1 milionu USD za sérii bezpečnostních porušení, včetně incidentu spojeného s nouzovou situací letu Alaska Airlines MAX 9 v roce 2024.
Boeing paid a $3.1 million fine to the U.S. Federal Aviation Administration this year, after the agency said the planemaker had committed a series of safety violations, including actions tied to the 2024 Alaska Airlines MAX 9 mid-air emergency, the FAA told Reuters Wednesday.
The FAA said the full amount sought in September 2025 was paid by Boeing in January and had not been previously disclosed publicly. Boeing also confirmed to Reuters it paid the fine.
The FAA also said last year it was fining Boeing for interfering with safety officials’ independence and said the planemaker presented for agency approval two aircraft that were not airworthy.
In 2024, the FAA said it found hundreds of quality system violations at the planemaker's 737 factory in Renton, Washington, and the 737 fuselage factory of then Boeing subcontractor Spirit AeroSystems in Wichita, Kansas, from September 2023 through February 2024.
The FAA found that a Boeing employee pressured a co-worker who was performing tasks on behalf of the FAA to sign off on a 737 MAX so the company could meet its delivery schedule, even though the co-worker had determined that the aircraft did not comply with regulatory standards.
Democratic U.S. Senator Richard Blumenthal previously called the FAA fine inadequate, adding, "For Boeing, such fines are easily absorbed as the cost of doing business, not a meaningful deterrent to dangerous behavior."
Blumenthal previously investigated Boeing safety issues and chaired a committee when it probed the Alaska mid-air cabin blowout incident. The panel released a report showing Boeing whistleblowers raised significant concerns about the company's manufacturing processes.
The Alaska Airlines incident, which involved a 737 MAX found missing four key bolts, badly damaged Boeing's reputation and led to a brief grounding of the MAX 9 and an FAA monthly production cap of 38 planes that was lifted in October 2025.
The FAA in July said it would allow Boeing to issue airworthiness certificates for all 737 MAX and 787 airplanes after "months of thorough data and safety review demonstrating consistent production quality."
Ethiopian Airlines je blízko objednávce 8 až 10 nákladních letadel Boeing, včetně dvou stávajících 777F. Zbytek objednávky má tvořit odkládaný model 777-8F.
Ethiopian Airlines is nearing a deal to buy up to 10 long-haul Boeing (BA.N) freighters as plans edge forward for a new African hub to compete with Gulf carriers, two industry sources said.
The deal is likely to include two of Boeing's current-generation 777F aircraft, helping the U.S. planemaker bridge a gap to the delayed new 777-8F freighter model, which is expected to make up the rest of the order, the sources said.
One source said the order would involve eight to 10 aircraft, barring last-minute adjustments. Boeing said it would not comment on speculation. Ethiopian Airlines had no immediate comment.
Under international emissions rules, Boeing is due to stop making the widely used 777F at the end of 2027, closing a lucrative chapter following sales of more than 400 units.
But delays in developing the successor to the 777 jet family, the 777X — which includes the new 777-8F cargo model — have put pressure on Boeing to keep making the current 777F for a while to prevent its supply chains from going cold.
In December, Boeing asked the Federal Aviation Administration for a waiver allowing it to deliver another 35 777F freighters, citing strong demand and a delay in 777X certification. The FAA said on Tuesday the waiver request remained pending and that no decision had been made.
Boeing said its request would allow it to continue meeting some demand until the new 777-8F entered service.
It was not immediately clear whether the 777Fs involved in the Ethiopian deal were destined to be delivered before or after the deadline, but one industry source said Boeing was confident of winning approval for the exemption.
Boeing is building two 777F freighters a month, according to a recent FAA filing.
Boeingův segment BDS zvýšil ve 2. čtvrtletí výnosy o 13 % na 7,5 miliardy USD a backlog dosáhl zhruba 85 miliard USD. Programy MQ-25A a T-7A získaly Milestone C a mohou vstoupit do nízkovýrobní sériové výroby.
Key Takeaways Boeing's BDS revenues rose 13% to $7.5 billion as higher volume drove growth across its portfolio.Boeing's $85 billion defense backlog spans aircraft, weapons, space and communications programs.MQ-25A and T-7A reached Milestone C, clearing both programs for low-rate initial production. The Boeing Company (BA - Free Report) is best known for its commercial aircraft business, but its Defense, Space & Security (“BDS”) segment could become an increasingly important contributor to future growth. In the second quarter of 2026, BDS revenues increased 13% year over year to $7.5 billion, driven by higher volume across the portfolio.
A key advantage for Boeing is the size of its defense backlog. BDS ended the second quarter with approximately $85 billion of backlog. Importantly, 27% of this backlog represents orders from customers outside the United States, providing Boeing with exposure to international defense demand. The backlog spans aircraft, weapons, space and communications programs, giving the segment a diversified pipeline of contracted work that supports revenue visibility for several years.
Several major programs are also moving from development toward production. During the quarter, Boeing's MQ-25A Stingray completed its first flight and received Milestone C, clearing the program to enter low-rate initial production. The U.S. Air Force's T-7A Red Hawk also achieved Milestone C and began low-rate initial production.
Boeing is also benefiting from demand across other areas of the defense market. Earlier in 2026, the company signed a seven-year framework agreement to expand PAC-3 Seeker production and announced a strategic partnership with Rheinmetall to offer the MQ-28 Ghost Bat to Germany. The company also continues to see opportunities in secure communications and space, highlighted by a U.S. Space Force award for proprietary communications capabilities in the second quarter. These programs position BDS across several areas of modern defense spending rather than relying on a single aircraft platform.
Companies Benefiting From the TrendThe broader increase in defense spending is creating opportunities across aerospace and defense. General Dynamics (GD - Free Report) is positioned to benefit from elevated defense spending through its submarines, armored vehicles and munitions businesses, supported by strong demand from the U.S. and international customers. RTX Corporation (RTX - Free Report) could benefit from rising demand for missiles, air-defense systems, sensors and other advanced defense technologies as governments prioritize modernizing military capabilities.
BA Stock’s Earnings EstimatesThe Zacks Consensus Estimate for 2026 and 2027 earnings per share indicates a year-over-year improvement of 91.82% and 552.32%, respectively.
Image Source: Zacks Investment Research
BA Stock Trades at a DiscountIn terms of valuation, BA’s forward 12-month price-to-sales (P/S) is 1.53X, a discount to the industry’s average of 2.45X.
Image Source: Zacks Investment Research
BA Stock’s Price PerformanceIn the past six months, the company’s shares have lost 9.6% compared with the industry’s 15.4% decline.
Image Source: Zacks Investment Research
BA’s Zacks RankThe company currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Boeing (BA -0.03%) is finally building 737s at a pace it has not achieved in years. The program began transitioning to a production rate of 47 aircraft per month in the second quarter, according to the company's July earnings release, and Boeing initiated initial production on a new 737 line in July. For an aerospace giant that spent early 2024 limited to 38 per month by regulators, this production ramp is notable.
But now there's something that could get in the way. On Aug. 21, the two SPEEA units representing Boeing's approximately 17,000 engineers and technical workers rejected the company's contract offers and authorized a strike by overwhelming margins. The current contracts expire at midnight on Oct. 6.
Image source: Boeing.
A faster 737 line, at lastBoeing delivered 171 commercial aircraft in the second quarter -- a 14% increase from the 150 a year earlier. And revenue rose 8% year over year to $24.6 billion.
Free cash flow (non-GAAP), meanwhile, swung to a positive $631 million from an outflow of $200 million in the same quarter a year earlier.
Of course, Boeing still does not generate positive net income. Its non-GAAP (adjusted) core loss of $0.76 per share narrowed from a loss of $1.24 a year earlier.
The balance sheet also still holds $45.9 billion in consolidated debt -- more than double the $20 billion in cash and marketable securities on hand.
Further, Boeing's order backlog hit a record $715 billion in the quarter, including over 6,200 commercial aircraft. Demand, therefore, is not the constraint. Building and delivering fast enough is. The Federal Aviation Administration limited 737 production to 38 per month in January 2024 following the door plug accident on a nearly new MAX 9. It raised the limit to 42 last October, approved the move to 47 this past spring, and Boeing began the ramp-up to that pace in the second quarter.
So what would a strike actually halt?SPEEA members do not assemble aircraft (Boeing's factory workforce belongs to a different union). The people who just voted are engineers and technical workers, and their vote was overwhelming.
The professional unit rejected the offer with around 64% voting against it, and the technical unit with around 72%. The two units authorized a strike with approximately 88% and 90% support, according to results published by SPEEA.
But their work underpins everything the production increase needs. Engineering supports production, deliveries, and the certification work Boeing expects to finish this year. On that last front, the FAA certified the smallest MAX variant, the 737-7, on Aug. 3 -- and Boeing says the larger 737-10 is next.
And Boeing is taking the risk seriously.
"We are now implementing our strike contingency plan and diverting the dollars we had wanted to invest in our SPEEA-represented team to prepare for a potential strike," said Ben Nimmergut, Boeing's vice president and functional chief engineer for production engineering, following the vote.
However, there is a new reason for optimism. Leeham News reported on Thursday that SPEEA and Boeing will meet on Monday to restart talks, after the union spent the week surveying its members on what a better offer needs. Still, not all signs point in that direction: Boeing has posted job openings for replacement engineers and technicians, according to the same outlet.
A deadline, not a strikeNo strike can occur while the current contracts remain in effect, and they expire at midnight on Oct. 6. That leaves more than five weeks, and both sides say they want a deal.
But the recent precedent is uncomfortable. In 2024, more than 32,000 Boeing machinists went on strike in September after rejecting a tentative agreement, and the strike lasted more than seven weeks before a much richer contract ended it.
Premium Feature
Moneyball Superscore
46/100
Today's Change
(
-0.03
%) $
-0.07
Current Price
$
209.82
And SPEEA's rejection followed a similar path. The union's negotiating teams recommended the contracts, but their bargaining unit councils had already declined to endorse them -- and members then voted against the agreements by wide margins, citing deep distrust of Boeing's leadership.
Notably, an engineers' strike would not likely directly halt the assembly lines as the machinists' strike did. But I'd say investors shouldn't find much comfort in that. A walkout would stall the engineering support the production ramp-up depends on, and likely the 737-10 certification work still outstanding, exactly when Boeing is trying to prove it can sustain a pace of 47 per month.
As for the stock, it trades at about $210 as of this writing -- around 17% below its 52-week high of $254.35 -- and has trended lower over the two weeks surrounding the vote. Even after the drop, the shares trade at about 1.74 times sales.
At that valuation, the recovery arguably has to stay on schedule. And the next five weeks at the negotiating table will decide whether it does. Until Oct. 6, the delivery increase and contract talks are the same story.
CHINA - 2026/08/18: In this photo illustration, the Boeing logo is displayed on a tablet screen. (Photo Illustration by Sheldon Cooper/SOPA Images/LightRocket via Getty Images)
SOPA Images/LightRocket via Getty Images
This article was written by Doug Nathman, with research by his team at Trefis.
The recovery in aircraft deliveries by the manufacturer is genuine, yet the cash it generates is still a minimal part of the yearly figure that management states is easily achievable.
Boeing (BA) provided more airplanes in the second quarter of 2026 than in any quarter since 2018, yet the stock has experienced a decline over the last year. The unsettling figure for shareholders is not a multiplicative issue. It is how minimal the cash flow from that quarter was and how significantly the full-year forecast is below the annual figure management continues to highlight.
Boeing’s 2026 Free Cash Flow Projection Is $1 Billion To $3 BillionThis is the company’s own forecast in comparison to trailing revenue of $94.0 billion. Management highlights another figure: $10 billion of annual free cash flow, which it considers very feasible, with substantial growth anticipated beyond that into the next decade. Even the peak of the 2026 range is less than one-third of that, and management refrained from detailing the pathway there, stating it wanted to conclude its planning phase first.
171 Airplanes, And $631 Million Of Total Company CashThe limiting factor is not solely volume; it is also the income generated per aircraft. According to the company, the 737 and 787 programs are operating at reduced cash margins, slightly above breakeven, and it forecasts 737 margins will only match their 2018 level by the decade’s end, with 787 margins expected to exceed their 2018 level by that time. The issue lies in the backlog: management states that the drag in pricing diminishes only as deliveries progress, with better-priced orders positioned further back in the sequence. The trailing net margin stands at 2.6% while operating margin is negative 5.4%, thus any existing profit is coming from below the operating line rather than from the production facilities. Having a delivery rate that barely covers its own expenses is less than optimal.
Rate 10 On The 787 Depends On Its Engine SupplierThe rate enhancements necessary to bridge the gap have designated limitations. Boeing is increasing the 737 production to 47 airplanes per month, with 52 being the next anticipated rate increase, and management cites that the challenges increase beyond 52 due to supply chain complexities. Regarding the 787, engine deliveries lagged in the first half of 2026, and management indicates the recovery of engine deliveries it is pursuing with GE is what will allow the program to progress to rate 10, and that GE is optimistic about meeting this plan. Deliveries will remain inconsistent throughout the rest of 2026 while seat certifications delay delivery documentation rather than production. In defense, management anticipates a full-year 2026 margin around 2.5% including a $280 million VC-25B loss, compared to 3.5% in the second quarter when excluding it.
The Risk Is The Delay, Not The Record $715 Billion BacklogDemand is not in question. The backlog is at a historic high of $715 billion. The concern lies in how many years shareholders will wait before cash starts to flow in, and thus far the operational advancements have not been reflected in the stock price: over the past year, BA has returned -4.4% compared to +20.2% for the S&P 500, and the shares are trading at approximately 85% of their 52-week peak. This indicates a level of anxiety proportional to the timeline, not to any danger to the business itself. If engines are delivered and rate 10 arrives as planned, it would change the outlook; until then, the pressing question is whether a decline of this nature has historically warranted a purchase.
The Trefis High Quality (HQ) Portfolio uses a rules-based methodology to select and systematically rebalance 30 stocks screened for operational quality and valuation metrics. This strategy evaluates companies across a broad market universe and measures its historical performance against a composite benchmark of the S&P 500, S&P Mid-Cap, and Russell 2000 indices.
Boeing získal zakázku na P-8A Poseidon až za 156,2 mil. USD, která poběží do srpna 2031. Poptávku podporují vyšší obranné výdaje a rostoucí obavy o námořní bezpečnost.
Key Takeaways Boeing secured a P-8A contract worth up to $156.2M, with work expected to run through August 2031.Rising maritime security concerns and defense spending are supporting demand for Boeing's P-8 Poseidon.Boeing's P-8 supports maritime patrol, anti-submarine warfare, surveillance and reconnaissance missions. The Boeing Company (BA - Free Report) continues to strengthen its position in the military aircraft market through its P-8 Poseidon program. Rising defense spending, growing maritime security concerns and the need for advanced surveillance and anti-submarine warfare capabilities are driving demand for modern military aircraft. This is likely to support continued order activity for Boeing’s P-8 program and strengthen its defense business.
In August 2026, Boeing secured a contract valued at up to $156.2 million to support its P-8A Poseidon program. The deal includes engine build-up kits for the U.S. Navy and Foreign Military Sales customers, with work expected to be completed by August 2031.
This award highlights the sustained demand for the P-8 Poseidon platform, both from the U.S. Navy and international customers. The aircraft plays a critical role in maritime patrol, anti-submarine warfare, intelligence, surveillance and reconnaissance missions, making it an important asset for countries seeking to strengthen their maritime defense capabilities.
Growing geopolitical tensions, expanding naval fleet and rising investments in maritime surveillance should continue to support demand for advanced military aircraft. These trends, combined with Boeing’s strong capabilities in military aircraft and aftermarket support, are expected to create additional opportunities for its defense business.
Overall, the latest contract win underscores the long-term importance of the P-8 Poseidon program. Backed by rising demand for maritime surveillance and anti-submarine warfare capabilities, Boeing’s P-8 aircraft program should continue to support the growth of its defense business.
Other Companies Benefiting from Military Aircraft Demand
Apart from Boeing, other defense companies are also benefiting from rising defense spending and growing demand for advanced military aircraft. These companies are discussed below:
Lockheed Martin Corporation (LMT - Free Report) is benefiting from strong demand for its military aircraft, including the F-35 fighter jet and C-130 transport aircraft, supported by fleet modernization and rising defense budgets.
Northrop Grumman Corporation (NOC - Free Report) is also benefiting from growing demand for advanced manned and unmanned aircraft used in surveillance, intelligence and other defense missions.
The Zacks Rundown for BA
Shares of Boeing have risen 1.3% in the past month against the Zacks aerospace-defense industry’s decline of 2.7%.
Image Source: Zacks Investment Research
From a valuation standpoint, BA is currently trading at a forward 12-month sales multiple of 1.58X, a discount when stacked up with the industry average of 2.50X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for BA’s 2026 and 2027 earnings has moved south over the past 60 days.
Image Source: Zacks Investment Research
BA stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Bank of Nova Scotia ve 2. čtvrtletí koupila nový podíl v Boeingu o 221 835 akciích za zhruba 48,0 milionu USD. Institucionální investoři nyní drží 64,82 % akcií firmy.
Bank of Nova Scotia acquired a new stake in shares of The Boeing Company (NYSE:BA – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 221,835 shares of the aircraft producer’s stock, valued at approximately $48,043,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Boeing by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock valued at $15,413,227,000 after purchasing an additional 3,460,021 shares during the last quarter. Newport Trust Company LLC lifted its position in Boeing by 1.0% during the fourth quarter. Newport Trust Company LLC now owns 29,485,294 shares of the aircraft producer’s stock valued at $6,401,847,000 after purchasing an additional 286,848 shares in the last quarter. Geode Capital Management LLC grew its holdings in Boeing by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 17,025,435 shares of the aircraft producer’s stock valued at $3,679,592,000 after purchasing an additional 533,753 shares during the period. Fisher Asset Management LLC increased its position in Boeing by 2.5% in the fourth quarter. Fisher Asset Management LLC now owns 5,640,900 shares of the aircraft producer’s stock worth $1,224,752,000 after buying an additional 135,860 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Boeing by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,370,415 shares of the aircraft producer’s stock worth $948,905,000 after buying an additional 138,469 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.
Boeing Price Performance Boeing stock opened at $214.20 on Monday. The Boeing Company has a 52-week low of $176.77 and a 52-week high of $254.35. The company has a quick ratio of 0.33, a current ratio of 1.14 and a debt-to-equity ratio of 6.77. The firm’s fifty day moving average is $222.11 and its 200 day moving average is $222.18. The company has a market cap of $169.30 billion, a price-to-earnings ratio of 92.73 and a beta of 1.21.
Boeing (NYSE:BA – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.42). The company had revenue of $24.56 billion for the quarter, compared to the consensus estimate of $24.26 billion. Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.The company’s revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($1.24) earnings per share. Sell-side analysts forecast that The Boeing Company will post -0.87 EPS for the current fiscal year. Analysts Set New Price Targets BA has been the topic of a number of analyst reports. Sanford C. Bernstein began coverage on Boeing in a research report on Tuesday, August 11th. They set an “outperform” rating on the stock. Barclays lowered shares of Boeing from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, August 11th. Royal Bank Of Canada decreased their price objective on shares of Boeing from $275.00 to $265.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 29th. The Goldman Sachs Group cut shares of Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Finally, Robert W. Baird set a $300.00 target price on shares of Boeing in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and a consensus target price of $272.58.
View Our Latest Stock Analysis on Boeing
Key Headlines Impacting Boeing Here are the key news stories impacting Boeing this week:
Positive Sentiment: The U.S. State Department approved a potential $4.5 billion sale of KC-46A tanker aircraft to Qatar. The approval supports Boeing’s defense backlog, although the transaction still requires finalization. US approves potential $4.5B sale of Boeing KC-46A tankers to Qatar Positive Sentiment: Boeing’s agreement to sell or transfer businesses including Wisk Aero, Insitu and SkyGrid to Archer Aviation, while taking a strategic stake in Archer, could generate cash and provide exposure to autonomous and electric aviation markets. However, the deal’s financial impact and execution remain uncertain. Archer Aviation bets big on becoming more than an air taxi company Neutral Sentiment: AerCap delivered its tenth Boeing 787 to Grupo Aeromexico, marking its 100th 787 delivery from its direct order book. The milestone signals continuing customer demand for the Dreamliner but is not a new Boeing order or immediate revenue catalyst. AerCap Holdings compared with Boeing Negative Sentiment: Voting ends on Boeing’s proposed four-year contract with the Society of Professional Engineering Employees in Aerospace, representing roughly 17,000 engineers and technical workers. A rejection could authorize a strike after the current contracts expire on October 6, raising concerns about production, certification and delivery schedules. Results were expected Friday afternoon. Boeing white-collar union contract vote results expected today Negative Sentiment: The labor uncertainty is outweighing recent operating progress, including higher commercial deliveries and efforts to increase 737 production. Investors appear concerned that a work stoppage could interrupt Boeing’s recovery. Boeing slides as labor vote uncertainty outweighs operational progress Negative Sentiment: Boeing is advancing repairs to Air Force One, but window replacement and interior work could threaten the program’s schedule, adding another execution risk to the company’s defense business. Boeing advances Air Force One repairs Boeing Company Profile (Free Report)
Boeing Company (NYSE: BA) is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.
Boeing’s principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.
Further Reading Five stocks we like better than Boeing VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You? 3 Closed-End Funds to Maximize Dividend Payments Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy? $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BA – Free Report).
Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.
Barbara Oil Co. ve 2. čtvrtletí koupila nový podíl v Boeingu za zhruba 4,871 mil. USD. Společnost drží 22 500 akcií a Boeing tvoří 1,6 % jejího portfolia.
Barbara Oil Co. purchased a new stake in shares of The Boeing Company (NYSE:BA – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,500 shares of the aircraft producer’s stock, valued at approximately $4,871,000. Boeing accounts for about 1.6% of Barbara Oil Co.’s portfolio, making the stock its 18th biggest holding.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Solstein Capital LLC bought a new position in shares of Boeing in the 2nd quarter valued at about $41,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Boeing during the 2nd quarter worth approximately $181,092,000. Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of Boeing during the second quarter worth approximately $678,000. Clarion Wealth Managment Partners LLC bought a new stake in shares of Boeing during the second quarter worth approximately $249,000. Finally, Mission Financial Group LLC acquired a new position in Boeing in the second quarter valued at approximately $442,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.
Boeing Price Performance BA stock opened at $214.20 on Monday. The company has a debt-to-equity ratio of 6.77, a current ratio of 1.14 and a quick ratio of 0.33. The stock has a market capitalization of $169.30 billion, a P/E ratio of 92.73 and a beta of 1.21. The business has a 50-day moving average of $222.11 and a 200-day moving average of $222.18. The Boeing Company has a fifty-two week low of $176.77 and a fifty-two week high of $254.35.
Boeing (NYSE:BA – Get Free Report) last announced its earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.42). The firm had revenue of $24.56 billion during the quarter, compared to analyst estimates of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($1.24) EPS. On average, sell-side analysts anticipate that The Boeing Company will post -0.87 earnings per share for the current fiscal year. Wall Street Analysts Forecast Growth Several research analysts have recently issued reports on BA shares. JPMorgan Chase & Co. raised their price target on Boeing from $270.00 to $290.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Tigress Financial upped their price objective on Boeing from $295.00 to $305.00 and gave the company a “buy” rating in a report on Thursday, August 6th. The Goldman Sachs Group lowered Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Royal Bank Of Canada reduced their target price on Boeing from $275.00 to $265.00 and set an “outperform” rating on the stock in a report on Wednesday, July 29th. Finally, Argus upgraded shares of Boeing from a “hold” rating to a “buy” rating and set a $265.00 price objective for the company in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and a consensus price target of $272.58.
Get Our Latest Report on BA
Boeing News Summary Here are the key news stories impacting Boeing this week:
Positive Sentiment: The U.S. State Department approved a potential $4.5 billion sale of KC-46A tanker aircraft to Qatar. The approval supports Boeing’s defense backlog, although the transaction still requires finalization. US approves potential $4.5B sale of Boeing KC-46A tankers to Qatar Positive Sentiment: Boeing’s agreement to sell or transfer businesses including Wisk Aero, Insitu and SkyGrid to Archer Aviation, while taking a strategic stake in Archer, could generate cash and provide exposure to autonomous and electric aviation markets. However, the deal’s financial impact and execution remain uncertain. Archer Aviation bets big on becoming more than an air taxi company Neutral Sentiment: AerCap delivered its tenth Boeing 787 to Grupo Aeromexico, marking its 100th 787 delivery from its direct order book. The milestone signals continuing customer demand for the Dreamliner but is not a new Boeing order or immediate revenue catalyst. AerCap Holdings compared with Boeing Negative Sentiment: Voting ends on Boeing’s proposed four-year contract with the Society of Professional Engineering Employees in Aerospace, representing roughly 17,000 engineers and technical workers. A rejection could authorize a strike after the current contracts expire on October 6, raising concerns about production, certification and delivery schedules. Results were expected Friday afternoon. Boeing white-collar union contract vote results expected today Negative Sentiment: The labor uncertainty is outweighing recent operating progress, including higher commercial deliveries and efforts to increase 737 production. Investors appear concerned that a work stoppage could interrupt Boeing’s recovery. Boeing slides as labor vote uncertainty outweighs operational progress Negative Sentiment: Boeing is advancing repairs to Air Force One, but window replacement and interior work could threaten the program’s schedule, adding another execution risk to the company’s defense business. Boeing advances Air Force One repairs About Boeing (Free Report)
Boeing Company (NYSE: BA) is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.
Boeing’s principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.
See Also Five stocks we like better than Boeing VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You? 3 Closed-End Funds to Maximize Dividend Payments Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy? $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BA – Free Report).
Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.
Boeing získá 19,75 % akcií Archer Aviation výměnou za tři podniky, včetně Wisk, SkyGrid a Insitu. Dohoda má posílit obě firmy a dát Boeingu podíl na růstu eVTOL.
Boeing (BA -0.42%) and Archer Aviation (ACHR +3.45%) recently made a definitive agreement that strategically strengthens both companies and makes them a bit more investable. Archer will acquire three businesses from Boeing in exchange for a near-20% stake in the electric vertical take-off and landing (eVTOL) business.
It's a good deal for both companies, as it derisks both companies' business models, gives Archer access to technology it couldn't develop itself, and gives Boeing an opportunity to profit from the eVTOL industry.
Boeing will receive 19.75% of Archer's outstanding Class A stock, while Archer will acquire the following businesses from Boeing in return:
Wisk, Boeing's business focused on developing autonomous eVTOL within a transportation-as-a-service (TaaS) model; SkyGrid, Boeing's aircraft-agnostic air traffic management solution, which can support autonomous and piloted air mobility, including eVTOLs; and Insitu, a designer, developer, and manufacturer of uncrewed aircraft systems, which already has over $200 million in annual revenue.
Today's Change
(
3.45
%) $
0.21
Current Price
$
6.30
Why the deal is good news for Archer Aviation The deal diversifies Archer's business, reduces risk, brings in much-needed early revenue, and accelerates its technological development. The diversification comes from adding Insitu's defense business and the potential for autonomous eVTOL from Wisk. Furthermore, SkyGrid gives Archer an infrastructure advantage and access to the eVTOL ecosystem.
In addition, it removes a potential rival in Wisk, as its autonomous eVTOL and SkyGrid could have significantly challenged piloted eVTOL. Acquiring Wisk also gives Archer the option to develop a comprehensive transportation-as-a-service (TaaS) business, as Wisk's eVTOLs are designed to operate in a TaaS model. Finally, Insitu's revenue could provide much-needed cash flow to Archer as it continues to develop its eVTOL business.
Image source: Boeing.
Boeing is getting a good deal, too It's no secret that the 737 MAX has proved problematic for Boeing and, thus far, hasn't generated the cash flow to comfortably fund investment in the next generation of narrow-body aircraft. To give you a sense of the scale of the challenge, former Boeing CEO Dave Calhoun is on record as stating that Boeing's next aircraft could cost $50 billion to develop.
That's a big number in itself, but it's an even bigger number when you consider where Boeing's free-cash-flow generation and debt have gone in the decade since the 737 MAX first took flight.
BA Free Cash Flow data by YCharts
That said, current CEO Kelly Ortberg is generating tangible results in improving the company, not least in 737 MAX delivery rates. This deal helps further Boeing's strategic aims. The stake in Archer is worth about $930 million on current valuation, and exiting the business refocuses management and resources on its core businesses. Moreover, the stake allows Boeing to participate in the growth of eVTOLs while retaining "access to the Wisk core autonomous flight technology for its current and next-generation commercial and defense aircraft," according to the press release.
All told, the deal strengthens the investment case for both stocks and should be welcomed by investors in both.
Hlasování o nabídce nové smlouvy pro největší odborovou organizaci zaměstnanců s bílými límečky v Boeingu končí dnes, výsledky se čekají v polovině odpoledne v Seattlu. Dohoda má odvrátit stávku tisíců inženýrů a techniků.
A Boeing logo is seen before the opening of the 55th International Paris Airshow at Le Bourget Airport near Paris, France, June 13, 2025. REUTERS/Benoit Tessier/File Photo Purchase Licensing Rights, opens new tab
CompaniesSEATTLE, Aug 21 (Reuters) - Voting on Boeing's (BA.N), opens new tab contract offer to its largest white-collar union ends on Friday, with results expected by mid-afternoon in Seattle.
Hoping to avoid a strike by thousands of engineers and technical workers, Boeing offered terms that were better than expected, several members of the Society of Professional Engineering Employees in Aerospace (SPEEA) told Reuters.
Sign up here.
However, neither of the bargaining unit councils for SPEEA's engineers and technicians units backed the offer. The technicians unit council recommended that members reject the offer, while the engineers unit council did not meet the 60% threshold needed to give members a recommendation to accept or reject.
The tentative agreement reached with Boeing in late July was endorsed by SPEEA's negotiating team. The engineers and technicians units negotiate collectively with Boeing, but they vote separately. The current contract expires in October.
Speaking to Wall Street analysts in July, Boeing CEO Kelly Ortberg said the company "began these discussions early, because we wanted to work towards an agreement that supports our employees and their families, creates greater clarity for our business and helps us stay focused on the progress we're making."
A work stoppage by SPEEA members would further delay Boeing's certification campaigns for its 737 Max 10 and 777-9, both of which are several years behind schedule.
The proposed four-year contract includes wage increases tied to inflation (capped at 3%) and an individual's performance, as well as other metrics determined by the company, but not specified in the contract.
Several SPEEA members who have already voted to reject the offer told Reuters that capping inflation-based raises at 3% nearly guarantees that their salaries will fall behind inflation.
In 2024, Boeing commercial airplane production in the Seattle area ground to a halt when the roughly 33,000 members of the International Association of Machinists and Aerospace Workers went on strike for seven weeks.
Reporting by Dan Catchpole in Seattle; editing by Philippa Fletcher
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Allworth Financial LP bought a new stake in shares of The Boeing Company (NYSE:BA – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 42,666 shares of the aircraft producer’s stock, valued at approximately $9,236,000.
Several other hedge funds have also made changes to their positions in BA. Measured Wealth Private Client Group LLC purchased a new stake in Boeing during the third quarter worth $25,000. Strive Financial Group LLC bought a new stake in Boeing during the 4th quarter valued at $25,000. Ares Financial Consulting LLC purchased a new position in shares of Boeing in the 4th quarter valued at $26,000. CrossGen Wealth LLC purchased a new position in shares of Boeing in the 4th quarter valued at $26,000. Finally, Strategic Wealth Advisors LLC bought a new position in shares of Boeing in the 4th quarter worth $27,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.
Boeing Stock Down 3.1% Boeing stock opened at $215.22 on Friday. The company has a debt-to-equity ratio of 6.77, a current ratio of 1.14 and a quick ratio of 0.33. The stock has a market capitalization of $170.10 billion, a price-to-earnings ratio of 93.17 and a beta of 1.21. The Boeing Company has a 1-year low of $176.77 and a 1-year high of $254.35. The business has a fifty day moving average price of $222.21 and a 200-day moving average price of $222.31.
Boeing (NYSE:BA – Get Free Report) last announced its earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.42). Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.The business had revenue of $24.56 billion for the quarter, compared to analysts’ expectations of $24.26 billion. During the same quarter last year, the firm earned ($1.24) earnings per share. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. Equities research analysts forecast that The Boeing Company will post -0.87 EPS for the current fiscal year. Analyst Ratings Changes A number of equities research analysts recently weighed in on the company. UBS Group initiated coverage on Boeing in a research note on Tuesday, August 11th. They set a “buy” rating for the company. Morgan Stanley boosted their target price on shares of Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Royal Bank Of Canada decreased their price target on shares of Boeing from $275.00 to $265.00 and set an “outperform” rating for the company in a research report on Wednesday, July 29th. Weiss Ratings restated a “sell (d+)” rating on shares of Boeing in a report on Tuesday, July 21st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Boeing from $270.00 to $290.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $272.58.
Read Our Latest Stock Report on BA
Key Boeing News Here are the key news stories impacting Boeing this week:
Positive Sentiment: The U.S. State Department approved a potential $4.5 billion sale of KC-46A aerial refueling tankers to Qatar. The deal would support Boeing’s defense backlog and international sales, although it remains subject to final agreements and congressional review. US approves potential $4.5B sale of Boeing KC-46A tankers to Qatar Positive Sentiment: Boeing is progressing repairs and interior work on the next Air Force One aircraft, and it recently received a contract worth roughly $75 million for Air Force One parts. These developments provide defense and government-services revenue, though schedule pressure remains. Boeing advances Air Force One repairs Neutral Sentiment: Boeing’s partnership with Archer Aviation involves transferring Boeing-owned businesses—including Wisk Aero, Insitu and SkyGrid—in exchange for a strategic equity stake in Archer. The transaction could monetize noncore assets and preserve exposure to future aviation technology, but its near-term financial effect on BA is unclear. Archer Aviation bets big on becoming more than an air taxi company Negative Sentiment: The largest near-term overhang is uncertainty surrounding a contract vote by approximately 17,000 SPEEA engineers and technical workers. Rejection could lead to strike authorization after contracts expire on October 6, potentially disrupting Boeing’s recovery, certification work and production ramp. Boeing slides as labor vote uncertainty appears to outweigh recent operational progress Negative Sentiment: Air Force One repair work faces potential schedule threats related to windows and interior installation, reinforcing investor concerns about Boeing’s ability to execute complex programs on time and control costs. Negative Sentiment: Boeing’s $1.5 billion private bond financing for United Launch Alliance highlights continued capital needs and leverage concerns. With elevated debt and historically weak profitability, additional borrowing may weigh on sentiment despite supporting liquidity. A $1.5 Billion Deal: Why Boeing and Lockheed Stocks Are in Focus About Boeing (Free Report)
Boeing Company (NYSE: BA) is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.
Boeing’s principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.
Recommended Stories Five stocks we like better than Boeing 3 Energy Stocks Raising Dividends as the Sector Surges 5 Reasons the S&P 500 Could Keep Rallying Through Year-End Walmart’s Post-Earnings Drop Could Be a Buying Opportunity The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future
Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.
Boeing klesl v pondělí o 2 % poté, co americká armáda dočasně uzemnila flotilu vrtulníků Apache po smrtelné nehodě u Fort Hoodu. Boeing je výrobcem AH-64 Apache.
Boeing shares BA fell 2% on Monday after the US Army temporarily grounded its fleet of Apache helicopters following a fatal crash near Fort Hood, Texas, that killed two service members.
The Army said the temporary stand-down would remain in place until officials have a better understanding of the accident's root cause.
Boeing manufactures the AH-64 Apache, but the company had not immediately commented on the grounding.
The development adds another issue for Boeing's defense business, which has been working to improve its financial performance while the company remains heavily dependent on its commercial aircraft operations.
The Army ordered the temporary grounding following the crash and expressed condolences to the families, friends and unit of the two aviators.
“We mourn these aviators, and our deepest condolences remain with their families, friends, and unit during this extraordinarily difficult time,” the Army said in a news release.
The Apache has been in US Army service for more than 40 years.
The twin-engine attack helicopter is typically operated by two crew members and can carry guns, missiles and rockets.
Boeing has produced thousands of Apaches over the years, with hundreds operated by the US military and additional aircraft in service with US allies.
The grounding comes as Boeing's defense business continues to recover from significant losses in recent years.
The segment reported $7.5 billion in second-quarter sales, up 13% from a year earlier, although it recorded a $15 million loss.
Boeing's defense and space division has faced pressure from inflation, fixed-price contracts and delivery delays across some programs.
Despite those challenges, losses have narrowed considerably. The business lost $128 million in 2025, compared with a $5.4 billion loss in 2024.
The performance of the defense unit remains relevant to investors as Boeing works to improve its overall financial position.
However, the company continues to rely primarily on its commercial aircraft business.
Boeing delivered 600 aircraft in 2025 and is expected to deliver about 670 in 2026.
That figure is projected to rise above 800 by 2028.
Analysts expect Boeing's free cash flow to improve to roughly $10 billion in 2028 from about $2 billion in 2026. The company used approximately $2 billion in cash during 2025.
Boeing also recently received certification from the Federal Aviation Administration for the 737 Max 7, the smallest aircraft in the company's bestselling Max family.
The certification followed years of regulatory reviews and delays after safety concerns surrounding the 737 Max.
Southwest Airlines has already-built Max 7 aircraft in inventory, but those planes will require additional work before entering service, meaning the carrier is not expected to begin flying them until next year.
Meanwhile, Boeing is restructuring parts of its business through a deal with Archer Aviation. The company agreed to sell three subsidiaries to Archer in exchange for a stake in the electric vertical take-off and landing aircraft maker.
The transaction will give Boeing a 19.75% stake in Archer's Class A shares, along with options to acquire additional shares over the next four years.
For Boeing investors, the Apache grounding adds a near-term uncertainty to a defense division that has been improving, while commercial aircraft deliveries remain central to the company's broader recovery.
Archer Aviation kupuje od Boeingu Wisk Aero, Insitu a SkyGrid a zaplatí nově vydanými akciemi; Boeing tak získá 19,75 % firmy před uzavřením transakce, což mu po jejím dokončení zajistí asi 16,5 % podíl. Insitu přináší více než 200 milionů USD ročních tržeb, zatímco Archer má za posledních 12 měsíců jen 6,9 milionu USD.
Archer Aviation (ACHR -5.02%) is buying Boeing's (BA +0.58%) Wisk Aero, Insitu, and SkyGrid subsidiaries, and the price is a piece of itself. At closing, Archer will issue Boeing new stock equal to 19.75% of its shares outstanding just before the deal completes -- which leaves Boeing owning about 16.5% of the company, or about a sixth.
The sixth buys a revenue base Archer doesn't have. Insitu, a maker of unmanned military aircraft used by the armed forces of 35 nations, brings more than $200 million of annual revenue -- profitable revenue, Boeing's release notes.
Archer's own trailing-12-month revenue is $6.9 million. The acquired revenue is about 29 times that.
Wisk Aero builds autonomous aircraft, and SkyGrid runs digital airspace-management software. Neither's revenue was disclosed.
Image source: Getty Images.
The rest of the terms
Boeing also receives two warrants, each covering about $100 million of stock, struck at $13.00 and $17.88 per share. It gains the right to nominate a director. And it agreed to buy up to $55 million of stock in a future Archer offering of at least $400 million, at Archer's election.
The deal is expected to close by the end of 2026, pending the antitrust waiting period and national-security approvals.
Today's Change
(
-5.02
%) $
-0.35
Current Price
$
6.62
Of course, stock is a currency that moves. The 19.75% is fixed as a slice of the share count, not as a dollar figure, so what the sixth ends up costing Archer's current owners depends on where the stock trades at closing.
For scale, Archer's market value is about $4.8 billion, so the new shares Boeing is taking were worth about $950 million at Monday's close. The company's second-quarter revenue was $5.0 million, its net loss $263.2 million, and its cash and investments $1.56 billion.
Existing shareholders end up owning about a sixth less of a company with far more revenue in it. What the stock rides on, though, hasn't changed. Archer's valuation still rests mostly on Midnight, its electric air taxi -- the acquired businesses account for about $200 million of annual revenue at a company valued near $4.8 billion. What Wisk and SkyGrid grow into could change that arithmetic. For now, the rest of the valuation is still the aircraft.
Boeing získal zakázku za 109 mil. USD od amerického námořnictva na 76 vnějších křídelních panelů pro F/A-18, což posiluje dlouhodobou viditelnost jeho obranného byznysu. Firma těží i z vyšších výdajů na obranu a modernizace flotil.
Key Takeaways Boeing sees fighter jet opportunities from higher defense spending and global fleet modernization.A $109M U.S. Navy order for 76 F/A-18 outer wing panels supports Boeing's long-term visibility.F-15EX, T-7, E-7 Wedgetail and MQ-25A could benefit Boeing as defense spending rises. The Boeing Company (BA - Free Report) is seeing encouraging opportunities in its fighter jet business, supported by rising defense spending and growing demand for advanced military aircraft. Governments worldwide are strengthening their air capabilities and replacing aging fighter fleet, creating a favorable environment for defense aircraft manufacturers. Boeing’s portfolio of fighter and trainer aircraft positions it to benefit from this trend.
Boeing’s fighter jet business is supported by programs such as the F/A-18 Super Hornet, F-15EX Eagle II and T-7A Red Hawk. The company also benefits from demand for upgrades and sustainment of existing aircraft, providing additional revenue opportunities.
Looking ahead, Boeing should benefit from fleet modernization and higher defense budgets. The company recently secured a $109 million delivery order from the U.S. Navy for 76 outer wing panels for F/A-18 aircraft. The work is expected to be completed by October 2031, providing long-term visibility and underscoring continued demand to maintain the Navy’s F/A-18 fleet.
Boeing is also seeing opportunities from its F-15EX program, while the T-7A Red Hawk progresses toward production. Management has highlighted F-15EX, T-7, E-7 Wedgetail and MQ-25A as programs that could benefit from higher defense spending.
Overall, strong military aircraft demand, fleet modernization and Boeing’s broad fighter portfolio should support its defense growth prospects.
Industry Peers Benefiting From Fighter Jet DemandOther industry peers benefiting from rising fighter jet demand and higher defense spending are discussed below:
Lockheed Martin Corporation (LMT - Free Report) : It is the producer of some of the most advanced military jets in the world. Its key jet programs include the F-35 Lightning II, F-22 Raptor, F-16 Fighting Falcon and C-130 Hercules.
Northrop Grumman Corporation (NOC - Free Report) : It is a leading provider of proven manned and unmanned air systems. It builds some of the world’s most advanced aircraft like the B-2 Spirit Stealth Bomber, A-10 Thunderbolt II and B-21 Raider.
The Zacks Rundown for BAShares of Boeing have risen 6.5% in the past month compared with the Zacks aerospace-defense industry’s growth of 8%.
Image Source: Zacks Investment Research
From a valuation standpoint, BA is currently trading at a forward 12-month sales multiple of 1.71X, a discount when stacked up with the industry average of 2.66X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for BA’s 2026 and 2027 earnings has moved south over the past 60 days.
Image Source: Zacks Investment Research
BA stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Boeing ve 2. čtvrtletí dodal 171 komerčních letadel, meziročně o 14 % více, a jeho backlog BCA dosáhl rekordních 597 miliard USD. Zároveň ale čelí zpožděním programu 777X a rušeným objednávkám.
Key Takeaways Boeing delivered 171 commercial airplanes in Q2, up 14%, with a record $597B BCA backlog.Defense milestones and a Poland Apache support deal expand Boeing's long-term sustainment opportunities.777X delays and order cancellations remain key challenges despite strong earnings growth estimates. The Boeing Company’s (BA - Free Report) shares have risen 7.4% year to date compared with the Zacks Aerospace-Defense industry’s growth of 7%. The government’s inclination toward strengthening the nation’s defense and space system should act as a growth catalyst for Boeing.
Image Source: Zacks Investment Research
Shares of other defense stocks, such as Lockheed Martin (LMT - Free Report) and RTX Corporation (RTX - Free Report) , have gained 23.6% and 21.9%, respectively, during the same time frame. Lockheed Martin’s record backlog, expanding munitions capacity and alignment with U.S. and allied defense priorities support durable growth. RTX’s strong backlog and new awards provide multi-year production visibility, while higher output, backlog conversion and favorable program mix are expected to support continued defense growth.
Considering Boeing’s outperformance relative to its industry, investors may be wondering whether now is a good time to add the stock to their portfolios. Let’s examine the factors that have driven the share price gains and assess the company’s investment prospects to make a more informed decision.
Tailwinds for BA StockOver decades, Boeing has built deep relationships with airlines, aircraft lessors, governments and defense customers, creating a broad installed base that generates recurring demand for maintenance, spare parts, pilot training and fleet upgrades. Its extensive product portfolio, particularly the 737 narrow-body family and the 787 Dreamliner wide-body aircraft, helped the company secure a strong position across major airline segments.
In the second quarter of 2026, Boeing Commercial Airplanes (“BCA”) delivered 171 airplanes, up 14% year over year and the highest quarterly total since 2018. Segment revenues increased 8% to $11.75 billion. Boeing booked 246 net commercial orders in the quarter and ended with a record $597 billion BCA backlog. The 737 program began transitioning production to 47 airplanes per month, and Boeing activated low-rate initial production on the North Line in July 2026.
The U.S. Navy MQ-25A Stingray completed its first flight and received Milestone C, clearing the program for low-rate initial production. The U.S. Air Force T-7A Red Hawk also achieved Milestone C and began low-rate initial production. Boeing reached a memorandum of agreement with the Air Force on KC-46A mission readiness and the Remote Vision System 2.0 retrofit, with the first phase of flight testing completed.
On Aug. 11, Wojskowe Zak??ady Lotnicze Nr 1 S.A. (WZL-1), the Military Central Bureau of Design and Technology S.A. and Boeing signed offset implementation agreements to establish long-term industrial cooperation supporting the maintenance and ground support of Poland’s AH-64E Apache helicopter fleet. Boeing can benefit from this agreement through its defense and services businesses, as Poland’s Apache fleet creates a long-term opportunity for maintenance, repair, overhaul, training and modernization.
Key Headwinds Facing BA StockThe order book is growing, but slow production, delayed deliveries and ongoing inspections could be turning customers away from Boeing’s commercial airplanes, leading to recent order cancellations. Aircraft order cancellations during the six months ended June 30, 2026, totaled $2.78 billion and were primarily related to 737 aircraft. The 777X program has suffered repeated postponements and significant cost overruns.
The Boeing 777X program is running seven years late with an expected entry-level service date in 2027. These delays, caused by rigorous FAA scrutiny, design changes and part cracks, have resulted in significant cost overruns. Also, ongoing trade tensions between the United States and China pose another challenge. Any escalation in trade disputes could delay these deliveries, hurting revenues and increasing inventory costs.
Estimates for BA StockThe Zacks Consensus Estimate for 2026 earnings per share (EPS) indicates a year-over-year improvement of 91.73%.
Image Source: Zacks Investment Research
The consensus estimate for Lockheed Martin’s 2026 EPS calls for year-over-year growth of 31.3%. The Zacks Consensus Estimate for RTX’s 2026 EPS implies a year-over-year rise of 14.8%.
BA’s Earnings Surprise HistoryThe company beat on earnings in one of the trailing four quarters and missed in the other three, delivering an average negative surprise of 113.46%.
Image Source: Zacks Investment Research
BA Stock’s LiquidityThe company’s current ratio is 1.14 compared with the industry’s average of 1.12. The ratio of more than one suggests a healthy liquidity position where the business can meet its immediate financial obligations without selling long-term assets.
Image Source: Zacks Investment Research
BA Stock Trades at a DiscountIn terms of valuation, Boeing’s forward 12-month price-to-sales (P/S) is 1.73X, a discount to the industry’s average of 2.67X. This suggests that investors will be paying a lower price than the company's expected sales growth compared with that of its peer group.
Image Source: Zacks Investment Research
ConclusionBoeing’s strong commercial aircraft franchise, growing defense production and expanding long-term sustainment partnerships are strengthening its recurring revenue potential and reinforcing future growth across both commercial and defense markets.
Considering current execution challenges, new investors should wait and look for a better entry point. Investors who already own this Zacks Rank #3 (Hold) stock may consider retaining it, given the company’s price performance, strong earnings growth and solid liquidity. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Archer koupí od Boeingu dceřiné společnosti Wisk Aero, SkyGrid a Insitu a vytvoří platformu fyzické AI pro letectví a obranu. Insitu přidává ziskový obranný byznys s ročními tržbami přes 200 milionů USD.
Transaction creates an end-to-end physical AI platform for aerospace and defense. Adds a profitable defense business generating over $200M in annual revenue1, with operations across 35 countries, to Archer's portfolio. Combines Wisk, SkyGrid and Insitu's pioneering autonomy and airspace intelligence software with Archer's leading purpose-built AI foundation model for aerospace and defense, ZEE. Boeing to take stake and become a strategic partner to Archer; establishes ongoing Archer and Boeing collaboration and technology sharing arrangement. , /PRNewswire/ -- The Boeing Company (NYSE: BA) and Archer Aviation Inc. (NYSE: ACHR) today announced the companies have signed definitive agreements in which Archer will acquire Boeing's Wisk Aero, SkyGrid and Insitu subsidiaries. The deal will combine complementary capabilities developed over decades in autonomy, electric vertical takeoff and landing (eVTOL) aircraft, and unmanned aircraft systems (UAS) – creating a groundbreaking end-to-end physical AI platform for aerospace and defense.
Wisk, SkyGrid and Insitu have pioneered and incubated core autonomous flight technologies for the future that, in combination with Archer's air taxi, UAS and AI technologies, will bring new and innovative solutions to the market. These companies, with nearly two million combined flight hours, are expected to bring a deep autonomy foundation to Archer's ZEE artificial intelligence platform. This positions Archer to deliver an end-to-end physical AI platform across commercial aerospace, defense and air traffic management that can lead the next generation of aviation.
Archer's Founder and CEO, Adam Goldstein said, "This is a watershed moment for Archer and the future of physical AI in aerospace and defense. This is the next big step forward in becoming a diversified platform, rapidly growing our revenue base and bringing scale to our business."
In conjunction with the transaction, Boeing and Archer are entering into a collaboration and technology-sharing arrangement through which Boeing will retain access to the Wisk core autonomous flight technology for its current and next-generation commercial and defense aircraft. The transaction allows Boeing to retain strategic upside through its stake in Archer and simultaneously focus current and future investments into Boeing's core businesses.
"This transaction is a win-win for Boeing and Archer," said Brian Yutko, Boeing vice president, Commercial Airplanes Product Development. "It allows Wisk, SkyGrid and Insitu to accelerate capability development and time to market while ensuring Boeing capitalizes on its investments in these technologies over the past two decades through continued development in our core businesses. Having worked with the incredible teams in these companies firsthand, it's clear this transaction will create an industry leader in the advanced aviation market. We look forward to collaborating with Archer to drive continued innovation in aerospace, defense and autonomy."
About the companies:
Wisk is the only company that has designed, built and flown six generations of eVTOL aircraft, amassing 1,700+ flight tests. Over the past 16 years, Wisk's world-class team has developed unmatched autonomy capabilities powered by a next-gen flight-control computer, sensor suite, and radar system designed for certification in both civil and potential defense markets. SkyGrid has built a leading ground-based, aircraft-agnostic air traffic management solution that establishes the digital foundation for the future of automated airspace. SkyGrid enables safe integration, scalable automation and coordinated traffic management that is necessary for commercialization across the aviation ecosystem.
Insitu is a pioneer in designing, developing and manufacturing uncrewed aircraft systems (UAS) used in intelligence, surveillance and reconnaissance. Its product portfolio spans high-performance, cost-effective, resilient, VTOL-capable UAS and AI-enabled software solutions. Insitu's technologies have helped the armed forces of 35 nations make quicker, more informed decisions to bring warfighters home safely. With offices in the US, Australia, the UK, and the UAE, Insitu has manufactured and fielded more than 3,500 UAS and provides operations and support networks in every hemisphere of the globe. Additional details of the transaction are available in Archer's Form 8-K filed today with the Securities and Exchange Commission. The transaction remains subject to certain agreed-upon closing conditions, including expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act and is expected to close by the end of 2026. Moelis & Company LLC is acting as financial advisor to Archer and Fenwick & West LLP is serving as outside counsel. J.P. Morgan Securities LLC is serving as financial advisor to Boeing and Mayer Brown LLP is acting as outside counsel.
About Boeing
A leading global aerospace company and top U.S. exporter, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. Our U.S. and global workforce and supplier base drive innovation, economic opportunity, sustainability and community impact. Boeing is committed to fostering a culture based on our core values of safety, quality and integrity.
About Archer
Archer builds the aircraft and core technologies that will define the next era of flight for aerospace and defense.
Archer Media Relations Contact: [email protected]
Boeing Media Relations Contact: [email protected]
Archer's Forward-Looking Statements and Disclaimers
This press release contains forward-looking statements regarding Archer's future business plans, expectations, and opportunities, including statements regarding the expected timing and structure of the transaction; the ability of the parties to complete the transaction; the expected benefits of the transaction, including future financial and operating results and strategic benefits; and plans, objectives, and anticipated benefits of acquisitions, strategic investments, partnerships, and collaborations with third parties. Forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors.
These forward-looking statements are based on Archer's current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from Archer's current expectations. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. The inclusion of such statements should not be regarded as a representation that such plans, estimates or expectations will be achieved. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include, among others, (i) that one or more closing conditions to the transaction, including certain regulatory approvals, may not be satisfied or waived, on a timely basis or otherwise, including that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the transaction, or may require conditions, limitations or restrictions in connection with such approvals; (ii) the risk that the transaction may not be completed on the terms or in the time frame expected by Archer, or at all; (iii) unexpected costs, charges or expenses resulting from the transaction; (iv) uncertainty of the expected financial performance of Archer following completion of the transaction; (v) failure to realize the anticipated benefits of the transaction, including as a result of delay in completing the transaction or integrating the businesses, on the expected timeframe or at all; (vi) the occurrence of any event that could give rise to termination of the transaction; (vii) the risk that stockholder litigation in connection with the transaction or other litigation, settlements or investigations may affect the timing or occurrence of the transaction or result in significant costs of defense, indemnification and liability; (viii) risks related to the disruption of management time from ongoing business operations due to the pendency of the transaction, or other effects of the pendency of the transaction on the relationship of any of the parties to the transaction with their employees, customers, suppliers or other counterparties; and (ix) other risk factors detailed from time to time in Archer's reports filed with the Securities and Exchange Commission (the "SEC"), including documents that will be filed with the SEC in connection with the transaction. Any forward-looking statements contained herein are based on assumptions that Archer believes to be reasonable as of the date of this press release. Archer undertakes no obligation to update these statements as a result of new information or future events.
Boeing's Forward-Looking Statements and Disclaimers
This press release also contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 regarding The Boeing Company, including statements regarding the anticipated terms, timing, and completion of the proposed transaction, the strategic and financial benefits expected to result from the transaction, and Boeing's future business plans and strategy. These statements are based on current expectations and assumptions that are subject to risks and uncertainties, many of which are beyond Boeing's control, and actual results may differ materially from those expressed or implied. Factors that could cause actual results to differ include those described in Boeing's most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the Securities and Exchange Commission. Boeing undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
1 Based on Insitu's current financials and financial estimates
The Federal Aviation Administration has certified the Boeing 737 Max 7, the smallest model in the bestselling family of aircraft, after nearly a decade of delays.
The agency on Monday said the approval "reflects years of sustained work to resolve complex technical issues and complete a thorough review of the airplane's design and supporting safety analyses."
Carriers including Southwest Airlines expected to fly the plane before the pandemic, but increased regulatory scrutiny following the fatal crashes of the in-service Max 8, in 2018 and 2019, other safety and manufacturing crises, and the redesign of an engine anti-icing system delayed certification.
Southwest said in a statement that "certification is an important step toward continuing to modernize our all-Boeing 737 fleet with upgraded interiors and more fuel-efficient aircraft to fit our Customers' preferences and demand patterns."
Airlines can finally start flying passengers soon after planes are certified, but it can take them months to work them into schedules.
Boeing said in a blog post Monday that it and Southwest are preparing for delivery of the first airplane.
"This important certification validates the rigor of our airplane's design and recognizes the determination and resilience of our 737 MAX development team," Stephanie Pope, president and CEO of Boeing Commercial Airplanes, said in a statement.
The FAA said it "required the MAX-7 to incorporate key improvements ... including updates to the flight-control software, flightcrew alerting system, and a redesigned engine anti-ice system," adding that those changes prevent the engine from overheating.
The plane maker is also awaiting certification from the FAA of another long-delayed model, the 737 Max 10, which is the largest in the family and one that some carriers expected to start flying in 2020 as well as the manufacturer's largest plane, the 777X.
Boeing has about 40 of the 737-7s and 737 Max 10s built and in inventory already, and the FAA approval could help the manufacturer bring in much-needed cash, Jefferies analyst Sheila Kahyaoglu said in a note Sunday. Boeing and other manufacturers receive the bulk of an airplane's price when they hand it over to customers.
Boeing stock rose more than 5% in afternoon trading Monday.
The manufacturer, a top U.S. exporter, has been working to ramp up production of its 737 Maxes and 787 Dreamliners, key to its recovery after years of crisis since airlines and other customers pay the bulk of the aircraft's price upon delivery. Boeing opened a new production line in Everett, Washington, in July for its 737 Max airplanes.
The company has been working to win back the trust of the FAA, and has made strides, including in mid-July, when the FAA said it could once again issue airworthiness certificates for its bestselling 737 Max aircraft and 787 Dreamliners. The agency stripped that from Boeing after the Max 8 crashes, which killed 346 people.
— CNBC's Michele Luhn contributed to this report.
Read more CNBC airline newsSouthwest Airlines put Texas jet fuel on a boat to LA for the first time amid supply worriesUnited Airlines’ new upsell: Keeping other travelers out of the middle seatDelta launches ‘basic business’ fares without lounge access, seat selectionRecord heat, crowds drive offseason boom in international travel'Bring 'em on': Delta wants United's crown over the Pacific, tooMeet the pilots flying Spirit Airlines' yellow jets to the desert
FAS Wealth Partners zvýšila ve 1. čtvrtletí podíl v Boeingu o 37,3 % na 20 230 akcií v hodnotě 4,03 milionu USD. Boeing zároveň oznámil čtvrtletní EPS -0,76 USD při tržbách 24,56 miliardy USD.
FAS Wealth Partners Inc. boosted its stake in shares of The Boeing Company (NYSE:BA – Free Report) by 37.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,230 shares of the aircraft producer’s stock after acquiring an additional 5,501 shares during the period. FAS Wealth Partners Inc.’s holdings in Boeing were worth $4,026,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Revolve Wealth Partners LLC acquired a new stake in Boeing during the fourth quarter worth about $201,000. Sivia Capital Partners LLC increased its holdings in Boeing by 16.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock valued at $320,000 after buying an additional 217 shares during the period. AXA S.A. raised its position in shares of Boeing by 1,225.7% in the 2nd quarter. AXA S.A. now owns 34,655 shares of the aircraft producer’s stock valued at $7,261,000 after buying an additional 32,041 shares in the last quarter. Ieq Capital LLC raised its position in shares of Boeing by 243.8% in the 2nd quarter. Ieq Capital LLC now owns 33,485 shares of the aircraft producer’s stock valued at $7,016,000 after buying an additional 23,746 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of Boeing by 4.2% during the 2nd quarter. Alliancebernstein L.P. now owns 1,334,451 shares of the aircraft producer’s stock worth $279,608,000 after acquiring an additional 53,736 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.
Boeing Price Performance BA stock opened at $216.64 on Monday. The company has a 50 day simple moving average of $219.14 and a 200 day simple moving average of $223.81. The stock has a market cap of $171.23 billion, a price-to-earnings ratio of 93.78 and a beta of 1.21. The Boeing Company has a 1 year low of $176.77 and a 1 year high of $254.35. The company has a debt-to-equity ratio of 6.77, a current ratio of 1.14 and a quick ratio of 0.33.
Boeing (NYSE:BA – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.42). Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The company had revenue of $24.56 billion during the quarter, compared to the consensus estimate of $24.26 billion. During the same period in the previous year, the company earned ($1.24) EPS. Boeing’s revenue for the quarter was up 8.0% on a year-over-year basis. Research analysts anticipate that The Boeing Company will post -0.81 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth Several research firms recently issued reports on BA. Wolfe Research reiterated an “outperform” rating and set a $275.00 price target on shares of Boeing in a research report on Thursday, April 23rd. Btg Pactual set a $260.00 target price on Boeing in a research note on Tuesday, July 14th. JPMorgan Chase & Co. raised their target price on Boeing from $270.00 to $290.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Tigress Financial lifted their price target on Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Citigroup boosted their price target on Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $264.11.
Check Out Our Latest Stock Report on Boeing
Insider Activity at Boeing In other news, Director Bradley D. Tilden acquired 1,370 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were bought at an average price of $218.50 per share, with a total value of $299,345.00. Following the acquisition, the director directly owned 1,370 shares in the company, valued at $299,345. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.10% of the company’s stock.
Boeing News Roundup Here are the key news stories impacting Boeing this week:
Positive Sentiment: Boeing’s commercial-airplane recovery remains the key catalyst. Reports indicate accelerating deliveries, with the company targeting as many as 600 commercial aircraft in 2026 and forecasting $1 billion to $3 billion in cash flow. Stronger deliveries could improve liquidity and help convert backlog into earnings and free cash flow. Boeing’s Delivery Pace Is Finally Accelerating Boeing’s recovery momentum surges with $24.6B revenue in Q2 Positive Sentiment: Boeing has offered a new contract to roughly 17,000 commercial-airplane engineers and technical workers, and union negotiators have endorsed the proposal. A successful agreement could reduce the risk of another labor disruption affecting production and deliveries. Boeing sends contract offer to engineers union Positive Sentiment: JPMorgan raised its Boeing price target to $290, signaling greater confidence in the recovery outlook, although target changes are analyst opinions rather than guarantees. JPMorgan boosts Boeing price target Neutral Sentiment: Coverage portrays Boeing as rebuilding customer and investor trust after years of safety and execution problems. The longer-term opportunity is significant, but the company still must demonstrate sustained profitability and operational consistency. The return of Boeing, and the long road to restore their reputation Neutral Sentiment: RBC lowered its Boeing price target to $265, contrasting with JPMorgan’s increase and highlighting disagreement among analysts about the pace and reliability of the turnaround. RBC lowers Boeing price target Negative Sentiment: A Government Accountability Office report found that Boeing’s $21 billion B-52 modernization program is already experiencing cost increases and schedule delays. Further overruns could pressure margins and raise concerns about execution in Boeing’s defense business. Boeing’s $21 billion B-52 upgrade faces cost overruns Negative Sentiment: WestJet has begun parking Boeing 737 aircraft while negotiations with flight attendants remain unresolved. A strike or other labor disruption could temporarily reduce aircraft utilization and delay deliveries or related revenue, adding to Boeing’s broader labor and production risks. WestJet starts parking Boeing 737 jets About Boeing (Free Report)
Boeing Company (NYSE: BA) is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.
Boeing’s principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.
Recommended Stories Five stocks we like better than Boeing 3 Fixed-Income ETFs Show Why Yield Is Only Part of the Income Story AbbVie Quietly Solved Its Biggest Problem—Now What? Rio Tinto’s Results Make the Case for Looking Beyond Tech in the AI Trade Strategy’s Structural Strength: Hidden in a $8 Billion Illusion
Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.
« PREVIOUS HEADLINECurry Webb Wealth Management LLC Invests $8.14 Million in SPDR Gold Shares $GLD
NEXT HEADLINE »Bartlett & CO. Wealth Management LLC Has $364.54 Million Stock Holdings in Microsoft Corporation $MSFT
The 777-9 fatigue test aircraft at the Boeing Factory in Everett, Washington, U.S., July 8, 2026. Jennifer Buchanan/Seattle Times/Pool via REUTERS/File Photo Purchase Licensing Rights, opens new tab
CompaniesSEATTLE, July 30 (Reuters) - Boeing (BA.N), opens new tab said on Thursday it had sent a contract offer to the union representing roughly 17,000 engineers and technical workers in its commercial airplane division.
The Society of Professional Engineering Employees in Aerospace's negotiating team endorsed the deal, according to a post on the union's website.
The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here.
No details of the proposed contract were immediately available.
The SPEEA negotiating team said the proposal "offers real and meaningful value to the membership, delivers real positive change to work/life balance and delivers on the membership's priorities."
Union officials for the engineers and technicians bargaining units will review the terms and make a recommendation to members next week.
The current SPEEA contract expires on October 6.
A strike could further delay certification campaigns for Boeing's 737 MAX 10 - the largest variant of its single-aisle jet - and the 777-9, its largest jetliner. The company is already years behind schedule on certification, which is engineering-intensive work.
Boeing has had three major union contract negotiations in as many years. The previous two, covering the planemaker's commercial aircraft workers and a separate bargaining unit of defense workers, both represented by the International Association of Machinists and Aerospace Workers, ended after extended strikes.
In January, Boeing reached a contract with roughly 1,600 SPEEA members at the former Spirit AeroSystems in Wichita, Kansas. The contract included a $6,000 ratification bonus, annual wage increases, improvements to medical and retirement plans, and an additional six days off a year.
Reporting by Dan Catchpole in Seattle; Editing by Jamie Freed
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Boeing zrychluje dodávky letadel, což potvrzuje zlepšení jeho klíčového provozního ukazatele. U programu 737 MAX firma zvýšila tempo výroby z 38 na 42 měsíčně a míří na 47 měsíčně.
Boeing's (BA +3.22%) recent results helped confirm the improvement in its single most important operational metric: airplane deliveries from Boeing Commercial Airplanes (BCA). It's a positive development and helps build the buy case for the stock.
Boeing's deliveries matter The chart below shows the strength of the relationship between BCA deliveries and the company's free-cash-flow (FCF) generation. This is completely understandable given that the BCA segment is its core business. Moreover, the best way Boeing can grow its profit margins is by ramping up deliveries, as it has a massive fixed cost structure. As more aircraft roll off the production line, the unit cost of each airplane will fall because fixed costs are spread across more aircraft.
Today's Change
(
3.22
%) $
6.89
Current Price
$
220.90
If the Wall Street consensus from Visible Alpha is a guide, Boeing's delivery ramp will reach $10 billion in 2028. Given that the company's market cap is only $175 billion, it would be trading at a very attractive valuation.
Data source: Company presentation. 2026-2028 estimates from Visible Alpha. Chart by the author.
Boeing is ramping up deliveries The 737 MAX narrow-body is the key program to monitor, and the good news is Boeing has ramped up its production rate from 38 a month in 2025 to 42 a month at the end of 2025. Furthermore, according to CEO Kelly Ortberg on the recent earnings call, "On 737, we're now ramping to 47 airplanes per month after a successful Capstone review in May and expect factory rollouts to reach 47 per month this summer."
If Boeing continues to ramp up its narrow-body and wide-body deliveries according to its plans, then its FCF growth will support share price appreciation.
Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Boeing. The Motley Fool has a disclosure policy.
BA ve 2. čtvrtletí dodala 171 komerčních letadel, nejvíce od roku 2018, a udržela výhled volného peněžního toku na 1 až 3 miliardy USD. Zároveň pokročila v certifikaci 737-7, 737-10 a 777-9.
Key Takeaways BA delivered 171 commercial aircraft, its highest quarterly delivery total since 2018.BA completed key 737-7 testing, advanced 737-10 and kept 777-9 on track for 2027 delivery.BA maintained $1-$3 billion free cash flow outlook and reported a record $715 billion backlog. The Boeing Company (BA - Free Report) used its second-quarter 2026 earnings call to emphasize operational stability, higher production rates, and progress on key aircraft certification programs. Management repeatedly pointed to improving execution as the foundation for stronger financial performance and future cash generation.
The discussion centered less on quarterly results and more on Boeing’s ability to increase output, strengthen relationships with regulators and suppliers, and convert its record backlog into sustained growth.
Earnings and Revenues Versus EstimatesBoeing reported a core loss of $0.76 per share for the second quarter, wider than the Zacks Consensus Estimate of a loss of $0.34 per share. Revenues increased 8% year over year to $24.56 billion and exceeded the Zacks Consensus Estimate of $24.05 billion. The company delivered 171 commercial aircraft during the quarter, its highest quarterly delivery total since 2018.
BA Pushes Ahead With Certification MilestonesPresident and CEO Kelly Ortberg highlighted certification execution as one of Boeing’s top priorities for 2026. He said testing on the 737-7 has been completed and the company expects an amended type certificate soon.
Ortberg also noted that the 737-10 recently completed its final test flight and is expected to be certified after the 737-7. Boeing continues to target first deliveries of both variants in 2027.
The executive added that the 777-9 remains on schedule for its first delivery in 2027. More than half of certification flight testing has now been completed following FAA approval for the next phase of testing.
Boeing Accelerates Commercial ProductionManagement devoted significant attention to production increases across the commercial portfolio. Ortberg said the 737 program is ramping toward 47 aircraft per month after a successful review process earlier this year.
Boeing also launched low-rate production on its new 737 North Line, which management views as an important step toward reaching a production rate of 52 aircraft per month.
On the 787 program, the company stabilized output at eight aircraft per month. While Boeing temporarily slowed production systems during the quarter to support supply-chain recovery, executives maintained that production increases will continue only when safety and quality targets are met.
BA Benefits From Record BacklogExecutives repeatedly referenced Boeing’s record backlog as evidence of sustained demand across commercial aviation markets.
Ortberg said the company ended the quarter with more than 6,200 commercial aircraft in backlog and total company backlog reached a record $715 billion.
Management also highlighted strong market fundamentals, citing an industry outlook calling for nearly 44,000 new aircraft deliveries over the next two decades. The backlog provides visibility as Boeing works through production increases and certification milestones.
Defense Business Shows Mixed ProgressBoeing’s Defense, Space & Security segment generated revenue growth but remained pressured by development program costs.
Ortberg disclosed a $280 million charge tied to the VC-25B presidential aircraft program. The company is adding resources to support production, certification and flight-testing activities while maintaining its commitment to deliver the aircraft in 2028.
At the same time, management pointed to progress elsewhere in the portfolio. Both the MQ-25 and T-7 programs achieved Milestone C approval, allowing low-rate initial production to begin, while classified programs, missiles and tanker activity supported revenue growth.
BA Maintains Cash Flow OutlookChief financial officer Jesus Malave said second-quarter free cash flow reached $631 million, exceeding expectations due partly to favorable receipt timing.
Despite a planned $700 million Department of Justice payment expected in the third quarter, Boeing maintained its full-year free cash flow outlook of $1 billion to $3 billion.
Malave reiterated that improving commercial deliveries, better defense execution and continued growth in services remain the primary drivers of future cash generation. He also said that the company has reduced debt by $8.2 billion year to date while preserving access to undrawn credit facilities.
Analyst Questions Focus on Cash Flow and DeliveriesDuring the question-and-answer session, analysts concentrated on the sustainability of Boeing’s cash flow improvement and the trajectory of future deliveries.
Responding to a JPMorgan analyst, Malave expressed confidence in achieving the midpoint of the company’s free cash flow target range. He emphasized that stronger delivery performance remains the largest variable that could drive results above current expectations.
Management also reinforced that supply-chain readiness, particularly engine availability for the 787 program, remains a key factor influencing production and delivery plans entering 2027.
Boeing Enters H2 With Improved MomentumThe overall tone of the call was notably more confident than in prior periods, with executives emphasizing operational stability and execution rather than turnaround efforts.
Ortberg said Boeing has rebuilt trust with regulators, suppliers and customers while establishing a stronger foundation for future growth. He pointed to increasing production rates, certification progress and a growing backlog as evidence that the company is moving in the right direction.
Zacks Rank and Style Scores SignalBA currently carries a Zacks Rank #3 (Hold) with Value, Growth and VGM Scores of C and a Momentum Score of B. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
A Zacks Rank #3 (Hold) generally indicates balanced near-term earnings estimate trends. The stronger Momentum Score suggests relatively favorable price-performance characteristics, while the C-rated Value, Growth and VGM Scores indicate more neutral characteristics across those investment styles. As always, the Zacks Rank can change as analysts revise earnings estimates following the latest quarterly results.
Boeing ve 2. čtvrtletí zvýšil tržby na 24,6 miliardy USD a vykázal ztrátu 0,67 USD na akcii. Konec čtvrtletí přinesl rekordní objem zakázek 715 miliard USD.
Revenue increased to $24.6 billion primarily reflecting 171 commercial deliveries GAAP loss per share of ($0.67) and core loss per share (non-GAAP)* of ($0.76) Operating cash flow of $1.4 billion and free cash flow (non-GAAP)* of $0.6 billion Total company backlog grew to a record $715 billion, including over 6,200 commercial airplanes Table 1. Summary Financial Results
Second Quarter
First Half
(Dollars in Millions, except per share data)
2026
2025
Change
2026
2025
Change
Revenues
$24,560
$22,749
8 %
$46,777
$42,245
11 %
GAAP
Earnings/(loss) from operations
$156
($176)
NM
$604
$285
112 %
Operating margins
0.6 %
(0.8) %
1.4 Pts
1.3 %
0.7 %
0.6 Pts
Net loss
($428)
($612)
NM
($435)
($643)
NM
Diluted loss per share
($0.67)
($0.92)
NM
($0.79)
($1.09)
NM
Operating cash flow
$1,364
$227
501 %
$1,185
($1,389)
NM
Non-GAAP*
Core operating earnings/(loss)
$1
($433)
NM
$294
($234)
NM
Core operating margins
0.0 %
(1.9) %
1.9 Pts
0.6 %
(0.6) %
1.2 Pts
Core loss per share
($0.76)
($1.24)
NM
($0.97)
($1.73)
NM
*Non-GAAP measure; complete definitions of Boeing's non-GAAP measures are on page 5, "Non-GAAP Measures Disclosures."
The Boeing Company [NYSE: BA] recorded second quarter revenue of $24.6 billion, GAAP loss per share of ($0.67) and core loss per share (non-GAAP)* of ($0.76). The company reported operating cash flow of $1.4 billion and free cash flow (non-GAAP)* of $0.6 billion. Results primarily reflect higher commercial delivery volume and favorable working capital within the year. Total company backlog at quarter end grew to a record $715 billion.
"I'm very pleased with the progress our team is making as we execute our plan. Our operations are more stable and key certification programs remain on plan. Our focus has been on restoring trust and we are now building on that through a sustained focus on safety, quality, and on-time performance," said Kelly Ortberg, Boeing president and chief executive officer. "While there is more work ahead in the second half of the year, the momentum we are building continues to move Boeing in the right direction."
Table 2. Cash Flow
Second Quarter
First Half
(Millions)
2026
2025
2026
2025
Operating cash flow
$1,364
$227
$1,185
($1,389)
Less additions to property, plant & equipment
($733)
($427)
($2,008)
($1,101)
Free cash flow*
$631
($200)
($823)
($2,490)
*Non-GAAP measure; complete definitions of Boeing's non-GAAP measures are on page 5, "Non-GAAP Measures Disclosures."
Operating cash flow was $1.4 billion in the quarter reflecting higher commercial deliveries and working capital timing. Additions to property, plant and equipment primarily reflects higher investments in Charleston and St. Louis sites.
Table 3. Cash, Marketable Securities and Debt Balances
Quarter End
(Billions)
2Q 2026
1Q 2026
Cash and investments in marketable securities1
$20.0
$20.9
Consolidated debt
$45.9
$47.2
1Marketable securities consist primarily of time deposits due within one year classified as "short-term investments."
Cash and investments in marketable securities totaled $20.0 billion, compared to $20.9 billion at the beginning of the quarter, reflecting debt repayments partially offset by cash flow generated in the quarter. The company maintains access to credit facilities of $10.0 billion, which remain undrawn.
Segment Results
Commercial Airplanes
Table 4. Commercial Airplanes
Second Quarter
First Half
(Dollars in Millions)
2026
2025
Change
2026
2025
Change
Deliveries
171
150
14 %
314
280
12 %
Revenues
$11,751
$10,874
8 %
$20,954
$19,021
10 %
Loss from operations
($322)
($557)
NM
($885)
($1,094)
NM
Operating margins
(2.7) %
(5.1) %
2.4 Pts
(4.2) %
(5.8) %
1.6 Pts
Commercial Airplanes second quarter revenue of $11.8 billion and operating margin of (2.7) percent primarily reflects higher deliveries, favorable mix, improved performance, and other adjustments.
The 737 program began transitioning production to 47 per month rate in the quarter and activated low-rate initial production on the 737 North Line in July. As of July, certification flight testing has been completed on both the 737-7 and 737-10. The company continues to anticipate certification in 2026 and first delivery in 2027 for both variants. In the quarter, the 777X program received FAA approval to begin certification flight testing under Type Inspection Authorization 4B. The company continues to anticipate first delivery in 2027.
Commercial Airplanes booked 246 net orders including orders from Korean Air, Delta Air Lines, and SMBC Capital. Commercial Airplanes delivered 171 airplanes and backlog included over 6,200 airplanes valued at a record $597 billion.
Defense, Space & Security
Table 5. Defense, Space & Security
Second Quarter
First Half
(Dollars in Millions)
2026
2025
Change
2026
2025
Change
Revenues
$7,483
$6,617
13 %
$15,082
$12,915
17 %
Earnings/(loss) from operations
($15)
$110
NM
$218
$265
(18) %
Operating margins
(0.2) %
1.7 %
(1.9) Pts
1.4 %
2.1 %
(0.7) Pts
Defense, Space & Security second quarter revenue was $7.5 billion driven by higher volume. Operating margin was (0.2) percent in the quarter. Results include $280 million of losses on the VC-25B program primarily driven by an investment in additional production and certification resources. The company continues to anticipate first delivery in 2028.
During the quarter, Defense, Space & Security secured an award from the U.S. Space Force to provide proprietary communications capabilities, successfully completed first flight and received Milestone C on the U.S. Navy MQ-25A Stingray, and began low-rate initial production of the U.S. Air Force T-7A Red Hawk. Backlog at Defense, Space & Security was $85 billion, with 27 percent representing orders from customers outside the U.S.
Global Services
Table 6. Global Services
Second Quarter
First Half
(Dollars in Millions)
2026
2025
Change
2026
2025
Change
Revenues
$5,344
$5,281
1 %
$10,714
$10,344
4 %
Earnings from operations
$968
$1,049
(8) %
$1,939
$1,992
(3) %
Operating margins
18.1 %
19.9 %
(1.8) Pts
18.1 %
19.3 %
(1.2) Pts
Global Services second quarter revenue was $5.3 billion on higher volume. Operating margin of 18.1 percent reflects impacts from the Digital Aviation Solutions divestiture, higher costs, and unfavorable mix.
In the quarter, Global Services captured an award from the U.S. Navy to provide training systems for the P-8A and announced an agreement with Alaska Airlines to integrate the Boeing Virtual Airplane training solution. Global Services ended the quarter with backlog of $33 billion.
Additional Financial Information
Table 7. Additional Financial Information
Second Quarter
First Half
(Dollars in Millions)
2026
2025
2026
2025
Revenues
Unallocated items, eliminations and other
($18)
($23)
$27
($35)
Earnings/(loss) from operations
Unallocated items, eliminations and other
($630)
($1,035)
($978)
($1,397)
FAS/CAS service cost adjustment
$155
$257
$310
$519
Other income, net
$79
$325
$273
$648
Interest and debt expense
($600)
($710)
($1,216)
($1,418)
Income Tax Expense
($63)
($51)
($96)
($158)
Unallocated items, eliminations and other primarily reflects timing of allocations.
Non-GAAP Measures Disclosures
We supplement the reporting of our financial information determined under Generally Accepted Accounting Principles in the United States of America (GAAP) with certain non-GAAP financial information. The non-GAAP financial information presented excludes certain significant items that may not be indicative of, or are unrelated to, results from our ongoing business operations. We believe that these non-GAAP measures provide investors with additional insight into the company's ongoing business performance. These non-GAAP measures should not be considered in isolation or as a substitute for the related GAAP measures, and other companies may define such measures differently. We encourage investors to review our financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure. The following definitions are provided:
Core Operating Earnings/(Loss), Core Operating Margins and Core Earnings/(Loss) Per Share
Core operating earnings/(loss) is defined as GAAP Earnings/(loss) from operations excluding the FAS/CAS service cost adjustment. The FAS/CAS service cost adjustment represents the difference between the Financial Accounting Standards (FAS) pension and postretirement service costs calculated under GAAP and costs allocated to the business segments. Core operating margins is defined as Core operating earnings/(loss) expressed as a percentage of revenue. Core earnings/(loss) per share is defined as GAAP Diluted earnings/(loss) per share excluding the net earnings/(loss) per share impact of the FAS/CAS service cost adjustment and Non-operating pension and postretirement expenses. Non-operating pension and postretirement expenses represent the components of net periodic benefit costs other than service cost. Pension costs allocated to BDS and BGS businesses supporting government customers are computed in accordance with U.S. Government Cost Accounting Standards (CAS), which employ different actuarial assumptions and accounting conventions than GAAP. CAS costs are allocable to government contracts. Other postretirement benefit costs are allocated to all business segments based on CAS, which is generally based on benefits paid. Management uses core operating earnings/(loss), core operating margins and core earnings/(loss) per share for purposes of evaluating and forecasting underlying business performance. Management believes these core measures provide investors additional insights into operational performance as they exclude non-service pension and post-retirement costs, which primarily represent costs driven by market factors and costs not allocable to government contracts. A reconciliation of these non-GAAP measures to the most directly comparable GAAP measure is provided on page 12.
Free Cash Flow
Free cash flow is GAAP operating cash flow reduced by capital expenditures for property, plant and equipment. Management believes free cash flow provides investors with an important perspective on the cash available for shareholders, debt repayment, and acquisitions after making the capital investments required to support ongoing business operations and long term value creation. Free cash flow does not represent the residual cash flow available for discretionary expenditures as it excludes certain mandatory expenditures such as repayment of maturing debt. Management uses free cash flow as a measure to assess both business performance and overall liquidity. See Table 2 on page 2 for a reconciliation of free cash flow to the most directly comparable GAAP measure, operating cash flow.
Caution Concerning Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "may," "will," "should," "expects," "intends," "projects," "plans," "believes," "estimates," "targets," "anticipates," and other similar words or expressions, or the negative thereof, generally can be used to help identify these forward-looking statements. Examples of forward-looking statements include statements relating to our future financial condition and operating results, industry projections and outlooks, plans, objectives and goals, as well as any other statement that does not directly relate to any historical or current fact. Forward-looking statements are based on expectations and assumptions that we believe to be reasonable when made, but that may not prove to be accurate.
These statements are not guarantees and are subject to risks, uncertainties, and changes in circumstances that are difficult to predict. Many factors could cause actual results to differ materially and adversely from these forward-looking statements. Among these factors are risks related to: (1) general conditions in the economy and our industry, including those due to regulatory changes and geopolitical developments; (2) our reliance on our commercial airline customers; (3) the overall health of our aircraft production system, production quality issues, commercial airplane production rates, our ability to successfully develop and certify new aircraft or new derivative aircraft, and the ability of our aircraft to meet stringent performance and reliability standards; (4) changing budget and appropriation levels and acquisition priorities of the U.S. government, as well as significant delays in U.S. government appropriations; (5) our dependence on our subcontractors and suppliers, as well as the availability of highly skilled labor and raw materials; (6) work stoppages or other labor disruptions; (7) competition within our markets; (8) our non-U.S. operations and sales to non-U.S. customers, including tariffs, trade restrictions and government actions; (9) changes in accounting estimates; (10) realizing the anticipated benefits of mergers, acquisitions, joint ventures/strategic alliances or divestitures, including anticipated synergies and quality improvements related to our acquisition of Spirit AeroSystems Holdings, Inc.; (11) our dependence on U.S. government contracts; (12) our reliance on fixed-price contracts; (13) our reliance on cost-type contracts; (14) contracts that include in-orbit incentive payments; (15) management of a complex, global IT infrastructure; (16) compromised or unauthorized access to our, our customers' and/or our suppliers' information and systems; (17) potential business disruptions, including threats to physical security or our information technology systems, extreme weather (including effects of climate change) or other acts of nature, and pandemics or other public health crises; (18) potential adverse developments in new or pending litigation and/or government inquiries or investigations; (19) potential environmental liabilities; (20) effects of climate change and legal, regulatory or market responses to such change; (21) credit rating agency actions and our ability to effectively manage our liquidity; (22) substantial pension and other postretirement benefit obligations; (23) the adequacy of our insurance coverage; (24) the dilutive effect of future issuances of our common stock; and (25) the preferential treatment of our 6.00% mandatory convertible preferred stock.
Additional information concerning these and other factors can be found in our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Any forward-looking statement speaks only as of the date on which it is made, and we assume no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.
Contact:
Investor Relations:
Eric Hill or Mike Harris [email protected]
Communications:
Wilson Chow [email protected]
The Boeing Company and Subsidiaries
Consolidated Statements of Operations
(Unaudited)
Six months ended
June 30
Three months ended
June 30
(Dollars in millions, except per share data)
2026
2025
2026
2025
Sales of products
$40,364
$35,269
$21,366
$19,122
Sales of services
6,413
6,976
3,194
3,627
Total revenues
46,777
42,245
24,560
22,749
Cost of products
(36,518)
(31,785)
(19,487)
(17,406)
Cost of services
(5,299)
(5,608)
(2,659)
(2,908)
Total costs and expenses
(41,817)
(37,393)
(22,146)
(20,314)
4,960
4,852
2,414
2,435
Income from operating investments, net
14
28
24
25
General and administrative expense
(2,625)
(2,905)
(1,428)
(1,793)
Research and development expense, net
(1,824)
(1,754)
(921)
(910)
Gain on dispositions, net
79
64
67
67
Earnings/(loss) from operations
604
285
156
(176)
Other income, net
273
648
79
325
Interest and debt expense
(1,216)
(1,418)
(600)
(710)
Loss before income taxes
(339)
(485)
(365)
(561)
Income tax expense
(96)
(158)
(63)
(51)
Net loss
(435)
(643)
(428)
(612)
Less: Net earnings/(loss) attributable to noncontrolling interest
13
5
16
(1)
Net loss attributable to Boeing shareholders
(448)
(648)
(444)
(611)
Less: Mandatory convertible preferred stock dividends accumulated during the period
172
172
86
86
Net loss attributable to Boeing common shareholders
($620)
($820)
($530)
($697)
Basic loss per share
($0.79)
($1.09)
($0.67)
($0.92)
Diluted loss per share
($0.79)
($1.09)
($0.67)
($0.92)
The Boeing Company and Subsidiaries
Consolidated Statements of Financial Position
(Unaudited)
(Dollars in millions, except per share data)
June 30
2026
December 31
2025
Assets
Cash and cash equivalents
$7,239
$10,921
Short-term and other investments
12,783
18,479
Accounts receivable, net
3,515
2,921
Unbilled receivables, net
9,660
9,158
Inventories
88,388
84,679
Other current assets, net
3,045
2,301
Total current assets
124,630
128,459
Financing receivables and operating lease equipment, net
365
241
Property, plant and equipment, net of accumulated depreciation of $24,318 and
$23,613
16,321
15,361
Goodwill
17,554
17,275
Acquired intangible assets, net
1,531
1,567
Deferred income taxes
152
107
Investments
1,117
1,048
Other assets, net of accumulated amortization of $1,138 and $1,014
4,200
4,177
Total assets
$165,870
$168,235
Liabilities and equity
Accounts payable
$14,346
$13,109
Accrued liabilities
26,593
27,141
Advances and progress billings
64,059
59,404
Short-term debt and current portion of long-term debt
4,565
8,461
Total current liabilities
109,563
108,115
Deferred income taxes
260
216
Accrued retiree health care
2,027
2,091
Accrued pension plan liability, net
4,108
4,287
Other long-term liabilities
2,462
2,432
Long-term debt
41,335
45,637
Total liabilities
159,755
162,778
Shareholders' equity:
Mandatory convertible preferred stock, 6.00% Series A, par value $1.00 -
20,000,000 shares authorized; 5,750,000 shares issued; aggregate
liquidation preference $5,750
6
6
Common stock, par value $5.00 – 1,200,000,000 shares authorized;
1,012,261,159 shares issued
5,061
5,061
Additional paid-in capital
21,949
21,441
Treasury stock, at cost - 222,468,625 and 227,562,887 shares
(27,416)
(28,029)
Retained earnings
16,632
17,252
Accumulated other comprehensive loss
(10,132)
(10,277)
Total shareholders' equity
6,100
5,454
Noncontrolling interests
15
3
Total equity
6,115
5,457
Total liabilities and equity
$165,870
$168,235
The Boeing Company and Subsidiaries
Consolidated Statements of Cash Flows (Unaudited)
Six months ended June 30
(Dollars in millions)
2026
2025
Cash flows – operating activities:
Net loss
($435)
($643)
Adjustments to reconcile net loss to net cash provided/(used) by operating activities:
Non-cash items –
Share-based plans expense
264
254
Treasury shares issued for 401(k) contributions
855
793
Depreciation and amortization
1,169
926
Investment/asset impairment charges, net
18
30
Gain on dispositions, net
(79)
(64)
Other charges and credits, net
149
162
Changes in assets and liabilities –
Accounts receivable
(553)
(683)
Unbilled receivables
(504)
(908)
Advances and progress billings
4,660
(616)
Inventories
(3,859)
(374)
Other current assets
(642)
265
Accounts payable
1,381
(46)
Accrued liabilities
(1,070)
(248)
Income taxes receivable, payable and deferred
(20)
(3)
Other long-term liabilities
(92)
(212)
Pension and other postretirement plans
(55)
(292)
Financing receivables and operating lease equipment, net
(137)
185
Other
135
85
Net cash provided/(used) by operating activities
1,185
(1,389)
Cash flows – investing activities:
Payments to acquire property, plant and equipment
(2,008)
(1,101)
Proceeds from disposals of property, plant and equipment
3
4
Proceeds from dispositions
35
Contributions to investments
(19,444)
(21,581)
Proceeds from investments
25,090
18,847
Supplier notes receivable
(11)
(150)
Other
(1)
Net cash provided/(used) by investing activities
3,629
(3,946)
Cash flows – financing activities:
New borrowings
35
98
Debt repayments
(8,376)
(677)
Employee taxes on certain share-based payment arrangements
(32)
(18)
Dividends paid on mandatory convertible preferred stock
(172)
(158)
Other
32
30
Net cash used by financing activities
(8,513)
(725)
Effect of exchange rate changes on cash and cash equivalents
2
34
Net decrease in cash & cash equivalents, including restricted
(3,697)
(6,026)
Cash & cash equivalents, including restricted, at beginning of year
11,663
13,822
Cash & cash equivalents, including restricted, at end of period
7,966
7,796
Less restricted cash & cash equivalents, included in Investments
727
709
Cash & cash equivalents at end of period
$7,239
$7,087
The Boeing Company and Subsidiaries
Summary of Business Segment Data
(Unaudited)
Six months ended
June 30
Three months ended
June 30
(Dollars in millions)
2026
2025
2026
2025
Revenues:
Commercial Airplanes
$20,954
$19,021
$11,751
$10,874
Defense, Space & Security
15,082
12,915
7,483
6,617
Global Services
10,714
10,344
5,344
5,281
Unallocated items, eliminations and other
27
(35)
(18)
(23)
Total revenues
$46,777
$42,245
$24,560
$22,749
Earnings/(loss) from operations:
Commercial Airplanes
($885)
($1,094)
($322)
($557)
Defense, Space & Security
218
265
(15)
110
Global Services
1,939
1,992
968
1,049
Segment operating earnings
1,272
1,163
631
602
Unallocated items, eliminations and other
(978)
(1,397)
(630)
(1,035)
FAS/CAS service cost adjustment
310
519
155
257
Earnings/(loss) from operations
604
285
156
(176)
Other income, net
273
648
79
325
Interest and debt expense
(1,216)
(1,418)
(600)
(710)
Loss before income taxes
(339)
(485)
(365)
(561)
Income tax expense
(96)
(158)
(63)
(51)
Net loss
(435)
(643)
(428)
(612)
Less: Net earnings/(loss) attributable to noncontrolling interest
13
5
16
(1)
Net loss attributable to Boeing shareholders
(448)
(648)
(444)
(611)
Less: Mandatory convertible preferred stock dividends accumulated during the period
172
172
86
86
Net loss attributable to Boeing common shareholders
($620)
($820)
($530)
($697)
Research and development expense, net:
Commercial Airplanes
$1,200
$1,092
$597
$558
Defense, Space & Security
366
420
192
221
Global Services
48
59
26
30
Other
210
183
106
101
Total research and development expense, net
$1,824
$1,754
$921
$910
Unallocated items, eliminations and other:
Share-based plans
($52)
($51)
$3
($21)
Deferred compensation
(107)
(80)
(124)
(85)
Amortization of previously capitalized interest
(45)
(42)
(23)
(21)
Research and development expense, net
(210)
(183)
(106)
(101)
Eliminations and other unallocated items
(564)
(1,041)
(380)
(807)
Sub-total (included in Core operating earnings/(loss)
(978)
(1,397)
(630)
(1,035)
Pension FAS/CAS service cost adjustment
185
390
92
197
Postretirement FAS/CAS service cost adjustment
125
129
63
60
FAS/CAS service cost adjustment
310
519
$155
$257
Total
($668)
($878)
($475)
($778)
The Boeing Company and Subsidiaries
Operating and Financial Data
(Unaudited)
Deliveries
Six months
ended June 30
Three months
ended June 30
Commercial Airplanes
2026
2025
2026
2025
737
243
209
129
104
767
16
14
10
9
777
15
20
7
13
787
40
37
25
24
Total
314
280
171
150
Defense, Space & Security
AH-64 Apache (New)
8
6
6
2
AH-64 Apache (Remanufactured)
24
21
9
10
CH-47 Chinook (New)
5
1
4
—
CH-47 Chinook (Renewed)
3
7
2
5
F-15 Models
4
4
3
3
F/A-18 Models
5
9
3
4
KC-46 Tanker
8
5
4
5
MH-139
5
5
3
4
P-8 Models
2
2
1
1
Commercial Satellites
1
2
—
2
Total1
65
62
35
36
1Deliveries of new-build production units, including remanufactures and modifications
Total backlog (Dollars in millions)
June 30
2026
December 31
2025
Commercial Airplanes
$596,724
$567,290
Defense, Space & Security
85,322
84,786
Global Services
32,840
29,720
Unallocated items, eliminations and other
375
411
Total backlog
$715,261
$682,207
Contractual backlog
$674,506
$639,721
Unobligated backlog
40,755
42,486
Total backlog
$715,261
$682,207
The Boeing Company and Subsidiaries
Reconciliation of Non-GAAP Measures
(Unaudited)
The tables provided below reconcile the non-GAAP financial measures core operating earnings/(loss), core operating margins, and core earnings/(loss) per share with the most directly comparable GAAP financial measures of earnings/(loss) from operations, operating margins, and diluted earnings/(loss) per share. See page 5 of this release for additional information on the use of these non-GAAP financial measures.
(Dollars in millions, except per share data)
Second Quarter 2026
Second Quarter 2025
$ millions
Per Share
$ millions
Per Share
Revenues
$24,560
$22,749
Earnings/(loss) from operations (GAAP)
156
(176)
Operating margins (GAAP)
0.6 %
(0.8) %
FAS/CAS service cost adjustment:
Pension FAS/CAS service cost adjustment
(92)
(197)
Postretirement FAS/CAS service cost adjustment
(63)
(60)
FAS/CAS service cost adjustment
(155)
(257)
Core operating earnings/(loss) (non-GAAP)
$1
($433)
Core operating margins (non-GAAP)
0.0 %
(1.9) %
Diluted loss per share (GAAP)
($0.67)
($0.92)
Pension FAS/CAS service cost adjustment
($92)
(0.12)
($197)
(0.26)
Postretirement FAS/CAS service cost adjustment
(63)
(0.08)
(60)
(0.08)
Non-operating pension expense/(income)
73
0.10
(42)
(0.05)
Non-operating postretirement income
(9)
(0.01)
(4)
(0.01)
Provision for deferred income taxes on adjustments 1
19
0.02
64
0.08
Subtotal of adjustments
($72)
($0.09)
($239)
($0.32)
Core loss per share (non-GAAP)
($0.76)
($1.24)
Diluted weighted average common shares outstanding (in
millions)
790.6
756.6
1 The income tax impact is calculated using the U.S. corporate statutory tax rate.
The Boeing Company and Subsidiaries
Reconciliation of Non-GAAP Measures
(Unaudited)
The tables provided below reconcile the non-GAAP financial measures core operating earnings/(loss), core operating margins, and core earnings/(loss) per share with the most directly comparable GAAP financial measures of earnings/(loss) from operations, operating margins, and diluted earnings/(loss) per share. See page 5 of this release for additional information on the use of these non-GAAP financial measures.
(Dollars in millions, except per share data)
First Half of 2026
First Half of 2025
$ millions
Per Share
$ millions
Per Share
Revenues
$46,777
$42,245
Earnings from operations (GAAP)
604
285
Operating margins (GAAP)
1.3 %
0.7 %
FAS/CAS service cost adjustment:
Pension FAS/CAS service cost adjustment
(185)
(390)
Postretirement FAS/CAS service cost adjustment
(125)
(129)
FAS/CAS service cost adjustment
(310)
(519)
Core operating earnings/(loss) (non-GAAP)
$294
($234)
Core operating margins (non-GAAP)
0.6 %
(0.6) %
Diluted loss per share (GAAP)
($0.79)
($1.09)
Pension FAS/CAS service cost adjustment
($185)
(0.23)
($390)
(0.52)
Postretirement FAS/CAS service cost adjustment
(125)
(0.16)
(129)
(0.17)
Non-operating pension expense/(income)
147
0.18
(85)
(0.11)
Non-operating postretirement income
(18)
(0.02)
(9)
(0.01)
Provision for deferred income taxes on adjustments 1
38
0.05
129
0.17
Subtotal of adjustments
($143)
($0.18)
($484)
($0.64)
Core loss per share (non-GAAP)
($0.97)
($1.73)
Diluted weighted average common shares outstanding (in
millions)
789.2
755.0
1The income tax impact is calculated using the U.S. corporate statutory tax rate.
Boeing vykázal ve 2. čtvrtletí vyšší než očekávanou ztrátu, protože program Air Force One zatížil výsledky o 280 milionů USD. Tržby ale vzrostly o 8 % na 24,56 miliardy USD.
Boeing reported a bigger-than-expected loss for the second quarter as the aircraft manufacturer's long-delayed Air Force One program weighed down results.
Boeing took a $280 million loss on the program to deliver two 747s that will serve as the next generation Air Force One aircraft to the U.S. government as it said it ramped up investment for that plane. It said it still expects the first delivery in 2028.
"While we're making progress on our development programs, you're never done until you're done," CEO Kelly Ortberg said in a note to staff.
Here's what the company reported in the second quarter compared with what Wall Street analysts surveyed by LSEG were expecting:
Loss per share: 76 cents adjusted vs. a loss of 30 cents a share expectedRevenue: $24.56 billion vs. $24.25 billion expectedThe aircraft manufacturer, a top U.S. exporter, increased revenue 8% in the second quarter to $24.56 billion from a year earlier with gains across its businesses, including increased deliveries of commercial aircraft. Boeing has been ramping up production of its best-selling 737 Max airplanes to 47 a month, with further increases planned.
Tune in at 9:05 a.m. ET as Boeing CEO Kelly Ortberg joins CNBC TV to discuss earnings. Watch in real time on CNBC+ or the CNBC Pro stream.
Boeing's commercial aircraft deliveries in the second quarter rose 14% from a year earlier to 171 planes from 150 a year earlier.
Free cash flow of $631 million came in well above the $177 million cash burn analysts expected, and compares to $200 million burn in the second quarter a year ago.
Boeing reported a net loss of $428 million, or 67 cents a share, compared with a net loss last year of $612 million, or 92 cents a share. Adjusting for one-time items, Boeing reported a loss of 76 cents a share.
"While two quarters don't make a year, if we work together and stay focused on safety, quality and on-time performance — we'll improve our competitiveness and set ourselves up for a big second half," Ortberg said in the staff note.
Upcoming milestones include the certification of other delayed aircraft programs. First will likely be the Boeing 737 Max 7, the smallest aircraft in the family of planes.
Boeing executives will hold a call with analysts at 10:30 a.m. ET, where they'll likely face questions about certification of the 737 Max 10 and the 777X, its new wide-body aircraft.
Read more CNBC airline newsDelta launches ‘basic business’ fares without lounge access, seat selectionRecord heat, crowds drive offseason boom in international travelDelta expects higher airfare to last, bringing 2026 profit goal in reach'Bring 'em on': Delta wants United's crown over the Pacific, tooSpirit's collapse, high fuel prices test limits of summer vacation spendingMeet the pilots flying Spirit Airlines' yellow jets to the desert
FAA uvedla, že sedadla na 453 letounech Boeing 737 MAX registrovaných v USA mohou být špatně nainstalovaná a vyžadují kontrolu. Pokud se to neopraví, mohou při nouzovém přistání ohrozit cestující a posádku.
Item 1 of 2 A Boeing worker passes by a 737 MAX airplane on the final assembly production line during a media tour of the Boeing factory in Renton, Washington, U.S., April 15, 2026. REUTERS/Genna Martin//File Photo
[1/2]A Boeing worker passes by a 737 MAX airplane on the final assembly production line during a media tour of the Boeing factory in Renton, Washington, U.S., April 15, 2026. REUTERS/Genna... Purchase Licensing Rights, opens new tab Read more
CompaniesSEATTLE, July 27 (Reuters) - The U.S. Federal Aviation Administration said on Monday that seats on hundreds of Boeing (BA.N), opens new tab 737 MAX jets registered in the U.S. may require inspections in case they were incorrectly installed and needed to be fixed.
If not corrected, the seats could injure passengers and crew members during an emergency landing or block the aisle and slow an evacuation, the agency said.
The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here.
The FAA's proposed airworthiness directive issued on Monday would apply to 453 jets registered in the U.S. The agency only has jurisdiction over U.S. airlines, but foreign regulators typically follow FAA directives if applicable.
Nearly 2,300 737 MAX jets are in service around the world, including 823 in the U.S., according to aviation advisory and intelligence firm IBA.
The proposed directive comes as Boeing works to improve its production quality and boost output under CEO Kelly Ortberg. Production quality problems were revealed in early 2024 when a door plug panel blew out of a nearly new Alaska Air 737 MAX in flight.
The FAA said in the airworthiness directive proposal that it received a report that some passenger seat assemblies were not correctly installed in the seat tracks.
That meant the assemblies could disengage from the seat tracks if there was an increased load, turbulence or an emergency landing, the FAA said.
There could be up to 69 track-mounted passenger seat assemblies on each 737 MAX plane, and the issue would take an estimated one work hour to inspect and then an hour to fix each assembly and required no parts, the FAA said. Airlines might be able to have multiple employees inspecting seats simultaneously, greatly reducing the total time for each aircraft.
It did not say how quickly airlines would need to correct the issue.
A Boeing spokesperson said the planemaker issued guidance to operators about the issue in December 2025.
"We support the FAA making that guidance mandatory," the spokesperson said in an email.
Reporting by Dan Catchpole in Seattle; Editing by Christian Schmollinger and Jamie Freed
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Boeing uzavřel 1. čtvrtletí s rekordním backlogem 695 miliard USD a tržby meziročně vzrostly o 14 % na 22,217 miliardy USD. FAA navíc 23. července obnovila jeho oprávnění vydávat konečné certifikace pro 737 MAX a 787.
Boeing (NYSE:BA | BA Price Prediction) enters its July 28 Q2 earnings report with a decade of revenue visibility with a market cap that’s less than a quarter of the price of the total order book. With deliveries rising, debt falling, and defense revenue accelerating, Boeing is showing meaningful progress in its turnaround.
Boeing’s Backlog Is 4x Larger Than Its Market Cap Boeing closed Q1 2026 with a record $695 billion backlog and currently sports a market cap of $164.48 billion. First-quarter revenue grew 14% year over year to $22.217 billion, commercial deliveries climbed to 143 aircraft from 130, and management paid down $6.95 billion of debt in the quarter, taking total debt from $54.1 billion to $47.2 billion.
The Defense Boom Is Already Showing Up in Boeing’s Results The FY2027 Department of War budget totals roughly $1.45 trillion, a 42% annual increase with 26% growth in air power funding. Boeing is already scaling into it: Patriot missile seeker production rises to 850 units in 2026 from 650 last year and 400 two years ago.
Defense, Space & Security revenue jumped 21% to $7.599 billion with operating earnings up 50% to $233 million. On July 23, the FAA restored Boeing’s authority to issue final airworthiness certifications for the 737 MAX and 787, removing a multi-year overhang.
Boeing Has a Bigger Order Book Than Lockheed Martin and RTX Combined Lockheed Martin (NYSE:LMT) and RTX Corporation (NYSE:RTX) posted strong quarters, with Lockheed up 10% and RTX up 7%, but their order books are a fraction of Boeing’s. Lockheed reports a $230 billion backlog and RTX $289 billion, versus Boeing’s $695 billion.
Analysts’ consensus price target on $BA sits at $270.08 against the stock’s current share price of $209.23, with 21 buy ratings versus one sell.
The Bottom Line: Boeing’s Turnaround Has Become Measurable Boeing’s Q2 2026 earnings report is due July 28, with the Street modeling a loss of 34 cents per share on $24.05 billion of revenue. The Q1 core loss already narrowed from $0.49 to $0.20, Director Bradley Tilden bought 1,370 shares at $218.50 in May, and prediction markets price the earnings beat at 64% with a crowd that has been 100% correct on prior BA markets. The July 28 earnings report is the next catalyst that could let Boeing’s backlog thesis compound.
Want Up To $1,000? SoFi Is Giving New Active Invest Users Free StockLooking to grow your money but unsure where to begin? SoFi Active Invest is offering a limited-time promotion—open an account, fund it with $50 or more, and you could receive up to $1,000 in complimentary stock for Active Invest accounts.
From $0 commission trading to fractional shares and automated investing, this app is designed to simplify investing for everyone, whether you’re just starting or already experienced. Its easy to sign up and secure your bonus.
Boeing vykázal v 1. čtvrtletí výnosy 22,22 miliardy USD, ale volný peněžní tok byl záporný 1,5 miliardy USD a divize Commercial Airplanes měla provozní marži -6,1 %.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Boeing (NYSE:BA | BA Price Prediction) shares were last seen trading near $210, off 4.3% over the past week and 8.7% lower over the past year. Wall Street sees a turnaround worth buying: analysts carry a consensus price target of $270.08, with 78% of ratings bullish and only one strong sell in the mix. Reddit, meanwhile, is unmoved. Boeing’s aggregate sentiment score sits at 42, a neutral read that leans cautious.
Boeing’s Q1 report told the story fueling institutional optimism: $22.22 billion in revenue, up 14%, 143 commercial deliveries, and $6.95 billion of debt repaid in a single quarter, taking consolidated debt to $47.2 billion. Backlog reached $695 billion. Retail investors, however, are looking at the same filing and seeing a $1.5 billion free cash flow burn and a Commercial Airplanes segment still running at a 6.1% negative operating margin.
Why Boeing’s Reddit Crowd Stays Skeptical Discussion volume is thin: Boeing chatter clusters in r/stockmarket rather than the speculative corners of Reddit, and activity levels register as low outside a single Tuesday morning spike. The dominant thread over the past few days is a news post titled “Boeing asks US to intervene over record EU loan to Airbus,” which has drawn 556 upvotes and 98 comments. The framing, Boeing complaining about competitor subsidies rather than winning on product, sums up the retail mood.
What is keeping sentiment stuck near neutral:
Commercial Airplanes is still losing money at the segment level, with a negative 6.1% operating margin in Q1. Free cash flow swung back to a $1.5 billion outflow after two positive quarters, denting the recovery narrative. The 777X first delivery has slipped to 2027, and 737-7 and 737-10 certifications are still pending. Lockheed’s Steady Profits Sharpen the Contrast Defense peer Lockheed Martin (NYSE:LMT) runs a consistently profitable book while Boeing’s Defense, Space & Security unit only recently returned to positive territory at $233 million in operating earnings. That gap explains why retail investors treat Boeing as a “show me” story even as sell-side analysts lean in.
The Catalyst Boeing Needs The near-term test arrives fast. Polymarket traders assign a 65% probability that Boeing beats its next quarterly earnings, with the market resolving July 28, 2026. A clean quarter with positive cash flow would give the Reddit crowd something harder to ignore than a subsidy dispute with Airbus.
Want Up To $1,000? SoFi Is Giving New Active Invest Users Free StockLooking to grow your money but unsure where to begin? SoFi Active Invest is offering a limited-time promotion—open an account, fund it with $50 or more, and you could receive up to $1,000 in complimentary stock for Active Invest accounts.
From $0 commission trading to fractional shares and automated investing, this app is designed to simplify investing for everyone, whether you’re just starting or already experienced. Its easy to sign up and secure your bonus.
Boeing před zveřejněním výsledků za 2. čtvrtletí očekává ztrátu 27 centů na akcii a výnosy 23,90 miliardy USD. Akcie jsou pod všemi čtyřmi klíčovými klouzavými průměry.
Boeing Co. (NYSE:BA) shares are in the spotlight, with earnings on deck, a bearish technical setup, and Edge Rankings all drawing attention.
Boeing shares are consolidating. What’s ahead for BA stock? Earnings Preview & HistoryBoeing is scheduled to report second-quarter earnings on July 28. Analysts estimate a loss of 27 cents per share along with revenue of $23.90 billion. For the prior quarter, Boeing reported a loss of 20 cents per share, beating the consensus estimate of a loss of 75 cents per share. The company also posted revenue of $22.22 billion, exceeding the consensus estimate of $21.96 billion.
Over the last four quarters, Boeing has averaged an EPS surprise of 1.65% and a revenue surprise of 0.05%.
What to WatchInvestors will be listening for delivery and production-rate commentary, since the recent order streak only matters if it turns into shipments and cash over the next few quarters. Watch for updates on commercial backlog conversion (orders vs deliveries), free cash flow trajectory (whether higher costs from delays are being contained), and defense program margin pressure — especially any quantified impact from the Air Force One timeline and cost growth.
Boeing Trades Below Every Major Moving AverageFrom a trend perspective, Boeing is still in a repair phase: the stock is trading 5.9% below its 20-day SMA, 7% below its 50-day SMA, 6% below its 100-day SMA, and 5.7% below its 200-day SMA. With price under all of those averages, rallies tend to get tested quickly until the stock can reclaim at least the 20-day/50-day zone.
Momentum is also leaning cautious: MACD is below its signal line and the histogram is negative, which points to upside pressure fading versus the prior upswing. In plain terms, when MACD sits under its signal line, it suggests buyers are losing control unless momentum can turn back up.
The longer-term backdrop is more mixed: Boeing logged a golden cross in June (50-day SMA over the 200-day SMA), but the stock has since slipped back under those longer averages, leaving the cross as a "needs confirmation" signal rather than a clean trend restart. On the map, $232.00 is the key overhead area to watch, while $187.50 is the nearby downside level that matters if sellers regain control.
Key Resistance: $232.00 — a round-number zone that can act as a ceiling on rebounds Key Support: $187.50 — a nearby floor where buyers previously stepped in Benzinga Edge RankingsBelow is the Benzinga Edge scorecard for Boeing, highlighting its strengths and weaknesses compared to the broader market:
Momentum: Weak (Score: 14.42) — The stock’s recent trend signals are soft, lining up with price sitting below key moving averages. Value: Weak (Score: 28.37) — The setup screens as expensive versus typical value factors, which can make the stock more sensitive to execution and guidance. The Verdict: Boeing’s Benzinga Edge signal reveals a weak-tilted profile, with both Momentum and Value scoring in the lower ranges. For longer-term bulls, the chart likely needs to reclaim key moving averages to improve the momentum read, while the valuation backdrop raises the bar for the upcoming earnings report.
Boeing Shares Trade FlatBA Price Action: At the time of publication, Boeing shares are trading 0.54% higher at $205.90, according to data from Benzinga Pro.
Image via Shutterstock
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Market News and Data brought to you by Benzinga APIs
SummaryBoeing (BA) demonstrated stable net order inflow in June, booking 113 net orders valued at $7.3 billion, with strong single-aisle demand. BA's delivery cadence is improving, with 64 aircraft delivered in June and year-to-date deliveries up 12%, reflecting more sustainable, output-based production. Key operational milestones include ramping up 737 MAX and 787 production, inaugurating a fourth 737 MAX line, and progressing on MAX 7, MAX 10, and 777X certifications. Book-to-bill ratios above 1x signal robust demand, but focus remains on converting backlog to deliveries and achieving pre-crisis output levels. Looking for more investing ideas like this one? Get them exclusively at The Aerospace Forum. Learn More » Jon Tetzlaff/iStock Editorial via Getty Images
Boeing (BA) has kicked off the Farnborough Airshow with 140 orders and commitments while keeping the 20-year demand forecast steady despite lower traffic growth expected this year. The US jet maker is
24.32K Followers
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
AerCap objednala 15 letounů Boeing 787-9 Dreamliner a portfolio tím zvýšila na zhruba 140 letadel. Součástí dohody jsou i práva na přechod na větší 787-10.
AerCap is the world's largest owner of 787 Dreamliner jets Agreement includes substitution rights for the 787-10, giving AerCap customers more capacity and operational flexibility , /PRNewswire/ -- Boeing [NYSE: BA] and AerCap today announced that the leasing industry's biggest 787 Dreamliner customer placed a new order for 15 787-9 jets. This latest purchase increases AerCap's 787 Dreamliner portfolio to approximately 140 airplanes.
The agreement includes substitution rights for the 787-10, giving AerCap the flexibility to switch to the larger 787 Dreamliner variant that delivers more capacity and new opportunities for its airline customers.
Boeing and AerCap today announce that the leasing industry’s biggest 787 Dreamliner customer placed a new order for 15 787-9 jets. "The addition of these 15 Boeing 787 Dreamliner airplanes to our fleet further strengthens our position as the world's largest owner of 787 jets," said Aengus Kelly, CEO of AerCap. "As demand for modern, fuel-efficient widebody airplanes continues to grow, this transaction enables us to provide our customers with greater access to one of the industry's most versatile and sought-after airplane families. The 787 has consistently demonstrated strong operating economics and exceptional performance across a wide range of route networks."
AerCap's 787 Dreamliner fleet portfolio is attractive to airlines seeking to renew their fleets and achieve their sustainability goals. As the largest member of the 787 Dreamliner family, the 787-10 will boost an airline's capacity with 50 more seats than the 787-9, while reducing fuel use and emissions by 25% compared to the airplanes it replaces. As airlines deal with near-term macro-economic uncertainties, AerCap's extensive portfolio helps customers to grow or replace older widebody airplanes without committing to direct purchases.
"AerCap's continued investment in the 787 Dreamliner family underscores the airplane's role in enabling long-haul connectivity and superior economics for airlines," said Stephanie Pope, president and CEO of Boeing Commercial Airplanes. "We deeply value this partnership and look forward to supporting AerCap and its customers as they open and sustain new long-haul routes to further connect the world."
AerCap was the first lessor to take delivery of the 787 Dreamliner in 2013. The 787 Dreamliner has since become the standard for new generation widebody airplanes, opening more than 540 new nonstop routes between city pairs that were never previously served and carrying more than 1.3 billion passengers since entering service.
About AerCap
AerCap is the global leader in aviation leasing with one of the most attractive order books in the industry. AerCap serves approximately 300 customers around the world with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and is headquartered in Dublin with offices in Shannon, Memphis, Miami, Singapore, London, Dubai, Shanghai, Amsterdam and other locations around the world.
About Boeing
A leading global aerospace company and top U.S. exporter, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. Our U.S. and global workforce and supplier base drive innovation, economic opportunity, sustainability and community impact. Boeing is committed to fostering a culture based on our core values of safety, quality and integrity.
Boeing vyzval USA, aby tlačily na EU kvůli transparentnosti rekordního úvěrového balíku ve výši 3 miliardy EUR pro Airbus. Firma zpochybňuje, zda je půjčka v souladu s dohodou z roku 2021 a žádá o zveřejnění úplných podmínek úvěru. Součástí balíku je i počáteční tranše 1 miliardy EUR.
Item 1 of 2 A Boeing logo is seen before the opening of the 55th International Paris Airshow at Le Bourget Airport near Paris, France, June 13, 2025. REUTERS/Benoit Tessier/File Photo
[1/2]A Boeing logo is seen before the opening of the 55th International Paris Airshow at Le Bourget Airport near Paris, France, June 13, 2025. REUTERS/Benoit Tessier/File Photo Purchase Licensing Rights, opens new tab
SummaryCompaniesBoeing asked the USTR to seek full loan terms and compatibility with the 2021 truceThe European Investment Bank announced an initial €1 billion tranche on June 29The EIB said the Airbus financing was a normal interest-bearing loanFARNBOROUGH, England, July 21 (Reuters) - Boeing (BA.N), opens new tab has asked the U.S. government to press the European Union for transparency over a €3 billion ($3.43 billion) loan package to Airbus, resurfacing potential trade tensions after the two sides extended a tariff truce over jet subsidies.
The request for the U.S. government to intervene comes as Airbus (AIR.PA), opens new tab has been talking about the development of a new plane as early as 2030, potentially kickstarting a new wave of competition in the global jet market.
The Reuters Iran Briefing newsletter keeps you informed with the latest developments and analysis of the Iran war. Sign up here.
Both sides won partial victories in a 17-year battle at the World Trade Organization over mutual claims of aircraft subsidies that led to a wave of Transatlantic tariffs hitting other industries, before agreeing a five-year truce in 2021.
The truce, which was set to expire on July 6, has been extended indefinitely as both sides draw back from a renewed trade war in aerospace.
In a letter to U.S. Trade Representative Jamieson Greer, seen by Reuters, Boeing said it had been surprised by a June 29 announcement from the European Investment Bank, the EU lending arm, committing to its largest-ever corporate loan for Airbus.
It asked the USTR to request a "full accounting of the terms of this loan" from the EU and to explain why it was compatible with the 2021 truce agreement, which called for an "open and transparent process".
Boeing noted that the announcement, which included an initial tranche of €1 billion, came just four days after the EU adopted the decision to extend the standstill agreement.
"At a minimum, the timing of this loan is surprising," Boeing said in its letter.
The EIB said it finances thousands of companies every year and denied offering Airbus any unusual support.
"This is a normal loan, carrying interest, part of the EIB's overall financing activity," a spokesperson said.
Airbus and Boeing declined comment.
The USTR and European Commission did not immediately respond to requests for comment.
AIRPLANE DEVELOPMENTSIn its loan announcement, the EIB said the package of loans would support Airbus' long-term investments through 2030.
Boeing noted that this is the same year in which Airbus CEO Guillaume Faury has said Airbus plans to begin the development of an A320neo successor.
In an interview with Aviation Week ahead of the Farnborough Airshow, Faury spoke of a new plane in 2030 and disclosed the internal code word for the project, "eAction".
"The timing of this significant loan also coincides with Airbus leadership remarks publicly committing to a launch date of a new airplane, which further raises questions about both the size and the intent of this historic economic assistance package," Boeing's letter to the USTR said.
Boeing has said market conditions are not yet right for a new generation of planes, although analysts say both companies are expected to start the next developments by mid-decade.
Boeing's letter underscores wariness over funding on both sides, though tensions have eased considerably since the WTO subsidy battle.
The Trump administration last year agreed to exempt airplanes and parts from tariffs after briefly imposing duties on aviation last year.
Washington has not officially said it is extending the separate truce on tariffs tied to the Airbus-Boeing dispute, but four people familiar with the matter said both sides had effectively buried the marathon WTO dispute for the time being.
While the Trump administration has repeatedly used tariffs, it is seen as reluctant to make use of WTO tools that would implicitly recognize multilateral rules the president opposes.
Trump called this month for talks with trading partners to address the impact of foreign jet imports.
Boeing's concerns about the EU loan to Airbus could also be raised in those talks, a U.S. official told Reuters. European sources say similar loans were cleared in the WTO dispute.
($1 = 0.8754 euros)
Reporting by Tim Hepher, David Shepardson; Editing by Sharon Singleton
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Boeing i Airbus připravují novou generaci úzkotrupých letadel, ale aerolinky chtějí hlavně dodávky současných modelů. Boeing říká, že na nový program potřebuje ještě pár let.
Boeing and Airbus are starting to map out the next generation of narrow-body aircraft, but the world's two dominant planemakers say their airline customers are more concerned with getting today's jets delivered than pressing for all-new models.
Boeing CEO Kelly Ortberg said Monday that the company still needs "a couple more years" to put its finances in a position to support a new commercial aircraft program.
Airbus CEO Guillaume Faury, meanwhile, said the European manufacturer is targeting the launch of a next-generation single-aisle program around 2030, with entry into service in the second half of the following decade.
While the two CEOs struck different tones, they pointed to broadly similar timeframes.
Airbus has publicly attached a target year to launch its next aircraft. Boeing is indicating that it could be financially capable of moving on a similar horizon, while preserving the option to wait if the technology or market case is not strong enough.
"We think about three things that have to happen," Ortberg told CNBC's Phil LeBeau. "First of all, we have to be ready, and part of that is getting our financial house in order, and we're working on that. It's going to take a couple more years to get where we want to be."
watch now
The technology also has to be ready, he said, and airline customers must be ready to move on from Boeing's current product line.
"The market's got to be ready. Right now, the customers are telling me, 'focus on your existing product line, we really want to see better maturity of the existing product line before we move to a new airplane.'"
It comes as aircraft manufacturers experience persistent production bottlenecks across the industry. Boeing is trying to increase 737 Max output and is still reeling from a series of production and quality issues and a near-catastrophic blowout of a fuselage door plug in January 2024.
Airbus has said engine availability, particularly from Pratt & Whitney, forced it to adjust production plans for this year and next, although Faury said the situation had stabilized.
Faury said Airbus is focused on ramping production and delivering aircraft already on order even as it prepares its next generation of commercial aircraft.
"We're a long-term industry," Faury said. "It takes time to prepare the technologies, to launch a program for the product, for the production system, [to] enter into service with the certification, do the ramp up."
watch now
Faury said Airbus is preparing its next-generation single-aisle aircraft and wants to maintain its lead in that market. The company is targeting a program launch around 2030 and entry into service in the second half of the 2030s.
For both manufacturers, however, increasing production and delivering existing orders remain the more immediate tasks.
Aircraft deliveries in focusRBC Capital Markets analysts said last week that investors are focused on Boeing's ability to increase production of the 737 Max and 787, complete certification of the Max 7 and Max 10, improve margins, and generate cash.
"The primary focus for investors will remain on the state of the supply chain and delivery schedules," the analysts wrote in a note to clients.
The same appears to be true for Airbus. RBC said investors were looking for a clearer path to Airbus's A320 and A350 production goals after the company's stronger second-quarter deliveries boosted confidence in its full-year target.
Airbus has a backlog of over 9,000 aircraft, and demand continues to outpace available supply. Airbus booked 51 A320neo orders in June, while second-quarter delivery growth was driven almost entirely by the A320 family, according to Jefferies analysts.
Jefferies said Airbus's growing delivery volume of A320-family aircraft – 190 in the second quarter – is expected to drive a significant improvement in earnings. Airbus reports deliveries on a monthly basis and will publish its quarterly earnings report next week.
At Boeing, the focus remains on completing the current 737 Max family.
Jefferies said on Sunday that certification work on the 737 Max-7 and Max-10 was 95% and 98% complete, respectively. The Max-10 had 1,533 aircraft on order, accounting for roughly a third of Boeing's 737 backlog.
Ortberg said on Monday that the 737 Max-7 certification with the FAA is expected "very shortly" and would mark a critical milestone, as it would be the first new airplane the FAA has certified in a long time.
Boeing has also invested about $1 billion in a fourth 737 Max production line in Everett, Washington, which will eventually allow the company to raise production beyond the capacity of its three existing Renton lines.
That suggests investors and airline customers are broadly aligned: both want the manufacturers to execute on the aircraft already promised.
While both Boeing and Airbus work through large order backlogs and production constraints, airlines continue to add capacity using existing aircraft models.
Ryanair, Boeing's largest customer outside of the U.S., Chief Financial Officer Neil Sorahan said Monday that the delivery of the last aircraft in its current order of Boeing 737 Max 8-200 jets helped Ryanair expand its fleet to just under 650 aircraft and grow first-quarter traffic by 6%.
The airline expects passenger numbers to grow about 4% this year to 216 million, Sorahan told CNBC's "Squawk Box."
watch now
While neither manufacturer appears to be under intense pressure from customers to move faster, work on the next-generation aircraft continues.
The eventual successors to Boeing's 737 Max and Airbus' A320neo families may shape competition in the industry's largest commercial aircraft market for decades. But before Boeing and Airbus compete over tomorrow's narrow-body aircraft, both still have to deliver on today's orders.
All-Boeing freighter operator will add five 777-8 Freighters to its 777 Freighter fleet MSC Air Cargo seeks to capitalize on resilient air cargo demand with newest generation widebody freighters , /PRNewswire/ -- Boeing [NYSE: BA] and MSC Air Cargo today announced that the fast-growing air cargo operator has purchased five 777-8 Freighters.
The previously unidentified order is MSC Air Cargo's first for the 777-8 Freighter. The 777-8 Freighter will be the industry's most capable twin-engine freighter, incorporating advanced technologies as a member of the 777X family and customer-preferred features from the current generation 777 Freighter.
Boeing and MSC Air Cargo announced that the fast-growing air cargo operator has purchased five 777-8 Freighters. The previously unidentified order is MSC Air Cargo’s first for the 777-8 Freighter. "With this order, we are investing in the long-term future of MSC Air Cargo and in the customers we serve," said Jannie Davel, CEO of MSC Air Cargo. "The 777-8 Freighter gives us the efficiency, range and capacity to serve our customers reliably for years to come, while advancing our commitment to more sustainable operations. It is the right aircraft for the next stage of our growth."
The 777-8 Freighter offers the highest payload and the lowest fuel use, emissions and operating cost per tonne of any large freighter. Widebody freighters fly approximately 75 percent of global air cargo capacity. The air freight sector is expected to play a crucial role in the decades ahead as e-commerce continues to grow.
"MSC Air Cargo is investing in its future with this order for large widebody freighter aircraft that will further enhance the capability and reach of its global air network," said Brad McMullen, Boeing senior vice president of Commercial Sales and Marketing. "The 777-8 Freighter will be the most efficient aircraft in its class and will connect MSC Air Cargo's hubs to key international markets."
Boeing has booked more than 80 orders for the 777-8 Freighter and MSC Air Cargo is the third Europe-based air cargo operator to order the airplane.
About MSC Air Cargo
MSC Air Cargo is a subsidiary of MSC Group, a global leader in transportation and logistics. Committed to delivering innovative and tailored airfreight solutions, MSC Air Cargo operates a modern fleet of Boeing 777-200 Freighters, serving key markets and destinations across Europe, the Americas, and Asia. With a focus on customer satisfaction and operational excellence, MSC Air Cargo is dedicated to shaping the future of air cargo logistics. For more information, visit mscaircargo.com
About Boeing
A leading global aerospace company and top U.S. exporter, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. Our U.S. and global workforce and supplier base drive innovation, economic opportunity, sustainability and community impact. Boeing is committed to fostering a culture based on our core values of safety, quality and integrity.
A Boeing 737 MAX airplane lands after a test flight at Boeing Field in Seattle, Washington, U.S. June 29, 2020. REUTERS/Karen Ducey/File Photo Purchase Licensing Rights, opens new tab
SummaryCompaniesBoeing has already built about 30 MAX 7s awaiting delivery, according to CiriumThe MAX 10 accounts for at least 28% of outstanding MAX ordersFAA expects Boeing's 777X certification to follow the two MAX variantsFARNBOROUGH, England, July 20 (Reuters) - A senior Federal Aviation Administration official said on Monday that the agency expects to certify the Boeing (BA.N), opens new tab 737 MAX 7 and larger 10 soon, after an intensive review of the variants of the best-selling plane.
"Closer than ever before," Deputy FAA Administrator Chris Rocheleau told Reuters in an interview on the sidelines of the Farnborough Air Show. "I think the -7 is literally around the corner, and -10 right behind it."
The Reuters Iran Briefing newsletter keeps you informed with the latest developments and analysis of the Iran war. Sign up here.
He also said he expects the Boeing 777X to be certified after the two MAX planes.
"Whether it's this year or earlier next year... we're kind of letting Boeing drive that when they bring us the right information and we work through it together."
Boeing said last week it is in the final stages of getting regulatory certification for an engine anti-ice system fix for its 737 MAX jetliner.
Boeing has already built about 30 MAX 7s and nine MAX 10s, which are awaiting delivery, according to aviation analytics firm Cirium. The MAX 10 accounts for at least 28% of outstanding MAX orders.
Certification of the MAX 7 and 10 is years behind schedule.
Boeing has faced a more stringent certification process following two fatal MAX 8 crashes in 2018 and 2019, as well as scrutiny of the company's production and quality systems after a January 2024 mid-air cabin panel blowout on a nearly new Alaska Airlines MAX 9.
FAA Administrator Bryan Bedford told Reuters last week the FAA and Boeing have improved work on certifying new planes.
"A lot of our difficulties timely responding to Boeing wasn't a resource challenge on the FAA. It was the fact that Boeing kept changing its priorities," he said.
Bedford said the FAA's workflows on Boeing certification have risen 35% to 40%.
"Boeing has a much more clear line of sight on how we can respond to their certification needs," Bedford said.
Reporting by David Shepardson; Editing by Kirsten Donovan and Sharon Singleton
Our Standards: The Thomson Reuters Trust Principles., opens new tab
SMBC Aviation Capital objednala 100 letadel Boeing 737 MAX, včetně své první objednávky na 60 kusů 737-10 a 40 kusů 737-8. Portfolio 737 MAX tak zvýší na 450 letadel.
Agreement includes SMBC Aviation Capital's first-ever 737-10 order 737-10 order is single largest by a lessor , /PRNewswire/ -- Boeing [NYSE: BA] and SMBC Aviation Capital today announced that the global aviation finance platform and lessor has ordered 100 737 MAX airplanes, including 60 737-10 and 40 737-8 jets.
The 737-10 order represents SMBC Aviation Capital's first purchase for the 737 MAX family's highest capacity variant. With this order, SMBC Aviation Capital increases its owned, managed and committed to portfolio for the 737 MAX family to 450 jets.
Boeing and SMBC Aviation Capital today announced that the global aviation finance platform and lessor has ordered 100 737 MAX airplanes, including 60 737-10 and 40 737-8 jets. "This transaction represents a significant milestone for SMBC Aviation Capital and will ensure our airline customers have access to a long-term pipeline of new technology aircraft," said Peter Barrett, CEO of SMBC Aviation Capital. "Our partnership with Boeing spans over two decades and this order reflects market dynamics as our airline and investor customers look to upgauge to the 737-10. This order will support their growth ambitions well into the next decade and reflects our strong confidence in the Boeing 737 MAX and sustained demand for fuel-efficient, technologically advanced narrowbody aircraft."
The 737-10 has the best per-seat economics of any single-aisle airplane, seating up to 230 passengers with a range of 3,100 nautical miles (5,740 km). By selecting the 737-10, SMBC Aviation Capital will be able to meet strong market demand for larger single-aisle jets, diversify its asset mix and capture a new customer base.
"We are honored that the new and expanded team at SMBC continues to place its trust in Boeing and the 737 MAX family," said Stephanie Pope, president and CEO of Boeing Commercial Airplanes. "This commitment, including SMBC's first 737-10 order, reflects the strong demand we are seeing for the 737 MAX family's efficiency, reliability and versatility."
As global passenger traffic is forecast to grow 4% annually over the next two decades, lessors are increasingly looking to grow and diversify their single-aisle portfolios to provide airlines with more fuel-efficient jets capable of operating across a variety of route networks. Lessors have ordered more than 1,450 737 MAX jets, representing 20% of the 737 MAX backlog.
About SMBC
SMBC Aviation Capital is the leading global aviation finance platform, servicing a fleet of 1700 aircraft with more than 170 airlines globally. Benefiting from the strong support of its shareholders Sumitomo Mitsui Financial Group and Sumitomo Corporation, SMBC Aviation Capital has a high-quality global airline customer base with an owned portfolio comprising 80% new technology aircraft (by net book value). SMBC Aviation Capital has a strong capital position and holds an A- and BBB+ rating with S&P and Fitch respectively, reflecting the long-term strength of its business. For more information, please visit: https://www.smbc.aero/
About Boeing
A leading global aerospace company and top U.S. exporter, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. Our U.S. and global workforce and supplier base drive innovation, economic opportunity, sustainability and community impact. Boeing is committed to fostering a culture based on our core values of safety, quality and integrity.
Boeing a Philippine Airlines oznámily závazek objednat až 20 letadel 787 Dreamliner. Pokud se dohoda uzavře, půjde o 15 kusů 787-10 s opcí na dalších pět.
Philippines flag carrier will grow its regional network with the 787-10 Airline to place its largest ever widebody order to support fleet modernization , /PRNewswire/ -- Boeing [NYSE: BA] and Philippine Airlines today announced the flag carrier has committed to order up to 20 787 Dreamliner jets. Once finalized, the agreement for 15 787-10 airplanes, with opportunity to purchase five more, will support Philippine Airlines' fleet modernization and expansion plans.
Boeing and Philippine Airlines today announced at the Farnborough Airshow the flag carrier has committed to order up to 20 787 Dreamliner jets. "This investment manifests our confidence in the future of Philippine Airlines and the continued growth of air travel. The Boeing 787-10 will strengthen our medium and long-haul fleet, allowing us to provide an even better travel experience for our customers while improving operational efficiency and supporting our long-term sustainability goals," said Lucio C. Tan III, president and chief operating officer of PAL Holdings, Inc. "As Asia's first and longest serving airline, we proudly celebrated our 85th anniversary earlier this year. An equally meaningful milestone that we celebrate this year is 80 years of partnership between Philippine Airlines and Boeing."
The 787-10 will complement PAL's fleet of 10 777 jets by expanding operational flexibility across the airline's medium- and long-haul route network. Delivering unmatched fuel efficiency with the lowest operating cost per seat of any widebody jet, the 787's composite design yields 25% less fuel use than the airplanes it typically replaces.
"Philippine Airlines' selection of the 787 Dreamliner marks an important step forward in our partnership, one that spans 80 years," said Stephanie Pope, president and CEO of Boeing Commercial Airplanes. "We're grateful for PAL's trust in Boeing, and our team looks forward to delivering advanced-technology airplanes that deepen connections across the Philippines, Asia and beyond."
As the largest variant of the 787 family, the 787-10 can fly 300-375 passengers up to 13,890 km (7,500 nautical miles), enabling PAL to meet rising travel demand. Passengers travel in enhanced comfort with the 787's design features, including the largest dimmable windows of any commercial jet, higher cabin humidity for less-dry air and technology that helps reduce turbulence for a smoother journey.
About Philippine Airlines
Philippine Airlines (PAL) is the Philippines' flag carrier and the country's only full-service network airline. Founded in 1941, PAL is Asia's first commercial airline and has played a vital role in connecting the Philippines to the world for over 85 years. PAL operates scheduled nonstop flights from its hubs in Manila and Cebu to 29 destinations across the Philippines and 40 destinations in Asia, North America, Australia, and the Middle East. PAL is an APEX Four Star™ airline and was recognized by Cirium for achieving the highest on-time performance among Asia-Pacific carriers in 2025. In 2026, Philippine Airlines was officially invited to join the oneworld® Alliance.
About Boeing
A leading global aerospace company and top U.S. exporter, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. Our U.S. and global workforce and supplier base drive innovation, economic opportunity, sustainability and community impact. Boeing is committed to fostering a culture based on our core values of safety, quality and integrity. Boeing maintains an 80-year presence with the Philippines, learn more here.
Boeing potřebuje ještě „pár let“ na nápravu svých financí, než spustí nový komerční letoun. Firma se zatím soustředí na stabilizaci současného byznysu a zlepšení spolehlivosti výroby.
Boeing CEO Kelly Ortberg told CNBC Monday that the planemaker will need "a couple more years" to repair its finances before launching a new commercial jet, signaling that the company is focused more on stabilizing its existing business rather than rushing to develop a successor to its best-selling 737 MAX.
Boeing must clear three hurdles before committing to a new aircraft program, Ortberg told CNBC's Phil LeBeau at the Farnborough International Airshow in the U.K.
"First of all, we have to be ready, and part of that is getting our financial house in order, and we're working on that," Ortberg said. "It's going to take a couple more years to get where we want to be."
Ortberg, who came out of retirement to steady the company after a series of manufacturing and quality issues, also repeated that the technology needs to be ready to introduce a new airplane and the company needs to see sufficient market demand.
For now, airline customers are telling Boeing to focus on improving the reliability and production of its current lineup rather than introducing a new jet, he said, suggesting the company is unlikely to launch a new narrowbody aircraft until later in the decade.
The market for large commercial aircraft is currently dominated by Boeing and Airbus. A new plane to better compete with Airbus' rival A320 family of jets will likely be crucial for Boeing to secure future business.
This is a breaking news story. Please refresh for updates.
Saudi carrier will exercise options for 28 787 Dreamliner jets from 2023 order and convert 20 options to largest 787 Dreamliner variant Riyadh Air has taken delivery of six 787-9 jets and currently serves six cities Agreement reaffirms Riyadh Air's plan to operate to over 100 global destinations by 2030, powered by a growing next-generation fleet , /PRNewswire/ -- Riyadh Air, the new national carrier of the Kingdom of Saudi Arabia, and Boeing [NYSE: BA] today announced that the airline is exercising options for 28 more 787 Dreamliner jets as part of its growth plan. The agreement to exercise most of the options from Riyadh Air's 2023 order also includes the conversion of 20 airplanes to the larger 787-10 variant.
Riyadh Air, the new national carrier of the Kingdom of Saudi Arabia, and Boeing today announced that the airline is exercising options for 28 more 787 Dreamliner jets as part of its growth plan. The announcement includes a previously unidentified purchase of 11 of the ultra-efficient widebody jets. Once the remaining 17 airplanes are finalized, Riyadh Air's firm order count will grow to 67 787 Dreamliners.
"The commitment to firm up an additional 28 787 Dreamliners and introduce the 787-10 marks another significant milestone in Riyadh Air's journey towards over 100 international destinations by 2030, a key part of the Kingdom's Vision 2030 ambitions," said Tony Douglas, CEO of Riyadh Air. "Following the recent launch of full operations, guests have been hugely impressed with the Riyadh Air experience onboard our current fleet of six Boeing 787 jets. The addition of the 787-10 strengthens our ability to accommodate growing passenger and cargo demand while providing the operational flexibility required to support our ambitious network plans."
By operating the 787-9 and 787-10, Riyadh Air will benefit from fleet commonality, including shared flight deck systems, maintenance procedures and pilot training, helping deliver operational efficiencies while ensuring a consistent, premium guest experience across its network.
The 787 Dreamliner family features the largest windows of any commercial airplane, higher cabin humidity, lower cabin altitude pressurization and advanced turbulence-sensing technology, all designed to enhance passenger comfort.
"We are delighted to see Riyadh Air flying their new 787 airplanes in commercial service and we are deeply honored they are placing orders for additional 787 Dreamliner aircraft to support their future," said Stephanie Pope, president and CEO of Boeing Commercial Airplanes. "The 787-10 will be a great complement to Riyadh Air's growing fleet and advance the airline's mission to be a world-class airline that delivers an exceptional passenger experience."
The addition of the 787-10 reflects Riyadh Air's commitment to operating one of the world's most modern, efficient and sustainable fleets. As the largest member of the 787 Dreamliner family, the 787-10 will boost Riyadh Air's capacity with 50 more seats than the 787-9, while reducing fuel use and emissions by 25% compared to the airplanes it replaces.
The expanded Boeing fleet will help Riyadh Air grow its network and add the capacity needed to ensure Riyadh, a G20 capital city, is fully connected to 100 global destinations realizing the goals of Saudi Vision 2030.
As a wholly owned company of the Public Investment Fund (PIF), Riyadh Air acts as a key catalyst for Saudi Arabia's economic diversification strategy. By expanding its global reach, the airline expects to generate over 200,000 direct and indirect jobs and contribute over $20 billion (SAR 75 billion) to non-oil GDP growth by 2030.
About Riyadh Air
Riyadh Air, a wholly owned PIF company, is redefining global travel as a full-service global carrier based in Riyadh, Saudi Arabia. Since its launch in March 2023, Riyadh Air has committed to building a modern, efficient fleet and embracing careful sustainability practices, focusing on responsible operations and thoughtful innovation throughout every journey. Each aircraft features advanced cabin interiors, next-generation digital inflight entertainment, and seamless connectivity, ensuring every guest enjoys a memorable experience. By 2030, Riyadh Air aims to connect guests to over 100 destinations worldwide, with authentic Saudi hospitality at the heart of every flight.
About Boeing
A leading global aerospace company and top U.S. exporter, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. Our U.S. and global workforce and supplier base drive innovation, economic opportunity, sustainability and community impact. Boeing is committed to fostering a culture based on our core values of safety, quality and integrity.
Boeing stále počítá s dodáním dvou nových Air Force One v roce 2028, ale program už stojí přes 5 miliard USD a dál zdražuje. Firma je tak čtyři roky za plánem.
The Boeing logo on the doors to the Boeing factory in Renton, Washington, U.S., April 15, 2026. REUTERS/Genna Martin Purchase Licensing Rights, opens new tab
LONDON, July 19 (Reuters) - Boeing (BA.N), opens new tab said on Sunday it remains on track to deliver two new Air Force One jets in 2028, but meeting that target will require additional spending on a program already years behind schedule and billions of dollars over budget.
Boeing was awarded a $3.9 billion contract in 2018 to build the aircraft, though costs have since ballooned to more than $5 billion. The aircraft are intended to replace the current Air Force One planes, which entered service in 1990.
Stay up to date with the latest news, trends and innovations that are driving the global automotive industry with the Reuters Auto File newsletter. Sign up here.
"We're on track for 2028," Steve Parker, CEO of Defense, Space & Security, told reporters ahead of the Farnborough Airshow in the UK, adding that he expected the first aircraft to begin testing next year.
"I do expect to see some cost growth there as we come through and we finish off the wiring and the structures, as well as finishing up our own certifications."
In May 2025, the United States accepted a luxury Boeing 747 from Qatar for use as a temporary presidential aircraft. The jet has since entered service as a bridge aircraft. Security concerns led President Donald Trump to forgo flying the Qatari jet home from Turkey, opting instead to return aboard an older Air Force One.
The Air Force One program involves converting two Boeing 747-8 aircraft into highly specialized jets equipped with advanced communications and defensive systems. Even with a 2028 delivery, the program would be running four years behind schedule.
Reporting by Joe Brock; Editing by Sharon Singleton
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Joe Brock is Reuters' aerospace and defense editor, based in Los Angeles, where he leads a global team of reporters covering airlines, aerospace, weapons manufacturers, and the space industry. Joe has previously worked in Singapore, Johannesburg, Abuja and London as a reporter and bureau chief. He has received several awards for his investigative journalism, including from the Society for Advancing Business Editing and Writing and The Society of Publishers in Asia.
Boeing ponechal dvacetiletý výhled poptávky po letadlech beze změny a čeká 43 625 dodávek v letech 2026 až 2045. Firma zároveň odhaduje na počátku roku 2026 nedostatek téměř 2 000 letadel.
The Boeing logo on the doors to the Boeing factory in Renton, Washington, U.S., April 15, 2026. REUTERS/Genna Martin Purchase Licensing Rights, opens new tab
SummaryCompaniesBoeing forecast 43,625 deliveries from 2026 through 2045, including 33,545 single-aisle jetsBoeing estimates an undersupply of close to 2,000 aircraft entering 2026China is expected to account for 21% of deliveriesFARNBOROUGH, England, July 18 (Reuters) - Boeing (BA.N), opens new tab maintained its forecast for strong global demand for new commercial aircraft over the next 20 years, according to the U.S. planemaker's market projection released in England on Saturday, ahead of the Farnborough Airshow.
The U.S. planemaker's forecast was almost identical to its 2025 outlook. Boeing forecast industry-wide global deliveries of 43,625 new jetliners and freighters around the world from 2026 through 2045 -- 33,545 single-aisle jets, 7,715 widebody aircraft, 930 factory-built freighters and 1,435 regional jets.
The Reuters Iran Briefing newsletter keeps you informed with the latest developments and analysis of the Iran war. Sign up here.
This month, Boeing's European rival Airbus trimmed its projection by 1% to 42,060 new aircraft, citing the Iran war and trade tensions.
Boeing expects air passenger traffic growth of about 2.3% this year, less than half of last year's growth rate of 5.3%. It expects growth to rebound to 6%-7% in 2027 and 5%-6% in 2028.
"Our outlook is that passenger traffic globally will be where it would have been by the end of 2028," Boeing Commercial Marketing Vice President Darren Hulst told reporters. He described the current slowdown as different from the multi-year demand shock caused by the COVID-19 pandemic.
Boeing expects passenger traffic to grow 4% annually over the next 20 years, with cargo traffic rising 3.7%, the jet fleet expanding 3% and the world economy growing 2.5%.
Demand for new aircraft continues to grow faster than planemakers can deliver new jets. Passenger traffic last year had rebounded to pre-pandemic levels, but deliveries of new jets remained below the 2018 output, Hulst said.
The company estimates an undersupply of close to 2,000 aircraft entering 2026, with the single-aisle shortfall unlikely to clear until around the end of the decade and widebody shortages likely to persist into the early 2030s.
The outlook assumes a roughly even split between replacement and growth demand. Boeing projects 21,475 deliveries will replace older jets and 22,150 will support fleet expansion. The global fleet is expected to rise from about 28,000 aircraft in 2025 to 50,000 by 2045, with new-generation aircraft growing from 32% of the fleet to 92%.
China is expected to account for 21% of deliveries, followed by Eurasia at 20%, North America and South/Southeast Asia at 19% each, the Middle East and Africa at 10%, Latin America at 6% and Oceania/Northeast Asia at 5%.
Boeing's forecast reflects a market recovering from repeated shocks but still constrained by manufacturing capacity and supply-chain fragility. Boeing also faces certification delays on key programs including the 737 MAX 7 and 10 and the 777-9.
Hulst said the long-term demand picture remains supported by trade, tourism, migration and airline network expansion.
"The reason why we travel and the reason why goods move isn't changing," he said.
Reporting by Dan Catchpole in Seattle; Editing by David Gregorio
Our Standards: The Thomson Reuters Trust Principles., opens new tab
FAA od příštího týdne vrátí Boeingu oprávnění vydávat osvědčení o letové způsobilosti pro všechny 737 MAX a 787. Jde o významný krok při zvyšování výroby.
Item 1 of 2 The engine of a 737 MAX on the final assembly production line during a media tour of the Boeing factory in Renton, Washington, U.S., April 15, 2026. REUTERS/Genna Martin
[1/2]The engine of a 737 MAX on the final assembly production line during a media tour of the Boeing factory in Renton, Washington, U.S., April 15, 2026. REUTERS/Genna Martin Purchase Licensing Rights, opens new tab
CompaniesWASHINGTON, July 17 (Reuters) - The Federal Aviation Administration told Congress on Friday it will allow Boeing (BA.N), opens new tab to issue airworthiness certificates for all 737 MAX and 787 airplanes starting next week, a significant milestone for the U.S. planemaker as it ramps up production.
The FAA told Congress the "decision follows months of thorough data and safety review demonstrating consistent production quality and reflects the FAA's confidence in Boeing's ability to issue airworthiness certificates under FAA oversight," according to an email seen by Reuters.
The Reuters Iran Briefing newsletter keeps you informed with the latest developments and analysis of the Iran war. Sign up here.
The FAA revoked Boeing's right to approve individual MAX planes in 2019 after a second fatal MAX crash in Ethiopia, and for Boeing 787 airplanes in 2022 due to production quality issues.
Boeing did not immediately comment.
Reporting by David Shepardson; Editing by Chris Reese
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Boeing v červnu doručil 64 letadel, z toho 42 737 MAX, a za první pololetí 314 kusů. Vyšší dodávky podporují jeho volný peněžní tok a cíl 1 až 3 miliardy USD pro celý rok 2026.
Boeing (BA 1.26%) delivered 64 jets in June, four more jets than it delivered in May and the same month last year. The number is part of the company's 314 jet deliveries in the first half of 2026. Its commercial delivery performance is a good sign of its financial recovery. Pushing out this volume of airline jets has a massive, direct impact on the company's free cash flow (FCF) trajectory.
While Boeing's overall operating margin remains lean (only 18.1% in the first quarter) as it navigates program overruns and defense drags, deliveries are the raw fuel for its balance sheet. A strong June demonstrates the manufacturing discipline required to chip away at its post-pandemic debt and secure sustainable, positive FCF.
Here is a breakdown of what these delivery numbers mean for Boeing's cash position moving forward.
Image source: Getty Images.
Boeing is unlocking sunk inventory The cash flow cycle is highly back-end loaded in aerospace manufacturing. Predelivery payments are generally around 30% of the purchase price, so manufacturers pay for much of the parts, labor, and supply chain overhead long before the plane leaves the tarmac. When the keys are actually handed over to the customer, the remaining 70% of the plane's total purchase price is collected.
Pushing 64 jets out the door in a single month means Boeing is successfully liquidating parked, fully built inventory and turning it into immediate cash. In the first quarter, it reported an earnings per share (EPS) loss of $0.11, and even that was a 31% improvement year over year.
Validating its free cash flow target In the company's first-quarter earnings call, Boeing chief financial officer Jay Malave projected full-year 2026 FCF to finish between $1 billion and $3 billion. That's a big change from the $1.5 billion FCF loss in the first quarter, as the first half of the year saw heavy operational expenditures and narrower operating margins.
Strong June momentum serves as proof of concept for the Street, validating that the era of aggressive cash burn is fading and that the $1 billion to $3 billion FCF target is highly achievable if execution remains steady. The company had consecutive positive FCF quarters in the second half of 2025.
Malave said that because of cash outflows in the first half of the year, achieving the full-year FCF target depends on a back-end-loaded second half, driven heavily by increased delivery volumes. As it is, Boeing booked a net total of 113 new orders in June and a total of 408 new orders this year.
Today's Change
(
-1.26
%) $
-2.75
Current Price
$
215.37
Supply chain and delivery health are improving Investors are still playing a wait-and-see game with Boeing, as its shares are flat so far this year.
To generate robust, multibillion-dollar FCF plateaus in the coming years, Boeing needs volume stability. June's delivery numbers (which included 42 of the workhorse 737 MAX models) provide a critical insight into its operations. Delivering at this rate demonstrates that major supply chain and parts delays are no longer the absolute ceiling they were in previous quarters.
This operational rhythm sets the stage for Boeing's upcoming push to lift 737 production from 42 to 47 aircraft per month, now that the Federal Aviation Administration (FAA) has approved that change. A synchronized supply chain executing higher monthly production rates is the primary structural driver that will expand program-level cash margins moving forward.
Boeing je v závěrečné fázi získání regulační certifikace opravy systému proti námraze motoru pro 737 MAX, což má otevřít cestu verzím MAX 7 a 10 k dodávkám. MAX 10 je už z 98 % hotov v certifikačních letových testech.
SummaryCompaniesMAX 7 and 10 versions cannot be certified until system fixedOperating MAX planes will need to be retrofitted with new systemMAX 10 is 98% through certification flight testing, executive saysSEATTLE, July 16 (Reuters) - Boeing (BA.N), opens new tab is in the final stages of getting regulatory certification for an engine anti-ice system fix for its 737 MAX jetliner, company executives said, paving the way for the long-delayed MAX 7 and 10 versions to enter service.
The redesign addresses an issue that could cause overheating and possible engine failure and has been the biggest obstacle to certification of the smallest and largest versions of Boeing's best-selling jet.
Jumpstart your morning with the latest legal news delivered straight to your inbox from The Daily Docket newsletter. Sign up here.
Boeing has already built about 30 MAX 7s and nine MAX 10s awaiting delivery, according to aviation analytics firm Cirium. The larger MAX 10 accounts for at least 28% of outstanding MAX orders.
The U.S. Federal Aviation Administration said in May it expected to certify the smaller 737 MAX 7 this summer. Southwest Airlines (LUV.N), opens new tab is the biggest customer for that version.
The more profitable MAX 10 is 98% through certification flight testing, executives told reporters ahead of next week's Farnborough Airshow.
"We have two flight tests left, and we should be done real soon here," said Chris Payne, Boeing vice president and general manager for 737 MAX development programs.
YEARS BEHIND SCHEDULECertification of the MAX 7 and 10 is years behind schedule, which has allowed European planemaker Airbus (AIR.PA), opens new tab to expand its lead in the narrowbody market.
Boeing has had to work through a more stringent certification process following two fatal MAX 8 crashes in 2018 and 2019, as well as scrutiny of the company's production and quality systems after a January 2024 mid-air cabin panel blowout on a nearly new Alaska Airlines MAX 9.
After the anti-ice system issue was discovered in 2021, regulators allowed the MAX variants already in service - the MAX 8, 8-200 and 9 - to continue flying and for Boeing to keep making them but delayed certification of the other versions.
The fix to the system also reduces engine noise and mitigates fan flutter, based on testing at GE Aerospace's (GE.N), opens new tab facility in Ohio, said Mike Sinnett, Boeing's senior vice president of product strategy, product development and development programs.
"It was kind of win-win all around," he said.
The 737 MAX's LEAP-1B engine is produced by CFM International, a joint venture of GE Aerospace and France's Safran (SAF.PA), opens new tab.
For the existing MAX fleet, Boeing says most of the engine anti-ice retrofit can be done within a maintenance shift, but it also requires installing new wiring that is more invasive.
Executives said Boeing was working with regulators on a schedule that would allow airlines to make the repair when their planes are already in the hangar for heavy maintenance checks, reducing disruption and costs.
The MAX 10 will also introduce an updated flight crew alerting system, known as an enhanced angle-of-attack system, to meet safety requirements imposed by Congress following the two MAX crashes that killed 346 people and led to the model's 20-month grounding beginning in 2019.
The system simplifies flight-deck alerts resulting from a failed angle-of-attack sensor, which overwhelmed pilots with too much information before the planes crashed in Indonesia and Ethiopia.
The update is "an IOU from the return-to-service (requirements) after the very unfortunate accidents," said Bill Quashnock, Boeing's 737 deputy chief pilot.
All in-service 737 MAX jets will have the new system installed within two years after regulators certify it, he said.
Boeing is also more than 50% through certification flight testing for the 777-9 and is "on track" to start delivering the new widebody jet next year, said Terry Beezhold, Boeing vice president and general manager of the 777-9 program.
The company still has to complete several major certification requirements, including getting regulatory approval for long-distance flights with few airports in between.
Reporting by Dan Catchpole in Seattle; Editing by Jamie Freed
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Boeing těží z obnovy flotil aerolinek a na konci 1. čtvrtletí měl zakázkovou knihu více než 6 100 letadel v hodnotě 576 miliard USD. Výrobu 737 zvýšil na 42 kusů měsíčně a 787 na osm.
Key Takeaways Boeing is benefiting from airlines replacing older fleets with more fuel-efficient next-generation aircraft.BA ended Q1 with a backlog of more than 6,100 airplanes valued at $576 billion.BA raised 737 output to 42 monthly and 787 production to eight monthly amid improving stability and demand. The Boeing Company (BA - Free Report) is well positioned to benefit from one of the aviation industry's strongest long-term growth drivers — the global airline fleet renewal cycle. As passenger traffic continues to recover and airlines seek to improve fuel efficiency, reduce maintenance costs and meet increasingly stringent environmental regulations, carriers are accelerating investments in next-generation aircraft. Boeing's portfolio, led by the 737 MAX and 787 Dreamliner families, is well aligned with these industry trends.
Replacing aging fleets with newer-generation airplanes allows airlines to lower operating costs, extend route networks and improve profitability. Given that fuel remains one of the largest operating expenses for airlines, fleet renewal offers an increasingly compelling economic proposition.
Boeing’s production remained on an upward trajectory, with the 737 program operating at 42 aircraft per month and the 787 program producing eight aircraft per month, reflecting improving manufacturing stability and sustained customer demand.
The 737 MAX family offers airlines significant fuel-efficiency improvements over previous-generation narrow-body aircraft while serving the high-volume short- and medium-haul market. The 787 Dreamliner enables carriers to operate long-haul routes more efficiently through lower fuel consumption, advanced composite materials and reduced maintenance requirements. These aircraft are particularly attractive as airlines expand international networks and replace aging fleets.
The company's substantial order book further highlights the strength of the current demand environment. Boeing ended the first quarter with a commercial aircraft backlog of more than 6,100 airplanes valued at $576 billion. This backlog provides years of production visibility and reflects airlines' confidence in long-term passenger traffic growth despite near-term economic uncertainties.
Aerospace Companies Benefiting From Fleet RenewalAlong with Boeing, several other aerospace manufacturers are also benefiting from the ongoing global fleet modernization trend:
Airbus SE (EADSY - Free Report) continues to see strong demand for its A320neo and A350 families as airlines invest in more fuel-efficient aircraft and expand their fleets.
Embraer S.A. (EMBJ - Free Report) is benefiting from growing demand for regional jets, with its E2 family offering improved fuel efficiency and lower operating costs for regional carriers.
BA Stock’s Earnings EstimatesThe Zacks Consensus Estimate for 2026 and 2027 earnings per share indicates a year-over-year improvement of 99.06% and 4,158.7%, respectively.
Image Source: Zacks Investment Research
BA Stock Trades at a DiscountIn terms of valuation, BA’s forward 12-month price-to-sales (P/S) is 1.64X, a discount to the industry’s average of 2.53X.
Image Source: Zacks Investment Research
BA Stock’s Price PerformanceIn the past three months, the company’s shares have lost 3% compared with the industry’s 5.5% decline.
Image Source: Zacks Investment Research
BA’s Zacks RankThe company currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Riyadh Air zvažuje objednávku dalších 25 až 30 Boeingů 787 Dreamliner, což by znamenalo využití většiny smluvních opcí. Zároveň může navýšit i objednávku u Airbusu.
The engine of a Boeing Dreamliner 787-9, operated by Riyadh Air, is displayed at the 55th International Paris Airshow at Le Bourget Airport near Paris, France, June 17, 2025. REUTERS/Benoit... Purchase Licensing Rights, opens new tab Read more
PARIS, July 13 (Reuters) - Saudi startup Riyadh Air is studying the purchase of between 25 and 30 more Boeing (BA.N), opens new tab 787 Dreamliners by exercising most of its contractual options with the U.S. planemaker, and may also top up its Airbus order book, industry sources said.
The carrier, which last month staged its first commercial revenue flight, ordered up to 72 Boeing Dreamliners in 2023, including 39 definitive orders and options for a further 33.
The Reuters Iran Briefing newsletter keeps you informed with the latest developments and analysis of the Iran war. Sign up here.
An announcement that Riyadh Air is converting the bulk of those options into outright purchases could come as early as next week's Farnborough Airshow, the sources said, though they cautioned that details were still being discussed.
Riyadh Air and Boeing both declined to comment.
Riyadh Air also has 25 Airbus A350-1000 long-haul jets on order along with options for another 25. Industry sources say some of those may also be converted into firm orders. Airbus declined comment.
Reporting by Tim Hepher, Editing by Louise Heavens
Our Standards: The Thomson Reuters Trust Principles., opens new tab
