FAA certifikovala Boeing 737-10, čímž otevřela cestu k vyřízení více než 1 500 objednávek letadel. Boeing zveřejní výsledky za třetí čtvrtletí 27. října.
Boeing locked down the FAA certification it spent years chasing, signed a blockbuster Navy fighter deal, and ended a costly strike, yet shares kept falling and analyst estimates kept dropping. The Oct. 27 earnings report will reveal whether regulatory wins…
Boeing (NYSE:BA | BA Price Prediction) reports third-quarter results on Oct. 27, a week after the FAA certified the 737-10. Shares are down 14.99% since the last report. This quarter tests whether regulatory wins can turn into cash.
Regulatory Wins Pile Up While Shares Slide
Last quarter, revenue rose 8.0% to $24.56 billion and deliveries climbed 14% to 171 planes. Core EPS of -$0.76 missed the -$0.34 consensus. Free cash flow turned to a positive $631 million from -$200 million a year earlier, and backlog reached a record $715 billion.
The news since July has been strong. The FAA certified the 737-10 on Oct. 20, the Navy selected Boeing for F/A-XX, and a new labor contract removed strike risk. Even so, shares fell from $221.56 to $188.35. Analysts kept cutting too. The Q3 EPS consensus slipped from -$0.1111 to -$0.201 over 90 days, with nine downward revisions and zero upward revisions in the past month.
Cash Flow and the 737 Ramp Will Set the Tone
I’ll start with free cash flow. In July, management guided Q3 free cash flow to positive “low hundreds of millions” despite a $700 million DOJ payment, and held the full-year outlook at $1 billion to $3 billion. That number is the clearest test of whether the recovery holds.
Next is the 737 line. Boeing is increasing to 47 per month, preparing for 52 on the Everett North Line, and targeting 500 737 deliveries in 2026. Management identified wings as an internal weak spot as rates rise, so I want a clear update there.
Margins come third. Commercial Airplanes posted a negative 2.7% operating margin last quarter, with 737 and 787 cash margins “slightly above breakeven”. Watch for proof that higher volume is covering fixed costs.
On the 787, GE engine deliveries were expected to resume in the third quarter, while seat certifications could keep deliveries “a little bit lumpy”. Defense needs a cleaner quarter after a $280 million VC-25B charge pushed the division to a $15 million operating loss. Debt also stood at $45.9 billion, carrying roughly $600 million in quarterly interest expense.
A Cleared Runway Puts Execution on the Clock
Boeing has now secured the approval it needed most this year. The 737-10 certification opens a path to its 1,500+ order backlog, and 2027 consensus EPS of $3.7573 assumes that path turns into profit. That estimate has already dropped from $4.1043 over 90 days. CEO Kelly Ortberg said in July, “I can’t claim victory yet.” This report needs steady cash and cleaner factory numbers to back up the certification win.
Contact [email protected] for any questions or corrections.
Spor Boeingu s dodavatelem Vaero téměř na dva měsíce zastavil výrobu nákladního letounu 777 a narušil produkci modelu 767. Boeing se kvůli výpadku dodávek součástek snaží přesunout výrobu tohoto dílu do vlastních závodů.
Boeing's (BA.N) dispute with a small Florida-based supplier has halted production of its 777 freighter for nearly two months and disrupted output of the 767, including freighters and KC-46 aerial refueling tankers, according to Boeing workers and court filings.
Boeing filed a complaint in August alleging supplier Vaero had stopped delivering a critical wing component known as the trailing-edge rib kit, stalling work at the Everett, Washington, wing-production facility that supports the 777 freighter and 767 programs, according to a copy of the complaint reviewed by Reuters. The disruption was costing Boeing as much as $6.5 million a day, the complaint said.
Boeing said in the complaint that the trailing-edge rib kit was an "indispensable" part and Vaero was the sole supplier.
Although the companies reached a settlement in late September, production of the 777 freighter has yet to resume, according to three Boeing workers familiar with the matter. They declined to be named because they were not authorized to speak publicly.
The dispute also disrupted production of the 767, a widebody cargo and military aircraft, the people said. Since the settlement, Boeing has received some parts for the 767 line, according to one of the workers.
The prolonged disruption highlights the fragility of aerospace supply chains, showing how a dispute involving a single supplier can halt production of aircraft that remain in strong demand.
The lawsuit was first reported by Law.com in August, but the nearly two-month production disruption has not previously been reported.
Boeing declined to comment. Vaero did not respond to requests for comment.
BRINGING PRODUCTION IN-HOUSE
Boeing is trying to bring production of the trailing-edge rib kit in-house, according to two of the people. The component is used in wing assembly for the 767 and current-generation 777 freighter. Boeing's 777X, which uses composite wings, has not been affected.
Without the Vaero parts, Boeing removed two partially assembled 777 freighters from its final assembly line, according to one Boeing worker.
Using data from aviation consultancy IBA, Reuters identified one of the aircraft as destined for FedEx (FDX.N).
FedEx did not respond to a request for comment.
Boeing has delivered 21 777 freighters so far this year, company data show. It also has a handful of freighters whose wings were assembled before the dispute and could still be delivered before year-end, according to two of the Boeing workers.
The Federal Aviation Administration (FAA) just certified the Boeing (BA -2.46%) 737 MAX 10, a big development for the company on many fronts. Not only does it de-risk the company, but it also significantly and immediately boosts its earnings and cash flow prospects, enhances its operations, and allows it to compete with Airbus' (EADSY -1.51%) highly successful A321neo.
The certification is excellent news for Boeing investors
The news shouldn't come as a surprise; after all, management repeatedly told investors it expected it in 2027. That said, given recent history of groundings, certification delays, intense regulatory scrutiny, and production caps imposed by the FAA, it's understandable that investors might have been apprehensive about the eventuality.
$187.55-$4.73 (-2.46%)
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Still, with Boeing's last 737 MAX now certified, investors can start penciling in a host of improvements. First, there's a near-term earnings and cash flow benefit because Boeing was already building 737 MAX 10s in anticipation of certification and then first deliveries in 2027. Those deliveries will boost revenue, earnings, and cash flow because, until they are delivered, Boeing will have tied up cash in undelivered airplanes.
Margin, operational, and competitive improvements
Boeing has about 30% of its 737 backlog in 737 MAX 10s, and deliveries of them are likely to improve profit margins, not least as it will spread Boeing's fixed costs around more units produced. In addition, larger aircraft tend to have higher profit margins, so it's likely that the 737 MAX 10s in its backlog carry higher profit margins than the smaller variants.
There's also an operational benefit as Boeing has opened a production line in its larger Everett facility (which typically builds widebodies) which is used to build 737 MAX 10s -- Boeing's Renton facility (narrowbodies) "can't go nose to tail in the factory in Renton with all -10s," according to CEO Kelly Ortberg at a recent Morgan Stanley conference.
Image source: Getty Images.
Boeing 737 MAX 10 vs. Airbus A321neo
It will also increase Boeing's competitiveness with the Airbus A321neo. To be clear, it's far from an apples-to-apples comparison, because the A321neo variants range from 3,400 nautical miles to 4,700 nautical miles (A321XLR) with a maximum capacity of 244 passengers. This compares with the 737 MAX 10, which has a range of just 3,100 nautical miles and a maximum capacity of 230 passengers.
As such, the key benefit of the 737 MAX 10 is its ability to add capacity on short-haul routes, which airlines will appreciate, as well as avoiding the need to switch to Airbus planes to expand capacity.
Where next for Boeing
All told, the company's slow recovery, aided and abated by its high-caliber board and Ortberg's leadership, is underway, and tangible benefits are likely to become highly visible in 2027, not least from growing deliveries of the newly certified aircraft.
Boeing zatím nestabilizoval výrobu modelu 737 MAX na 47 letadel měsíčně, ale dodavatelský řetězec včetně CFM je podle Kellyho Ortberga připraven na další navyšování.
The single most important thing Boeing (BA +0.95%) can do to turn its business around is improve the delivery rate on its most important aircraft, the narrow-body 737 MAX. Given that increasing production has always been a key driver of profit margin expansion (unit costs tend to fall as production increases), it will increase earnings and cash flow for Boeing. In addition, improving 737 MAX production will positively impact the aerospace supply chain built around the company.
Why Boeing's suppliers are set for a strong 2027
The aerospace giant is traditionally the single largest U.S. exporter (dollar value) and can account for a couple of percentage points of U.S. exports. As such, improving 737 MAX production is a needle mover for the U.S. economy.
However, it's a gauge shaker for the supply chain, and arguably no bigger impact than on the company that makes the sole engine option for the 737 MAX, namely the GE Aerospace (GE -1.33%) and Safran joint venture CFM International.
$192.28+$1.81 (+0.95%)
NYSE · As of 4:00 PM ET 10/21/26
The good news for both companies is that Boeing is ramping up production. However, Boeing CEO Kelly Ortberg told investors in September at a Morgan Stanley conference that it had not yet stabilized production at 47 a month and it had "probably taken us a little bit longer than what I had anticipated maybe when we talked at the earnings call" in July.
That said, Ortberg also noted that "The supply chain is in really good shape, including CFM on the engines, for our rate ramps on 737," and the issue appears to be related to the wings that Boeing produces itself.
As such, don't panic if you are a GE Aerospace investor; this doesn't appear to be an issue with CFM's ability to produce the LEAP engines for the Boeing 737 MAX, and hopefully Boeing will announce it's still on track to hit its next target of 52 a month by the end of the year. Ortberg also noted that "once we get to 52 and 57, that's when you're going to see the supply chain more aligned with us relative to inventories."
Putting this together in plain English, when Boeing moves to a rate of 52 a month and then to 57 a month, its suppliers' earnings (revenue will be recognized) and cash flow (they can now produce closer to "just-in-time") should improve significantly as Boeing will have cleared the pre-built inventory from its suppliers.
Bottom line: Improving 737 MAX production not only benefits suppliers' sales opportunities; it also means (based on Ortberg's comments) that suppliers' revenue and cash flow will receive a boost in 2027 as the production rate ramps up on the 737 MAX.
Image source: Boeing.
Four companies set to benefit
That view is supported by Wall Street estimates for the following Boeing suppliers.
Company
Main Connection to Boeing
EPS Growth in 2027
EPS Growth in 2028
GE Aerospace
LEAP engines (CFM) for the 737 MAX, engines for the 787 Dreamliner
14.9%
14.2%
Howmet Aerospace (HWM -1.64%)
Castings, fasteners, and hardware for the LEAP engine and the 737 MAX
21.7%
16%
Hexcel (HXL -1.62%)
Advanced composite carbon fiber materials
30.3%
24.2%
Woodward (WWD +0.33%)
Fuel system, air management system, and actuation hardware for the LEAP
14.3%
18.2%
Data source: Company presentations. S&P Global Market Intelligence.
GE Aerospace actually suffers in the near term when LEAP engines ramp up because aircraft engines tend to be loss-making. Still, more engine deliveries translate into lucrative long-term aftermarket revenue for aircraft engine manufacturers. Hexcel is primarily an original equipment manufacturer (OEM), as there's little aftermarket demand for composites; therefore, increasing aircraft production at Airbus and Boeing is its key revenue driver.
Image source: Getty Images.
Woodward and Howmet are both OEM and aftermarket companies, and they stand to substantially benefit from increased 737 MAX production, as they can fully take advantage of capital investments made to build out their production capacity in preparation for the 737 MAX production ramp. Similarly, the reduction in inventory that Ortberg referred to means that companies like Howmet and Woodward won't need to tie up cash in equipment inventory that Boeing is slow to use in production.
Whichever way you look at it, these four stocks have plenty of potential to outperform next year.
The Federal Aviation Administration on Tuesday signed off on the Boeing 737 Max 10 after years of delays, a major win for the manufacturer and the last in Boeing's best-selling family of jets to get government approval.
The green light comes weeks after federal officials reviewed a navigation system glitch on the aircraft but deemed it was not a safety-of-flight issue.
Tune in at 4:40 p.m. ET as Transportation Secretary Sean Duffy joins CNBC TV to discuss the certification. Watch in real time on CNBC+ or the CNBC Pro stream.
The 737 Max 10, the largest model in the family that can seat up to 230 people, was set to start flying in 2020, but increased scrutiny following two Max crashes in 2018 and 2019 and other safety issues delayed its certification. Engineering changes were also required, including to an anti-icing system for the aircraft's engines.
"The FAA's decision follows a thorough review of the aircraft's design and safety requirements," said FAA Administrator Bryan Bedford. "We will continue to hold Boeing to the highest safety standards."
Max 10 customers include Alaska Airlines, American Airlines, United Airlines and Delta Air Lines. Boeing said the Max 10 makes up about 30% of its Max backlog.
Read more about aircraft delaysUnited has been waiting so long for the Boeing 737 Max 10 it doesn't know what to do with the seats it ordered years agoFirst class seats are so in-demand that they're holding up new planesUnited CEO casts doubt on 737 Max 10 order after Boeing’s recent problemsEmirates to hold Boeing’s ‘feet to the fire’ to deliver on $38 billion deal, president saysAirlines can finally start flying passengers soon after planes are certified, but it can take months for carriers to work them into schedules.
"Completing the certification program clears the path for us to deliver a Boeing airplane that will set a new standard in commercial aviation," Stephanie Pope, CEO of Boeing's commercial airplane unit, said in a news release.
United CEO Scott Kirby told CNBC in August that the airline had been waiting so long for the Max 10 that the lie-flat seats it expected for the plane no longer make sense and are sitting in a warehouse. Alaska Airlines last month said it plans to put lie-flat seats on some of its 737 Max 10s in a push for more premium offerings.
The FAA approved the smallest model of the 737 Max family, the Max 7, in early August.
Boeing has been working to ramp up production of its 737 Maxes and 787 Dreamliners, which are key to its recovery since airlines and other customers pay the bulk of the aircraft's price upon delivery. The manufacturer opened a fourth production line in Everett, Washington, in July for its 737 Max airplanes.
Boeing očekává ve třetím čtvrtletí roku 2026 ztrátu 0,14 USD na akcii při tržbách ve výši 24,53 miliardy USD, což představuje meziroční nárůst o 5,4 %.
Boeing (BA - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 27. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis airplane builder is expected to post quarterly loss of $0.14 per share in its upcoming report, which represents a year-over-year change of +98.1%.
Revenues are expected to be $24.53 billion, up 5.4% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 52.74% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Boeing?For Boeing, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +27.01%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that Boeing will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Boeing would post a loss of$0.34 per share when it actually produced a loss of -$0.76, delivering a surprise of -123.53%.
Over the last four quarters, the company has beaten consensus EPS estimates just once.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Boeing doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry PlayerAnother stock from the Zacks Aerospace - Defense industry, Lockheed Martin (LMT - Free Report) , is soon expected to post earnings of $7.49 per share for the quarter ended September 2026. This estimate indicates a year-over-year change of +7.8%. Revenues for the quarter are expected to be $20.43 billion, up 9.8% from the year-ago quarter.
The consensus EPS estimate for Lockheed has been revised 0.1% lower over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -1.24%.
This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that Lockheed will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Boeing představil platformu Dataliner využívající AI, která leteckým společnostem propojí data z celé flotily pro rozhodování v oblasti údržby a provozu při zachování kontroly nad sdílenými daty.
New AI-powered platform combines aviation data with Boeing's aircraft insights to deliver fleet-wide intelligence and effective operational decisions
Built with Microsoft data and AI solutions and other technologies, Dataliner prioritizes security, data sovereignty and customer choice
, /PRNewswire/ -- Boeing [NYSE: BA] today announced Dataliner, a new AI-powered data intelligence platform designed to help airlines unlock greater value from their aviation data. Dataliner transforms fragmented data into connected, fleet-wide intelligence that supports smarter maintenance and operational decisions.
Boeing's new AI-powered platform Dataliner combines aviation data with Boeing's aircraft insights to deliver fleet-wide intelligence and effective operational decisions. (Boeing photo)
Dataliner combines aviation data, AI and Boeing's deep aircraft and engineering expertise, enabling airlines to move beyond isolated data, transitioning from looking at data for each individual aircraft to gaining a more complete understanding of their fleets.
Built in partnership with Microsoft, leveraging Azure AI Foundry and Microsoft's data solutions, as well as other technologies, Dataliner allows airlines to keep data in their own environments while enriching it with Boeing and industry intelligence. Airlines maintain control over what they share and can access Boeing intelligence through applications, APIs, analytics and AI-enabled experiences.
"Airlines have more data available to them than ever before, but turning that data into meaningful action remains a challenge," said Lindsey Douglas, vice president, Cabin, Modifications, Maintenance and Digital Services, Boeing Global Services. "Dataliner is an important step in how Boeing is bringing its aircraft expertise and digital capabilities together to help customers anticipate maintenance needs, identify emerging risks and take timely action."
"By combining Boeing's OEM and aviation expertise with Microsoft's trusted data and AI technologies, Dataliner gives airlines a secure, scalable foundation to turn fragmented data into fleet-wide intelligence," said Chris Barry, President, U.S. Public Sector Industries, Microsoft.
Key Benefits
Fleet-wide intelligence: A more complete view of aircraft condition, maintenance history and operations to support better-informed decisions
Data security and governance: Built-in access controls, encryption and monitoring to help protect sensitive aviation data
Data sovereignty and control: Flexible, on-demand data sharing without requiring airlines to centralize their data on a single platform
Dataliner also provides a common intelligence foundation for Boeing's Digital Services portfolio. It supports the development of new Digital Services products, including Asset Lifecycle Planning and TechOps AI Agent, while creating opportunities to bring greater connectivity and intelligence to established solutions such as Airplane Health Management, Insight Accelerator and Maintenance Performance Toolbox, introducing a new era of aircraft intelligence.
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.
European airfares will see their "biggest increase in history" next year, Ryanair (RYA.I) CEO Michael O'Leary said on Tuesday, with airlines largely unhedged against higher jet fuel costs.
O'Leary forecast there would be fewer seats available next year as a result of bankruptcies and takeovers among airlines, which together with the unhedged positions would result in fares increasing by as much as 20%.
"You're going to see airfares rise next year in Europe, I think by 10, 15, maybe 20%. You're going to see the biggest increase in airfares, I would say, in history in Europe for the next 12 months," O'Leary told a news conference in Brussels.
The Iran war has driven jet fuel prices sharply higher, squeezing margins for airlines that were unhedged.
O'Leary said that Ryanair and other European airlines had strong hedge positions on jet fuel for 2026, adding that Europe's largest airline was 80% hedged at $67 per barrel to March 2027 when the conflict began at the end of February.
The Ryanair CEO said that from April 2027 most European airlines had very little hedging in place. Ryanair has just 15% of its fuel costs for next year at $85 a barrel, compared with spot rates around double that level, he said.
BOEING 737 MAX 10 CERTIFICATION
O'Leary was in Brussels to announce he was cutting 20 routes and more than a million seats from Belgium for the airline's winter schedule after Belgian plans to increase its aviation tax to €7 in January from €2 now.
The industry veteran also said he was optimistic that US certification of the Boeing (BA.N) 737 MAX 10 will be completed this month, allowing Ryanair to receive 16 planes in early 2027.
"Boeing are hoping to have the MAX 10, the new aircraft, certified before the end of October ... We're pretty optimistic that that date will be hit," O'Leary told Reuters.
US Transportation Secretary Sean Duffy is expected to announce the Federal Aviation Administration has approved the long-delayed 737 MAX 10 on Tuesday after a glitch with its navigation software threatened further delay to certification.
Some companies learn the hard way that tussling with organized labor often isn't a winning proposition, and when those disagreements are lengthy and public, nobody wins. But there are plenty of losers, including the company itself, its workers, and shareholders.
It looks as if Boeing (BA +2.20%) got that memo because earlier this month, the aerospace and defense Goliath averted a strike with 17,000 engineers and technical workers. For many of the largest industrial companies by market cap, of which Boeing is one, engineers and technical staffers are among the most essential personnel, so keeping them happy is a good idea.
Boeing stock has been grounded, but it could take flight again. Image source: Getty Images.
Boeing may have accomplished that objective as the Society of Professional Engineering Employees in Aerospace came away saying it notched some wins it previously thought "were completely out of reach." Still, Boeing shares are off 11.3% over the past month, extending a bear market in which the stock is down 26.7% from its 52-week high. Those are ominous statistics, but I see opportunity in this decline.
Boeing's a battlefield, but it has positives Undoubtedly, Boeing has its warts. On the commercial aircraft side of the equation, which has been a thorn in the stock's side for multiple years, Boeing previously warned that supply chain issues could present production snags in its 737. Compounding the issue, an autopilot software "glitch" prompted a Sept. 28 sell-off in the shares.
Still, the defense side of the Boeing coin is appealing. The U.S. Navy recently chose Boeing over rival Northrop Grumman to deliver (likely in the 2030s) the sixth generation of carrier-based fighter jets. For fans of avionics and movies, the plane that will eventually replace the vaunted F-18 Super Hornet. This is an important, potentially lucrative contract for prospective Boeing investors to consider because, as just one example, F-18s were among the jets that flew more than 14,000 "sorties" (military speak for flight missions) during the USS Abraham Lincoln's recently concluded deployment.
That contract win came after the Air Force chose Boeing to develop the F-47, the plane that will replace the F-15. Arguably, there's an element of prestige in that contract win that Boeing's share price isn't reflecting because, in air-to-air combat, also known as dogfighting, the F-15 is undefeated.
$188.73+$4.07 (+2.20%)
NYSE · As of 4:00 PM ET 10/15/26
Just my two cents, but I believe Boeing deserves some credit for a contract win to develop the replacement for what some experts believe is the greatest fighter jet ever built. That credit should be accentuated at a time when Uncle Sam is boosting defense spending with an eye toward cementing U.S. air dominance for years to come.
Maybe a revolutionary idea Boeing is 110 years old, so calling it "old" is accurate, while labeling it "revolutionary" may seem like a stretch. But another reason this stock piques my interest is its credible ties to an emerging "modern-day industrial revolution," which some analysts believe is being ushered in by aerospace and defense companies.
In fact, Barclays analyst Anthony Valentini recently mentioned Boeing as a potential winner in an industrial revolution scenario.
Investors need not worship at the altar of everything analysts say. Still, there may be comfort in knowing Boeing has made some revolutionary inroads and is supported by government contract victories.
Boeing podle generálního ředitele Kellyho Ortberga potřebuje ještě „pár let“, než se zaváže k vývoji nového letadla; firma má zakázky v celkové hodnotě 715 miliard USD.
Boards of directors matter. They are responsible for defending shareholders' interests and helping set the company's strategic direction and capital allocation, electing its management, and lending their experience and expertise to steer the company in the right direction. These are incredibly important aspects for a company like Boeing (BA -0.98%) right now, and the good news is the board looks significantly stronger than it did a few years ago.
Boeing's board changes
One useful way to assess the changes is to consider the board when the previous CEO, David Calhoun, was appointed and compare it with the board when the current CEO, Kelly Ortberg, took over.
Boeing Board That Elected Calhoun
Current Boeing Board
Lawrence W. Kellner, former CEO of Continental Airlines
Steven M. Mollenkopf, former chief executive of Qualcomm
David L. Calhoun, a 26-year General Electric veteran, including running GE Aircraft Engines
Robert K. "Kelly" Ortberg, president and chief executive, former chief executive of Rockwell Collins
Robert A. Bradway, CEO of Amgen
Robert A. Bradway, CEO of Amgen
Arthur D. Collins Jr., former CEO of Medtronic
Akhil Johri, former chief financial officer of United Technologies
Edmund P. Giambastiani Jr., former vice chairman of the Joint Chiefs
David L. Joyce, former chief executive of GE Aviation
John M. Richardson, former chief of naval operations
John M. Richardson, former chief of naval operations
Lynn J. Good, CEO of Duke Energy
Lynn J. Good, CEO of Duke Energy
Nikki R. Haley, former U.N. ambassador
Lynne M. Doughtie, former U.S. chairman and chief executive of KPMG
Caroline B. Kennedy, former ambassador to Japan
David L. Gitlin, chairman and chief executive of Carrier
Susan C. Schwab, former U.S. trade representative
Bradley D. Tilden, former chief executive of Alaska Air Group
Edward M. Liddy. Chairman and chief executive of Allstate.
Stayce D. Harris, retired United Airlines pilot and Air Force lieutenant general
Mike S. Zafirovski. Former chief executive of Nortel and former president and chief operating officer of Motorola.
Mortimer J. "Tim" Buckley, former chief executive of Vanguard
Dennis A. Muilenburg, outgoing chief executive.
N/A
Ronald Williams, former chairman and CEO of Aetna
N/A
Data source: Boeing filings.
In comparing the boards that elected Calhoun with its current makeup, there's a significant shift in directors with deep aviation experience. In particular, it's not immediately clear what deep aviation expertise Nikki Haley, Caroline Kennedy, Susan Schwab, Ronald Williams, and Arthur Collins possessed at the time. Richardson, Good, and Bradway remain on the board today.
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A board with deep aviation expertise
Four standout names on the current board should give investors considerable confidence. David Tilden formerly ran an air carrier. David Joyce is a vastly experienced aviation executive who retired as CEO of GE Aviation (the company that preceded GE Aerospace) in 2020. Akhil Johri is a vastly experienced aerospace executive who was formerly the CFO of United Technologies (the company that gave birth to the aerospace and defense giant RTX). David Gitlin is a former president of two United Technologies' aerospace businesses, Collins Aerospace and UTC Aerospace.
Image source: Boeing.
Why it matters for Boeing
Industry experience is crucial for Boeing because, as Ortberg noted on his first earnings call as CEO in October 2024, "we need to develop a new airplane, but we have a lot of work to do before them," including "restoring the balance sheet so that we do have a path to the next commercial aircraft."
It's no small task as its debt has ballooned and free cash flow has collapsed in recent years. The key point is that the usual cycle of the current generation narrow-body, in this case the 737 MAX, generating the cash flow to fund the development of the next generation narrow-body, has been severely disrupted by the high-profile crashes, groundings, and production ramp issues on the 737 MAX.
BA Financial Debt (Quarterly) data by YCharts
These issues remain apparent, as Ortberg recently told investors that Boeing needs "a couple more years" before it can commit to a new airplane.
It still has a $715 billion backlog and many years' worth of orders to deliver. As such, Boeing's board has a key role in ensuring that the overall strategy, business plan, capital structure, oversight, and capital allocation are on the right track. The good news is the board has plenty of experience to help Ortberg get there, and it's a weapon in the company's arsenal as its executive management engineers a long-term turnaround.
Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amgen, Boeing, GE Aerospace, Medtronic, and RTX. The Motley Fool recommends Duke Energy. The Motley Fool has a disclosure policy.
Sax Wealth Advisors LLC boosted its holdings in shares of The Boeing Company (NYSE:BA – Free Report) by 349.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,429 shares of the aircraft producer’s stock after buying an additional 8,107 shares during the period. Sax Wealth Advisors LLC’s holdings in Boeing were worth $1,940,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Highland Investment Advisors LLC acquired a new position in shares of Boeing in the 2nd quarter valued at $26,000. Wealth Preservation Advisors LLC lifted its holdings in shares of Boeing by 66.7% during the 4th quarter. Wealth Preservation Advisors LLC now owns 125 shares of the aircraft producer’s stock worth $27,000 after acquiring an additional 50 shares during the period. Strategic Wealth Advisors LLC bought a new position in shares of Boeing during the 2nd quarter worth about $27,000. Bell Investment Advisors Inc bought a new position in shares of Boeing during the 2nd quarter worth about $29,000. Finally, Bayban acquired a new stake in shares of Boeing during the 4th quarter valued at about $29,000. Institutional investors own 64.82% of the company’s stock.
Key Stories Impacting Boeing Here are the key news stories impacting Boeing this week:
Positive Sentiment: Boeing delivered 57 aircraft in September, its highest monthly total of 2026, up from 51 in August and 55 a year earlier. Third-quarter commercial deliveries reached 161 aircraft, including 124 737s, while defense deliveries totaled 133 units. The increase supports Boeing’s efforts to raise production and convert its substantial backlog into revenue and cash. Reuters delivery report Positive Sentiment: The U.S. Navy’s selection of Boeing for the F/A-XX carrier-based fighter, along with a reported $715 billion order book, strengthens the company’s long-term commercial and defense growth outlook. Analysts also argue that Boeing could benefit from future U.S. tactical-aircraft programs. Order book and fighter program analysis Positive Sentiment: Barclays initiated favorable coverage with an Overweight rating, while other bullish commentary suggests Boeing’s recent setbacks may already be reflected in the stock’s valuation. Barclays coverage Neutral Sentiment: September and third-quarter delivery figures are preliminary and will not be considered final until Boeing reports its quarterly financial results. Boeing delivery announcement Negative Sentiment: Bernstein lowered its price target to $278 from $298 and cited limited visibility into Boeing’s cash flow. Persistent negative cash generation, heavy debt and comparisons with financially stronger aerospace companies remain major investor concerns. Bernstein price-target report Negative Sentiment: High oil prices, defense-sector uncertainty, a 737 MAX software issue and pending regulatory approvals are offsetting the delivery improvement. The stock also trades below its 50-day and 200-day moving averages, reflecting continued technical caution. Boeing stock headwinds Boeing Price Performance Shares of BA stock opened at $186.61 on Wednesday. The stock’s fifty day simple moving average is $207.81 and its 200 day simple moving average is $215.84. The Boeing Company has a one year low of $176.77 and a one year high of $254.35. The firm has a market cap of $147.49 billion, a price-to-earnings ratio of 80.78 and a beta of 1.26. 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 released its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) 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 company had revenue of $24.56 billion for the quarter, compared to analyst estimates of $24.26 billion. During the same quarter in the prior year, the company earned ($1.24) earnings per share. The business’s revenue was up 8.0% compared to the same quarter last year. On average, analysts expect that The Boeing Company will post -0.94 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In BA has been the topic of a number of analyst reports. Argus raised shares of Boeing from a “hold” rating to a “buy” rating and set a $265.00 target price on the stock in a research note on Tuesday, August 11th. Royal Bank Of Canada reissued a “buy” rating on shares of Boeing in a research report on Wednesday, September 30th. William Blair reissued an “outperform” rating on shares of Boeing in a research report on Wednesday, September 30th. Robert W. Baird set a $300.00 price target on shares of Boeing and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group decreased their price objective on Boeing from $295.00 to $265.00 and set a “buy” rating on the stock in a report on Monday, September 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $269.16.
Read Our Latest Stock Report on Boeing
Boeing Profile (Free Report)
The Boeing Company (NYSE: BA) is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, spacecraft and related systems. Its commercial portfolio includes the 737, 787 Dreamliner and 777 families, as well as the 777X program. Boeing sells aircraft to airlines, cargo operators and leasing companies around the world.
Through its defense and space operations, Boeing provides products and services for the U.S. government, allied governments and other institutional customers.
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Boeing (BA - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Over the past month, shares of this airplane builder have returned -11.1%, compared to the Zacks S&P 500 composite's +2.1% change. During this period, the Zacks Aerospace - Defense industry, which Boeing falls in, has lost 8.9%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, Boeing is expected to post a loss of $0.15 per share, indicating a change of +98% from the year-ago quarter. The Zacks Consensus Estimate has changed +17.1% over the last 30 days.
For the current fiscal year, the consensus earnings estimate of -$0.95 points to a change of +91.1% from the prior year. Over the last 30 days, this estimate has changed -5.3%.
For the next fiscal year, the consensus earnings estimate of $3.79 indicates a change of +499.7% from what Boeing is expected to report a year ago. Over the past month, the estimate has changed -2.2%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Boeing is rated Zacks Rank #4 (Sell).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For Boeing, the consensus sales estimate for the current quarter of $24.8 billion indicates a year-over-year change of +6.6%. For the current and next fiscal years, $97.38 billion and $112.7 billion estimates indicate +8.8% and +15.7% changes, respectively.
Last Reported Results and Surprise HistoryBoeing reported revenues of $24.56 billion in the last reported quarter, representing a year-over-year change of +8%. EPS of -$0.76 for the same period compares with -$1.24 a year ago.
Compared to the Zacks Consensus Estimate of $24.05 billion, the reported revenues represent a surprise of +2.11%. The EPS surprise was -123.53%.
Over the last four quarters, the company surpassed EPS estimates just once. The company topped consensus revenue estimates each time over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Boeing is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Boeing. However, its Zacks Rank #4 does suggest that it may underperform the broader market in the near term.
Boeing (BA.N) said on Tuesday that it delivered 57 jets in September, up from 51 in August and 55 a year earlier as it works to ramp up production of its best-selling 737 MAX narrow-body. It was the planemaker's highest monthly total so far this year.
Turkish Airlines' order for 100 737 MAX jets boosted Boeing's September total of new orders to 165.
The US planemaker still trailed European rival Airbus' 72 deliveries in September, but Boeing far outsold its rival, which booked only 17 new orders from two customers last month.
Boeing's September deliveries included 43 737 MAX jets, eight 787s, two 777 freighters and four 767s, including three for Boeing's defense unit for completion as KC-46 aerial refueling tankers.
The higher deliveries come as Boeing works to consistently increase 737 MAX output to 47 jets a month, which has taken longer than expected, Boeing CEO Kelly Ortberg said during an investor conference in September.
Through September, Boeing has delivered 475 jets this year, up 8% from a year earlier. That includes 363 737 MAX jets, the most the MAX program has ever delivered in the first nine months of a year.
In addition to Turkish Airlines' order, Boeing booked orders for 20 737 MAX jets for Lufthansa, six 737 MAX and five 787 jets for Biman Bangladesh Airlines, and eight 777-8 freighters and two 777 freighters for Ethiopian Airlines. Another six 737 MAX and 18 787 orders came from unidentified customers.
Boeing ended September with an official backlog of 6,371 jets, up from 6,156 at the end of August.
Investors seem to have largely overlooked Boeing Co’s (NYSE:BA) F/A-XX program win, according to Bank of America Securities.
The Boeing Rating: Analyst Ronald Epstein reiterated a Buy rating and price target of $270.
• What’s next for BA stock?
The Boeing Thesis: Boeing won two massive military contracts, namely the U.S. Air Force’s F-47 (NGAD) and the Navy’s F/A-XX sixth-generation fighter programs, Epstein said in the note.
Check out other analyst stock ratings.
"Boeing now holds the keys to the future of U.S. tactical aircraft," he wrote.
Winning both these contracts gives the company control over the future of U.S. fighter jets and these two programs combined could be worth more than $200 billion, the analyst stated.
"This would’ve been a big deal for the most successful tactical aircraft business, let alone Boeing’s franchise, which was widely believed to be in a downward trajectory up to this point," he further noted.
When competitors Lockheed Martin Corp (NYSE:LMT) and Northrop Grumman Corp (NYSE:NOC) won similar mega-contracts, their stock stayed flat for three months but beat the market significantly after 12 months, gaining 13%-25%, Epstein said.
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Boeing’s stock has shed around 16% so far this year. Based on historical patterns, the stock can be expected to "outperform through 2027 as F-47 and F/A-XX development progresses," he stated.
Software issues with the 737 Max 10 were cleared by the FAA as safe, removing immediate financial risks and delay worries, while strike risks are also resolved, the analyst noted.
"We haven’t been this bullish on Boeing in a very long time. BA is not just a commercial turnaround story; now it is also a tactical aircraft growth story," he further wrote.
BA Price Action: Shares of Boeing had declined by 0.03% to $190.36 at the time of publication on Monday.
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Avolon objednal 140 letadel Boeing a 110 letadel Airbus s opcí na dalších 100 letadel Airbus. Jde o jeho největší objednávku, která zvýší objednaný park společnosti na 749 strojů.
737 MAX airplanes sit 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 Purchase Licensing Rights, opens new tab
SummaryCompaniesLargest order Avolon has placed with either planemakerLessor's total aircraft on order rises to 749Offloads more older aircraft during the quarterDUBLIN, Oct 9 (Reuters) - Global leasing giant Avolon said on Friday it had agreed to order 140 aircraft from Boeing (BA.N), opens new tab and 110 from Airbus (AIR.PA), opens new tab, with an option to buy a further 100 jets from the European planemaker.
The orders were the largest Avolon, the world's third-biggest aircraft lessor, has placed with either manufacturer and bring its total number of aircraft on order to 749, on top of the 561 it currently owns.
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Dublin-based Avolon said the order comprised 140 Boeing 737 MAX jets, 75 Airbus A320neo planes and 35 of its wide-body A330neos, with options for a further 100 unspecified Airbus aircraft.
Aircraft lessors own around half the world's airline fleet and have been in hot demand from airlines in recent years due to a backlog of plane orders, a trend that has supported the specialist industry's rentals, resale values and profits.
It has also allowed leading lessors like Avolon to sell their older planes to make room for more fuel-efficient new-technology aircraft.
Avolon said in a trading update on Friday that it had sold 29 aircraft during the July-September quarter, with a further 112 aircraft agreed for sale at the end of September.
"We continue to see strong demand for new-technology aircraft, reflected in our placement and trading activity this quarter," Avolon CEO Andy Cronin said in a statement.
The new orders are subject to approval by Avolon's majority shareholder, China's Bohai Leasing Co Ltd (000415.SZ), opens new tab, which the lessor said is expected before the end of this month.
Adds details, CEO quotes throughout
Reporting by Padraic Halpin; editing by William James and Susan Fenton
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Boeing získal kontrakt v hodnotě 42,2 milionu USD na výrobu 29 konstrukcí senzorových sestav a výměnných sestav palivových nádrží pro program IRST Block II amerického námořnictva a australského letectva.
Key Takeaways Boeing won a $42.2M contract to produce IRST Block II assemblies for U.S. and Australian forces.Rising demand for passive sensing could support Boeing as militaries upgrade aircraft and detection systems.U.S. and allied investment in advanced situational awareness could sustain long-term IRST demand. The Boeing Company (BA - Free Report) is positioned to benefit from growing demand for advanced aircraft sensing technologies as the U.S. military and its allies seek better ways to detect and track increasingly sophisticated airborne threats. Infrared Search and Track (IRST) systems are gaining importance as they provide passive sensing capabilities that complement traditional radar systems.
IRST technology uses infrared sensors to detect and track aircraft and other objects without actively transmitting signals. This can help improve situational awareness and provide pilots with additional information in complex operating environments. The technology is particularly relevant as military forces focus on improving aircraft survivability and maintaining an advantage in contested airspace.
Boeing is supporting this trend through its work on the IRST Block II program for the U.S. Navy. In September, the company received a $42.2 million contract for the production of 29 sensor assembly structures and fuel tank assembly weapon-replaceable assemblies. The procurement includes units for the Navy and the Royal Australian Air Force, highlighting both domestic and allied demand.
The broader adoption of advanced sensing technologies could create opportunities for Boeing as military customers upgrade existing aircraft and develop next-generation capabilities. Demand for passive detection and tracking systems should remain important as threats become more difficult to identify and counter.
Boeing’s exposure to military aircraft and sensor programs, along with rising demand for advanced situational awareness, could support its defense business. Continued investment by the United States and allies should sustain long-term demand for technologies such as IRST.
Defense Stocks to Keep on the RadarGrowing demand for advanced aircraft sensors and threat-detection technologies could also benefit other defense contractors with strong sensor portfolios.
Lockheed Martin (LMT - Free Report) : Lockheed Martin develops advanced sensors and mission systems for fighter aircraft, including the F-35. Its sensor capabilities support pilots with enhanced detection, tracking and situational awareness.
Northrop Grumman (NOC - Free Report) : Northrop Grumman provides advanced radar, electronic warfare and sensor technologies for military aircraft. Its systems support threat detection and situational awareness across multiple defense platforms.
The Zacks Rundown for BAShares of Boeing have lost 8.4% in the past month compared with the Zacks aerospace-defense industry’s decline of 9.1%.
Image Source: Zacks Investment Research
From a valuation standpoint, BA is currently trading at a forward 12-month sales multiple of 1.36X, a discount when stacked up with the industry average of 2.07X.
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 #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Akcie Boeingu za poslední měsíc klesly o 10,6 %; vysoký dluh ve výši 45,9 mld. USD, zpoždění programu 777X a rušení objednávek nadále zatěžují společnost.
Key Takeaways Boeing's debt remains high as production delays, order cancellations and 777X setbacks weigh on execution.Boeing secured seven-year PAC-3 MSE and MH-139A contracts, boosting defense demand and production visibility.Boeing trades at a discounted P/S valuation, but poor ROIC and uneven cash generation remain concerns. The Boeing Company’s (BA - Free Report) shares have lost 10.6% in the past month compared with the Zacks Aerospace-Defense industry’s decline of 9%. BA continues to carry a significant debt burden despite ongoing efforts to reduce its leverage. While the company’s balance sheet is gradually improving, its high debt levels continue to absorb financial capacity that could otherwise support investments, growth initiatives or shareholder returns.
Image Source: Zacks Investment Research
Shares of other defense stocks, such as Northrop Grumman (NOC - Free Report) and Lockheed Martin (LMT - Free Report) , have lost 8.7% and 6.8%, respectively. Northrop Grumman is supported by strong backlog levels, higher defense spending and growing demand across strategic deterrence, missile defense, space and advanced aircraft. Similarly, Lockheed Martin benefits from a robust backlog, increasing munitions production and strong alignment with United States and allied defense priorities, providing a foundation for sustained growth.
Considering Boeing’s underperformance, 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.
Key Headwinds Facing BA StockBoeing’s consolidated debt totaled $45.9 billion as of the end of the second quarter, down $1.3 billion sequentially and $8.2 billion year to date. Cash and marketable securities totaled $20.0 billion, while $10.0 billion of credit facilities remained undrawn. The balance sheet is improving, but debt still absorbs financial capacity that could otherwise support investment or shareholder returns. Boeing expects free cash flow of $1 billion to $3 billion in 2026, with a $700 million DOJ payment scheduled for the third quarter. Management remains committed to debt reduction and preserving its investment-grade rating. Until cash generation becomes more durable, leverage will remain an important constraint on financial flexibility.
The order book is growing, but slow production, delayed deliveries and ongoing inspections could be turning customers away from Boeing’s commercial aeroplanes, leading to recent order cancellations. Aircraft order cancellations during the six months ended June 30, 2026, totaled $2.78 billion and primarily relate to 737 aircraft. Additionally, 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—driven by rigorous FAA scrutiny, design changes and part cracks—have resulted in significant cost overruns.
Factors Acting in Favor of BA StockOn Oct. 5, 2026, Boeing announced that it received a seven-year contract from Lockheed Martin to scale production and deliver PAC-3 Missile Segment Enhancement (“MSE”) seekers. The award formalizes a previously announced seven-year framework and allows Boeing to triple PAC-3 MSE seeker production. The contract strengthens Boeing's Defense, Space & Security (BDS) business by providing greater visibility into long-term defense demand and supporting higher production volumes for a critical missile-defense component.
On Oct. 1, 2026, Boeing announced that it had received an order for the first four full-rate production MH-139A Grey Wolf helicopters after the U.S. Air Force declared the program had reached initial operational capability earlier in the year. The award moves the Grey Wolf program into full-rate production and supports the Air Force’s plans to deploy the helicopter to protect critical national assets, including strategic missile fields. The new order brings the total number of MH-139A helicopters under contract to 42, with Boeing having already delivered 27.
Estimates for BA StockThe Zacks Consensus Estimate for Boeing’s 2026 earnings per share (EPS) indicates a year-over-year improvement of 91.45%.
Image Source: Zacks Investment Research
The consensus estimate for Northrop Grumman’s 2026 EPS suggests year-over-year growth of 9.45%. The Zacks Consensus Estimate for Lockheed Martin’s 2026 EPS implies a year-over-year rise of 31.7%.
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 Poor ROICThe image below shows that BA stock’s trailing 12-month return on invested capital (ROIC) not only lags the peer group’s average return but also reflects a negative figure. This suggests that the company's investments are not yielding sufficient returns to cover its expenses.
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 1.36X, a discount to the industry’s average of 2.11X. 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 is making progress on debt reduction, but elevated leverage and uneven cash generation continue to constrain financial flexibility. Commercial-aircraft production delays, order cancellations and 777X setbacks remain key risks, while growing defense contracts provide a positive offset by strengthening demand and production visibility.
Considering current execution challenges, price performance and poor ROIC, it is advisable to avoid the stock at present. BA has a Zacks Rank #4 (Sell) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Boeing's (BA -0.79%) backlog lies at the heart of the stock's investment case. It allows management to unlock significant value for investors. Simply put, the stock has upside potential if management can execute better operationally.
That hasn't always been the case at Boeing in recent years, but there are tangible signs of improvement under CEO Kelly Ortberg, and the company's trajectory is in the right direction.
Image source: Boeing.
The overwhelming majority of the backlog is at Boeing Commercial Airplanes (BCA), which represents more than 6,200 aircraft. It's a huge number, and despite increased 737 MAX production in 2026, the backlog rose by $33 billion in the first half of 2026. The BCA backlog accounted for slightly more than $29 billion of that overall increase.
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Boeing continues to win orders and grow its backlog. Moreover, Wall Street expects Boeing to generate $97.9 billion in revenue this year.
Data source: Boeing presentations. Chart by author.
The backlog is positive and negative The backlog presents an opportunity for Boeing, but its duration speaks volumes about the company's difficulties in recent years. Its filings at the Securities and Exchange Commission (SEC) said: "We expect approximately 21% to be converted to revenue through 2027 and approximately 62% through 2030, with the remainder thereafter. Significant uncertainty remains about when backlog will convert into revenue."
That's a relatively long duration, meaning that it will take time to convert into earnings and cash flow. It's concerning for two reasons:
It contains some aircraft that aren't even certified yet, such as the wide-body 777X and the longer 737-10 narrow-body. The long duration reflects the bottlenecks and challenges that Boeing has in ramping up aircraft production. What it means for investors Boeing's backlog is not without risk, but the fact that 737 MAX production has gone from the low 30s per month at the start of 2025 to a target of stabilizing at 47 per month is a very positive sign. As long as Boeing can keep making progress on this front, investors will have reason to believe it can deliver on its backlog.
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.
NEW YORK, Oct. 06, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of The Boeing Company (“Boeing” or the “Company”) (NASDAQ: BA). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Boeing and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On September 28, 2026, the U.S. Federal Aviation Administration said that it would delay certifying Boeing’s 737 MAX 10 aircraft pending resolution of a newly disclosed software issue that could prevent pilots from accessing automated flight guidance during a specific landing scenario.
On this news, Boeing’s stock price fell $13.68 per share, or 6.91%, to close at $184.39 per share on September 28, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Boeing získal od amerického námořnictva kontrakt v hodnotě zhruba 20 mld. USD na vývoj palubního stíhacího letounu a zakázku od Lockheed Martin v hodnotě až 14,7 mld. USD na naváděcí hlavice pro střely Patriot.
Boeing just landed a Navy fighter contract, a multibillion-dollar missile deal, and an FAA all-clear in a single week, yet analysts still see the stock trading at a 40-plus percent discount to where they think it belongs.
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Four pieces of good news reached Boeing (NYSE:BA | BA Price Prediction) in seven days, yet the stock trades at $192.74 against an average analyst price target of $273.42. That leaves an implied upside of about 41.9%.
A gap above 40% is unusual for a company valued near $152.3 billion. Of 28 analysts, 6 rate the stock a Strong Buy, 18 rate it a Buy, and 4 rate it a Hold, with no Sells.
The week brought a Navy fighter selection, an approved engineering labor contract, an FAA finding on a MAX software bug, and a large missile-seeker order. The shares gained 4.52% over the week but remain down 11.24% this year, while the S&P 500 is up 13.62%.
Boeing reports third-quarter results before the market opens on October 27, 2026, a date it confirmed on September 30, 2026. Until then, the market is pricing this news as promises that take years to become cash. I think that discount is partly earned.
Why a $20 Billion Fighter Award Pays Slowly On September 29, 2026, the Navy selected Boeing to build its next carrier-based fighter under a development contract worth about $20 billion. Winning a next-generation fighter usually brings decades of production, upgrade, and maintenance work.
One analyst firm cut its Northrop Grumman (NYSE:NOC) target to $525 from $640 after the award, evidence that the contract carries real economic weight. But the money covers development, and production revenue is years away. A protest by the losing bidder would likely move the calendar by months without changing the long-term economics, unless the award were reversed.
Ceilings, Obligations and Revenue Are Different Numbers On October 5, 2026, Lockheed Martin (NYSE:LMT) awarded Boeing a contract worth up to about $14.7 billion over seven years to raise Patriot interceptor seeker output toward 2,000 a year from about 600.
That figure is a ceiling, the most the customer can spend. Obligated value is money committed through actual orders, and revenue is what Boeing records as it ships seekers. Congress has not yet appropriated the funds, and ceilings are routinely underspent, so treat the headline figure as an upper bound.
Only the FAA Finding Touches What Drives the Stock Boeing’s valuation runs on commercial deliveries and free cash flow. Last quarter it delivered 171 airplanes and generated $631 million in free cash flow, and management guided to $1 billion to $3 billion for the year.
On October 2, 2026, an FAA review board found the MAX flight-computer bug is not a safety issue. The bug had threatened to delay certification of the stretched MAX, and because airlines pay most of a jet’s price at delivery, a certification slip leaves finished planes parked and cash unpaid.
The contract covering about 17,000 engineering and technical workers removes strike risk at a company whose troubles have come from execution. However, its immediate 10% raise adds cost to a commercial unit that posted a negative 2.7% operating margin last quarter.
Boeing Carries the Widest Gap Among Defense Peers Some defense peers have sold off too. Northrop trades at $476.11, down 16.5% this year, against a consensus target of $639.23 that implies about 34.3% upside, though that average may precede the post-award cut. Analysts split 4 Strong Buy, 10 Buy and 10 Hold.
Lockheed is up 6.66% this year at $506.54, with a $636.74 target implying about 25.7% upside. Its ratings tilt cautious, with 2 Strong Buy, 5 Buy, 13 Hold, and 1 Sell. Boeing shows the largest implied upside of the three, although targets carry no guarantee and its wider spread reflects heavier execution risk.
What Would Confirm or Break the Boeing Turnaround At this price, Boeing trades closer to its 52-week low of $176.77 than its high of $254.35. The bull case needs the 737 ramp toward 47 a month to hold, certification of the 737-7 and 737-10, and positive free cash flow every quarter, starting with management’s call for third-quarter cash in the low hundreds of millions.
It becomes a value trap if the October 27 report shows cash flow turning negative, if stretched-MAX certification slips again, or if fixed-price defense programs take more charges as last quarter’s $280 million VC-25B hit.
Northrop offers defense exposure without commercial-aircraft risk at about 15 times trailing earnings. Boeing’s gap to its consensus target is the widest of the three, and the October 27 report will show whether the turnaround clears it.
Contact [email protected] for any questions or corrections.
The Federal Aviation Administration said Friday that it has determined a new software glitch on some Boeing 737 Max aircraft isn't a flight-safety issue.
The determination paves the way to certification for the last model in the company's best-selling family of airplanes, the 737 Max 10, just as Boeing seeking to sell and deliver more aircraft after years of safety and manufacturing crises.
Boeing flagged the software issue, which could affect certain landing procedures, last month and the FAA on Monday said it was reviewing to determine if it poses a safety of flight issue.
"Following a thorough review, a panel of FAA safety experts on Friday determined a software issue in certain Boeing 737 MAX flight computers is not a safety concern," the FAA said. "The FAA's Corrective Action Review Board made that determination because pilots retain full control of the aircraft and the indications to the flight crew are clear and unambiguous."
Boeing said the issue could arise after a missed approach when pilots alter a preprogrammed flight path, and that pilots must take additional steps to use automated tools on subsequent approaches.
The FAA said on Friday that it will issue a special bulletin to airlines on how to recognize and respond to the issue if it arises.
The agency convened a review board on Friday to assess the issue. Participants included FAA experts on airframes, flight controls, propulsion, flight testing and others.
"As with any situation, the FAA will consider appropriate action if it receives new information about this issue," the agency said.
U.S. airlines said they're not affected by the issue since they could revert to older versions of the software, but the problem raised questions about certification of the Boeing 737 Max 10, which Boeing and airlines expected to come in early fall.
The Max 10 is the largest in the family of airplanes and would be the last of the Max lineup to win government certification to fly. The FAA approved the Max 7, the smallest in the Max family, in August.
Chief executives of 737 Max 10 customers, Alaska Airlines and Ryanair, earlier this week brushed off concerns about the aircraft's certification delays.
Read more CNBC airline newsBudget airline king Bill Franke warms to premium upgradesCompanies spurn airlines’ cheapest business class ticketsUnited’s next decision: What to do with all those Boeing 737 Max 10 seats it ordered years agoWhy flights are so expensive and will likely stay that waySouthwest Airlines put Texas jet fuel on a boat to LA for the first time amid supply worriesRecord heat, crowds drive offseason boom in international travel
Administrativní pracovníci Boeingu schválili novou čtyřletou smlouvu, čímž odvrátili hrozbu stávky. Dohoda přináší zaručené 10% zvýšení mezd po ratifikaci.
Boeing's (BA.N) largest white-collar union said on Thursday its members approved a sweetened contract offer, easing fears of a strike that could have stalled work on two long-delayed jetliners and slowed the pace of aircraft deliveries.
The Society of Professional Engineering Employees in Aerospace, which represents about 17,000 Boeing workers, said both its bargaining units voted to approve the new four-year offer.
The proposal included a guaranteed 10% wage increase upon ratification, along with annual raises of 4% and the possibility of an additional 2% hike based on performance.
About 68% of the professional unit, which represents roughly 13,000 engineers and scientists, voted in favor of the deal, as did over 53% of the technical unit, representing about 4,000 designers, analysts and technicians. The two units bargain together but vote separately.
The ratification provides much-needed relief for Boeing, easing concerns over a potential strike as early as October 7, the day after current contracts expire.
A work stoppage could have delayed critical certification efforts for the 737 MAX 10 narrowbody and 777X widebody, while also disrupting the company's plans to increase production and accelerate deliveries.
Members of both the professional and technical units had previously rejected Boeing's initial offer, which linked guaranteed raises to inflation, capped at 3%, with up to an additional 2.5% based on performance.
SPEEA's last strike against Boeing was in 2000, when engineers and technical workers walked out for 40 days in a dispute over pay and benefits.
The stoppage, which affected commercial-aircraft production and deliveries, was one of the largest white-collar strikes in US history.
Ethiopian Airlines objednala osm nákladních letounů 777-8 Freighter a dva 777 Freighter od Boeingu. Je to první africký zákazník nového 777-8 Freighteru.
Firm order includes eight 777-8 Freighters and two 777 Freighters First African carrier to purchase the world's newest widebody freighter, the 777-8 Freighter Ethiopian Airlines doubles its 777X family order book , /PRNewswire/ -- Boeing (NYSE: BA) and Ethiopian Airlines today announced the African carrier has ordered eight 777-8 Freighters and two 777 Freighters. The airline will pair the proven performance of the 777 Freighter with the next generation 777X capabilities of the new 777-8 Freighter to expand its Boeing freighter fleet.
Boeing and Ethiopian Airlines today announced the African carrier has ordered eight 777-8 Freighters and two 777 Freighters. The airline will pair the proven performance of the 777 Freighter with the next generation 777X capabilities of the new 777-8 Freighter to expand its Boeing freighter fleet.
Brad McMullen, Boeing Senior Vice President of Commercial Sales and Marketing, and Mesfin Tasew, Group CEO of Ethiopian Airlines, announced the African carrier has ordered eight 777-8 Freighters and two 777 Freighters. The order is Ethiopian Airlines' second for the 777X airplane family, building on its purchase of eight 777-9 passenger jets that established the carrier as Africa's first 777X customer. The 777-8 Freighter will be the world's largest and most capable twin-engine freighter, supporting Ethiopian Airlines' expanding global network and advancing its international freight operations.
"This agreement marks another significant milestone in strengthening Ethiopian Airlines' cargo capabilities while supporting the continued expansion of our global network," said Mesfin Tasew, Group CEO of Ethiopian Airlines. "The addition of the Boeing 777-8F Freighters and 777F Freighters will enhance our ability to serve customers around the world with greater payload capacity, operational flexibility, efficiency, and sustainability. As demand for cargo services continues to grow, these aircraft will play a vital role in facilitating global trade, strengthening supply chain connectivity, and further reinforcing Ethiopia's position as a leading cargo gateway between Africa and international markets. It also marks our long-term partnership with Boeing."
With a maximum structural payload of 118 tonnes, the 777-8F offers the highest payload and range capability to open new markets while reducing fuel use and delivering the lowest operating cost per tonne of any freighter. The 777F set the standard for twin-engine freighter efficiency and productivity, and Ethiopian Airlines' 777F fleet ranks among the most highly utilized commercial airplanes in service.
"Ethiopian Airlines' order for the industry-leading 777 Freighter and new 777-8 Freighter highlights both the strength of our partnership and growing demand for air cargo worldwide," said Brad McMullen, Boeing senior vice president of Commercial Sales and Marketing. "We appreciate Ethiopian Airlines' continued confidence in Boeing and the 777 and 777X family of airplanes as it expands its cargo capabilities and global network. The airline continues to make history as the first in Africa to order the new 777-8 Freighter."
The 777-8F will complement Ethiopian Airlines' freighter fleet, retaining the key features of the 777 Freighter that support efficient operations, high utilization and reliability, including common cross-sections and walkways, and easy carriage of large outsize cargo.
Ethiopian Airlines currently connects more than 70 cargo markets across Africa, Asia, Europe, the Middle East and North America with a fleet of:
12 777 Freighters Two 767 Freighters And four 737-800SF airplanes The new order will enable the airline to build on this network by providing greater flexibility to meet rising global demand for air cargo.
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.
Největší „white-collar“ odborová organizace Boeingu ve čtvrtek rozhodne o upravené smluvní nabídce; další odmítnutí by mohlo otevřít cestu ke stávce už 7. října. Ta by zastavila certifikaci 737 MAX 10 a 777-9.
Boeing's (BA.N) largest white-collar union will decide on Thursday whether its members accept a sweetened contract offer or move closer to a strike that would stall work on two long-delayed jetliners and slow jet deliveries.
A second rejection by the roughly 17,000 members of the Society of Professional Engineering Employees in Aerospace would clear the way for a walkout as soon as Oct. 7, the day after their current contracts expire. Members already authorized a strike in August.
A strike would abruptly halt Boeing's certification campaigns for the 737 MAX 10 and 777-9 and disrupt its push to boost jetliner deliveries. Both are critical to the crisis-battered planemaker's financial recovery.
"We're working very hard to try to avoid any kind of work stoppage," Boeing CEO Kelly Ortberg told a financial conference in mid-September, adding that a strike would financially hurt the company.
Members of SPEEA's two units overwhelmingly rejected Boeing's first offer in August. About 64% of the Professional Unit, representing roughly 13,000 engineers and scientists, voted no, as did about 72% of the Technical Unit, which has about 4,000 designers, analysts and technicians. Most members work in Washington, with smaller groups in Oregon, California and Utah. The two units bargain together but vote separately.
The revised offer, presented on Sept. 11, includes a 10% guaranteed raise on ratification and lifts annual guaranteed raises to a flat 4%, plus 2% performance increases possible. The previous offer tied guaranteed raises to inflation up to 3%, plus up to 2.5% more tied to performance. Over the four-year contract, the average SPEEA member would get a 32% raise, compared with 26.5% under the first offer, according to the union.
SPEEA negotiators pushed for bigger raises, saying members' pay had not kept up with the market and inflation.
SOME SIGNS OF SUPPORT GROWING
Unlike the first offer, Union councils for both units recommended that members accept the latest one. In August, the Technical Unit council urged a no vote, and the Professional Unit council fell short of the 60% supermajority needed to make any recommendation.
Several union members who voted no on the first offer told Reuters they have switched to supporting the second one.
"It is a good reset on wages and will allow us to push for non-economic priorities in 2030," such as safeguards against moving work to non-union regions, said a Boeing engineer who asked not to be named.
But opposition remains. Another SPEEA member in the Seattle area, where most members work, said the raises "might not be enough for what is coming" if inflation climbs and fuel prices stay high. He voted no.
"At the end of the day, the company is going to try to get as much as it can for as little as it can," he said.
Boeing získal kontrakt v hodnotě 20 miliard USD na vývoj stíhačky F/A-XX pro americké námořnictvo. Akcie Boeing v prodlouženém obchodování v úterý vzrostly o 2,25 %.
Boeing (BA.N) has been selected to build the US Navy's next-generation stealth fighter, the Pentagon said on Tuesday, the aerospace company's second consecutive major win on fighter jets and capping months of delay over a program that is central to countering China in the Pacific.
Boeing beat out rival Northrop Grumman Corp (NOC.N) for the development contract, worth $20 billion, to produce test aircraft. The program could grow to hundreds of billions over its lifetime as production ramps up and, potentially, as international customers place orders.
Boeing was also selected in March last year to build the Air Force's new stealthy F-47 fighter, giving it two marquee sixth-generation jet contracts in consecutive years.
Boeing was viewed as a strong contender throughout the competition because of its long history building carrier-based fighters for the Navy, including the F/A-18E/F Super Hornet that the new fighter is designed to replace. That pedigree helped offset questions raised by defense officials about whether Boeing could field enough engineers and suppliers to execute both the F-47 and Navy fighter simultaneously — concerns that appear to have been resolved in the company's favor.
Boeing shares were up 2.25% in extended trading on Tuesday, while Northrop shares were down 3.5%.
ST. LOUIS PRODUCTION BOOST
The contract is a significant boost for Boeing's fighter production operations in St. Louis, Missouri, which is shutting down the F/A-18E/F Super Hornet and EA-18G Growler production lines.
Steve Parker, president and chief executive officer of Boeing Defense, Space & Security, said in a statement the company has made investments "in new facilities uniquely suited to build multiple products with next-generation capabilities, our dedicated and talented team is ready to execute this critical program."
Currently designated the "F/A-XX" program, the new jet will be the centerpiece of the Navy's Next Generation Air Dominance family of systems.
The jet "represents a crucial, non-negotiable investment in America’s national security and long-term air combat capabilities," Michael Duffey, the Pentagon's chief weapons buyer, said in a statement.
DELAYS AND CONGRESSIONAL INTERVENTION
Still, it has been buffeted by delays and funding disputes for years. Some Pentagon officials had sought to delay it by up to three years, citing engineering and supply-chain capacity concerns, before Congress intervened, earmarking $750 million for the program in the 2025 tax-cut and spending law and an additional $1.4 billion in fiscal 2026.
Lockheed Martin Corp (LMT.N) was eliminated from the competition in March 2025 after Navy officials determined its design had not met required criteria, leaving Boeing and Northrop as the finalists.
With China rapidly fielding advanced combat aircraft, including designs Beijing describes as sixth-generation, the Navy has faced pressure to move quickly or risk operating without a modern carrier-based fighter in the 2030s and beyond.
The new jet is expected to feature advanced stealth capabilities, improved range and endurance, and the ability to integrate with uncrewed combat aircraft and the Navy's carrier-based air defense systems.
The Navy still plans to buy more than 270 Lockheed Martin F-35C jets for its carrier fleet, which will fly alongside the F/A-XX once it enters service. First production F/A-XX jets are expected in the 2030s, while the Super Hornet fleet, in service since the 1990s, is expected to remain flying into the 2040s.
Boeing Co (NYSE:BA, XETRA:BCO) shares rose 2.2% on Tuesday, recovering some of Monday's roughly 6% drop, as UBS said the recent selloff has left the stock pricing in near-term setbacks while assigning little value to the company's normalized earnings power.
The bank reiterated its Buy rating and said it continues to expect $20 billion in free cash flow in 2030.
Boeing has lost more than 20% of its value, or nearly $40 billion in market capitalization, since the MAX-7 certification in August. UBS said the decline reflects a high probability of a material hit to cash flow, while the company's normalized earnings potential remains unchanged.
The latest setback is an FAA delay to MAX 10 certification of unknown duration, tied to a software review. That follows later-than-hoped timeline milestones and comes as a union vote is under way that could lead to a strike in October if no deal is reached.
UBS views the first two issues as risks to the timing of cash flow growth. The strike is a bigger concern because it would add cash burn and balance sheet risk by affecting 777X certification.
UBS said the MAX 10 software issue looks manageable. It causes automated vertical navigation guidance to disengage after a missed approach and subsequent landing scenario. Boeing has known about it for years and twice concluded it is not a safety risk.
The matter now goes to an FAA review board, which could take weeks to months, though UBS sees weeks as more likely.
At $184 a share, UBS said the market is pricing in just $7.7 billion of free cash flow, overlooking Boeing's operational progress.
UBS models $15.15 per share in free cash flow in 2028, which puts the shares at 12 times that figure, versus 29 times for the S&P 500.
As near-term risks clear, it expects the focus to shift to long-term cash flow upside, backed by a near decade-long backlog.
FAA odkládá certifikaci Boeingu 737 Max 10 kvůli softwarové chybě a prověřuje, zda nejde o bezpečnostní problém. Akcie Boeingu v pondělí klesly téměř o 7 %.
The head of the Federal Aviation Administration said a software problem will delay its certification of the Boeing 737 Max 10 as the agency assesses whether it poses a safety issue, a potential setback for the manufacturer as it seeks to complete government approval of its best-selling family of aircraft.
Boeing had expected to receive a green light from its regulator on the years-delayed planes "very soon," CEO Kelly Ortberg told investors earlier this month. But Boeing said Saturday that last month it flagged a software glitch on some 737 Max aircraft that could affect certain landing procedures.
"We haven't concluded whether this is a safety-of-flight issue or not, but we will be delaying the 10 ... until we're satisfied that we don't have an issue here," FAA Administrator Bryan Bedford said at a press conference on air traffic modernization in Washington, D.C., on Monday.
The FAA said in a statement that "safety dictates the certification timeline." It added that the agency was "following our safety review process to investigate this software glitch and won't hesitate to take action if needed."
Boeing shares extended earlier losses after Bedford's comments, shedding nearly 7% Monday, as investors assessed another delay after years of setbacks for the aircraft.
"We continue to follow the lead of the FAA as we work through the certification process," Boeing said in a statement.
Boeing said over the weekend that the issue could occur with a vertical navigation system after an aircraft misses an approach and has to go around and line up to land again, such as in situations when there is an obstruction on the runway, for example. Both the company and Bedford said pilots are trained for those circumstances.
"The pilots remain in control of the airliner, train for these scenarios," Bedford said Monday. "The issue that we're looking at right now is the workload component."
The FAA certified the Max 7, the smallest of the family, last month. Those planes have the most updated version of the software, which the FAA is evaluating. It isn't clear how that could affect deliveries of those planes to customers like Southwest Airlines.
U.S. airlines said they don't have any Max aircraft with the issue, in part because they are allowed to revert to older software on those models, if needed, not the newer version that has the potential issue.
Bedford said Boeing had fixed a previous bug in the system but "unexpectedly ... introduced a new bug."
Boeing has been trying to move on from years of safety crises, including two crashes of the Max 8 in 2018 and 2019. A flight control system was implicated in those crashes.
Bedford added on Monday that unlike that system, this "doesn't take control away from the pilots."
The company had originally planned to start delivering the Max 10 in 2020 before those safety concerns and other problems delayed the plane. It is the last of the Max family waiting to be certified.
Read more CNBC airline newsBudget airline king Bill Franke warms to premium upgradesCompanies spurn airlines’ cheapest business class ticketsUnited’s next decision: What to do with all those Boeing 737 Max 10 seats it ordered years agoWhy flights are so expensive and will likely stay that waySouthwest Airlines put Texas jet fuel on a boat to LA for the first time amid supply worriesRecord heat, crowds drive offseason boom in international travel
FTAI Aviation získala od WestJet 27 letadel Boeing 737-700, jednu z největších transakcí ve své historii. Z toho 17 letadel získala v rámci sale-leasebacku a 10 letadel po skončení leasingu podpoří Aerospace Products.
Transaction Includes Sale-Leaseback of 17 Aircraft with Strategic Capital’s Second Investment Vehicle and Acquisition of 10 Off-Lease Aircraft to Support FTAI’s Aerospace Products Business | Source: FTAI Aviation Ltd.
NEW YORK, Sept. 28, 2026 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ: FTAI; the “Company” or “FTAI”) today announced the acquisition of 27 Boeing 737-700 aircraft from WestJet. The acquisition marks one of FTAI’s largest aircraft transactions to date.
Under the transaction, FTAI’s 2026 SPV, the second investment vehicle of the Company’s Strategic Capital business, acquired 17 Boeing 737-700 aircraft on lease to WestJet in a sale-leaseback, and FTAI acquired 10 off-lease Boeing 737-700 aircraft to support its Aerospace Products business.
The 2026 SPV was formed to acquire on-lease, mid-life 737NG and A320ceo aircraft and follows the 2025 SPV, FTAI’s inaugural Strategic Capital vehicle, which raised $2.0 billion of equity commitments and has committed approximately $6.0 billion of total capital across more than 300 aircraft. This transaction highlights FTAI’s position as a differentiated buyer of mid-life narrowbody aircraft, combining aircraft ownership through its Strategic Capital vehicles with its leading engine maintenance capabilities.
The 10 off-lease aircraft will support FTAI’s Aerospace Products business by expanding the Company’s supply of CFM56-7B engines and modules available to its Maintenance, Repair and Exchange customers.
"We are pleased to expand our relationship with WestJet through this transaction," said David Moreno, President at FTAI. "It demonstrates how our Strategic Capital and Aerospace Products businesses work together to offer airlines comprehensive fleet solutions, from sale-leaseback capital for in-service aircraft to a flexible exit for aircraft transitioning out of the fleet. For Aerospace Products, the retiring aircraft will add CFM56-7B engines and modules to the exchange pool to support our customers’ maintenance requirements."
"This 27-aircraft transaction is a strategic milestone that officially marks the start of our retirement of our 737-700 fleet. We're pleased to partner with FTAI Aviation Ltd. to make this happen, and we look forward to building on this relationship for future opportunities," said Mike Scott, WestJet Group Executive Vice-President and Chief Financial Officer.
McGuireWoods served as counsel to FTAI and BD&P served as counsel to WestJet in connection with the transaction.
Certain statements in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, the expected benefits of the transaction, the 2026 SPV’s acquisition plans and deployment of capital, the Company’s ability to perform engine maintenance for the leased aircraft, and the expected contribution of the acquired aircraft and engines to the Company’s Aerospace Products business. These statements are based on management’s current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, many of which are beyond the Company’s control. The Company can give no assurance that its expectations will be attained and such differences may be material. Accordingly, you should not place undue reliance on any forward-looking statements contained in this press release. For a discussion of some of the risks and important factors that could affect such forward-looking statements, see the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which are available on the Company’s website (www.ftaiaviation.com). In addition, new risks and uncertainties emerge from time to time, and it is not possible for the Company to predict or assess the impact of every factor that may cause its actual results to differ from those contained in any forward-looking statements. Such forward-looking statements speak only as of the date of this press release. The Company expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with regard thereto or change in events, conditions, or circumstances on which any statement is based. This release shall not constitute an offer to sell or the solicitation of an offer to buy any securities. Nothing on the Company’s website is included or incorporated by reference herein.
About FTAI
FTAI combines advanced turbine technology and asset ownership to power the world’s most essential markets. Additional information is available at https://www.ftaiaviation.com.
For further information, please contact:
FTAI:
Charlie Arestia
Investor Relations
(646) 276-4418 [email protected]
Media:
Tim Lynch / Kelly Sullivan
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449
Boeing said it flagged a software glitch last month on some 737 Max aircraft that could affect certain landing procedures, as the manufacturer seeks federal approval for the fourth and final model in its best-selling aircraft family.
The Federal Aviation Administration said Saturday that it is assessing the problem and "will take immediate action if it identifies a safety concern" and that it will review Boeing's proposed fix.
Boeing said the issue could arise after a missed approach when pilots alter a preprogrammed flight path, and that pilots must take additional steps to use automated tools on subsequent approaches.
"We shared information with operators that reinforced existing pilot procedures for safely handling such cases. Our engineers are working on a software update to permanently address the issue," Boeing said. The Wall Street Journal reported the issue earlier.
The company said that pilots are trained to land without the automated system. "We are working directly with airlines to formalize a procedure that will allow pilots to reenable automated vertical navigation should this situation occur," Boeing said.
U.S. airlines told CNBC that they do not have Max 8 and Max 9 airplanes with the updated software tied to the glitch in their fleets. Airlines can revert some Maxes to the older software version.
All-Boeing 737 Max carrier Southwest Airlines said it is "aware of the issue and is engaged with Boeing and the FAA."
It added that "none of our fleet is equipped with Version U.14, including new deliveries of Max 8 airplanes." United Airlines also said it's not taking any Max aircraft deliveries with the new software.
However, questions remain about the two other models, the Max 7 and Max 10. The Federal Aviation Administration certified the Max 7, the smallest of the Max family, in early August with the newest software installed. It wasn't immediately clear if the aircraft could be delivered or fly with an older version of software.
Additionally, Boeing CEO Kelly Ortberg told investors earlier this month that he expected FAA certification of the Max 10 "very soon."
"We have been engaged with Boeing and the FAA and will continue to work closely with both as they evaluate this matter and determine next steps," Alaska Airlines, a Max 10 customer, said Saturday.
The issue comes after years of delays of Boeing's Max planes following safety and manufacturing crises, including the two deadly crashes of Max 8 aircraft in 2018 and 2019 that killed 346 people. A flawed flight control software system — which has since been updated — was implicated in both crashes.
There are 2,430 Max aircraft currently in service globally, according to Cirium.
Read more CNBC airline newsBudget airline king Bill Franke warms to premium upgradesCompanies spurn airlines’ cheapest business class ticketsUnited’s next decision: What to do with all those Boeing 737 Max 10 seats it ordered years agoWhy flights are so expensive and will likely stay that waySouthwest Airlines put Texas jet fuel on a boat to LA for the first time amid supply worriesRecord heat, crowds drive offseason boom in international travel
Před summitem USA–Čína slábnou naděje na novou objednávku od Boeingu v Číně; firma se místo toho snaží dotáhnout květnový obchod na 200 letadel. Některé detaily mohou být oznámeny, pokud se stihnou smlouvy finalizovat.
Hopes for a new China commitment to buy Boeing (BA.N) planes are sinking ahead of a Thursday summit between the US and Chinese presidents, two people briefed on the matter said on Wednesday, with negotiations still in flux.
The planemaker instead is trying to finalize a May deal for China to buy 200 planes, rather than earlier hopes of securing new commitments for hundreds more jets, the people said on condition of anonymity because the talks are private.
The provisional deal struck in tandem with US President Donald Trump's last summit with Chinese counterpart Xi Jinping in Beijing put Boeing back into competition for Chinese jetliner orders.
The US planemaker had been effectively shut out since 2017, while European rival Airbus (AIR.PA) had continued to expand its market share in one of the world's biggest aviation markets.
China is expected to order around 9,000 new jets by 2045, more than any other region, according to Airbus and Boeing market forecasts.
The two Trump-Xi summits this year were expected to catalyze a new round of Boeing purchases. Ahead of the spring summit, Boeing, Chinese and US officials were discussing a deal for as many as 500 jets.
After the May summit, Boeing CEO Kelly Ortberg said the smaller-than-expected 200-jet deal was an "initial tranche" of orders and that reopening the China market was the real win.
Investors and aviation analysts had expected another large order to follow at Thursday's summit, but Ortberg last week played down that prospect.
"It will be a victory if the 200 airplane order can be saved," said Richard Aboulafia, managing director of aerospace consulting firm AeroDynamic Advisory.
Scott Kennedy, a China specialist at the Center for Strategic and International Studies, said brokering new jetliner deals was not a top priority at this summit.
US and Chinese officials are more focused on extending a trade truce and discussing AI safeguards, weapons sales to Taiwan and trade deals on soybean and rare earth mineral exports, he said.
"A lot of trade relationships are hostage to these meetings," Kennedy said. "New aircraft orders would be a benefit but I don't think that's a necessity for this summit."
Boeing declined to comment beyond Ortberg's remarks last week. China's commerce ministry and its embassy in Washington did not respond to requests for comment. The US Trade Representative's Office did not respond to a request for comment.
The US and China have agreed to extend by two months a trade truce that was due to expire on November 10, allowing more time to work on a potentially bigger trade deal, US Treasury Secretary Scott Bessent said on Wednesday.
LOSS OF INFLUENCE
Airbus has made more inroads in China than Boeing in recent years in part because it has a final assembly line in Tianjin and China-Europe relations have been "more benign" than those between China and the US, said Shukor Yusof, founder of Singapore-based aviation consultancy Endau Analytics.
"Boeing has lost much of its influence in our region, partly due to politics, but mostly because of its own internal issues," he said.
There are still some hopes for progress between Boeing and China, particularly on the 200-jet deal announced in May.
US Trade Representative Jamieson Greer told Fox News on Monday that "there are about 140 (jetliner orders) that are in a good state," with another 10 orders being finalized.
One of the people briefed on the matter said final details for part of the May deal could be announced during the summit if contracts can be finalized, despite the challenges.
Before it was signed, there had been concerns from China over whether it would receive guaranteed access to spare parts, following earlier threats from Trump. China's commerce ministry said in May the US had provided supply guarantees for aircraft engine parts and components under the Boeing deal.
Biman Bangladesh Airlines objednala od společnosti Boeing 11 letadel 787 Dreamliner a 737 MAX, konkrétně 5 letadel 787-10 a 6 letadel 737-8, aby rozšířila a obnovila svou flotilu. Celkový počet objednaných strojů tak letos vzrostl na 25.
Airline's second purchase this year grows its order book to 25 787 Dreamliner and 737 MAX jets Bangladeshi flag carrier advancing fleet modernization and international growth strategy , /PRNewswire/ -- Boeing [NYSE: BA] and Biman Bangladesh Airlines announced today the national carrier placed an order for 11 787 Dreamliner and 737 MAX airplanes to grow and renew its fleet. The purchase, which includes five 787-10 and six 737-8 jets, builds on the airline's largest‑ever order for 14 787 Dreamliner and 737 MAX airplanes earlier this year.
Government leaders celebrated the signing by Boeing and Biman on the sidelines of the United Nations General Assembly, including:
Boeing and Biman Bangladesh Airlines announced today the national carrier placed an order for 11 787 Dreamliner and 737 MAX airplanes to grow and renew its fleet.
Boeing and Biman Bangladesh leaders today announced the airline ordered 11 more Boeing airplanes. Front, from left: Brad McMullen, Boeing senior vice president of Commercial Sales and Marketing, and Rumee A. Hossain, chairman of Biman Bangladesh Airlines. Back row, from left: William Kimmitt, Under Secretary of Commerce for International Trade; Brendan Nelson, Boeing Global senior vice president; Howard Lutnick, U.S. Secretary of Commerce; Stephanie Pope, Boeing Commercial Airplanes president and CEO; Rashiduzzaman Millat, Bangladesh Minister of Civil Aviation and Tourism; S. Paul Kapur, Assistant Secretary of State for South and Central Asian Affairs; Chowdhury Ashik Mahmud Bin Harun, chairman of Invest Bangladesh Authority; Kaanthi Bhuvanagiri, Boeing sales director for India and South Asia; Paul Righi, Boeing vice president of Commercial Sales and Marketing for Eurasia, India and South Asia. Bangladesh Minister of Civil Aviation and Tourism M. Rashiduzzaman Millat State Minister of Foreign Affairs Humaiun Kobir Invest Bangladesh Authority Chairman Chowdhury Ashik Mahmud Bin Harun Advisor to the Prime Minister Madhi Amin U.S. Secretary of Commerce Howard Lutnick U.S. Deputy Secretary of State Christopher Landau "Today's supplemental agreement is an important step in Biman's ongoing fleet renewal and network expansion. This order responds to specific requirements in our fleet plan. Our team's working relationship with Boeing over the years has given us confidence in the delivery and support arrangements," said Mr. Rumee A Hossain, chairman of Biman Bangladesh Airlines. "As the national flag carrier, we remain committed to developing Biman's network and capabilities in a manner that responds to the connectivity needs of the people of Bangladesh, our expatriate community, business and tourism. This agreement is one part of a broader, carefully considered plan to strengthen the country's international connectivity in the years ahead."
Biman currently operates 787, 777 and 737 Next‑Generation airplanes across its international network, connecting Bangladesh with major hubs in the Middle East, South and Southeast Asia, and Europe. The 787 Dreamliner and 737 MAX families deliver 20-25% more fuel efficiency compared to the airplanes they replace, supporting the airline's strategy to modernize its fleet and expand global connectivity.
"Biman's follow-on order reflects its strategic approach to fleet renewal and capacity growth, and underscores the strength of our long-standing partnership," said Brad McMullen, Boeing senior vice president of Commercial Sales and Marketing. "These additional 787 Dreamliner and 737 MAX airplanes will deliver the efficiency, versatility and reliability Biman needs to support Bangladesh's growing role in global aviation."
The addition of the 737‑8 and 787‑10 strengthens Biman's established Boeing fleet, ensuring seamless commonality across operations. The 737‑8 brings greater range to the airline's single‑aisle network, while the 787‑10 adds higher capacity to complement Biman's 787‑9 and 787‑8 airplanes.
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.
Contact
Siddhant Chauhan
Boeing India and South Asia Communications
[email protected]
Boeing stock ticked up after the company and the employees' union took a significant step in resolving their ongoing contract negotiations. On Wednesday, the union that represents Boeing's engineers and technical staff recommended that members accept the company's current contract offer, according to a statement.
Boeing (BA) stock was up 2% on Wednesday, according to MarketSurge.
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Boeing Stock Straps In For A Bumpy Ride As Confidence Crises Roil Planemaker
Boeing is undergoing a crisis of confidence in its 737 MAX series of planes after a door plug blew off during an Alaska Airlines flight. IBD explains the planemaker's decision to design and develop the MAX.
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Boeing Union Contract
The Bargaining Unit Councils for the Society of Professional Engineering Employees in Aerospace (SPEEA) advised members to accept the agreement reached with Boeing earlier this month. The offer "meets most of the needs of the members," read statements from SPEEA's Professional and Technical bargaining units.
The current contract includes a 10% guaranteed wage increase that would go into effect on Oct. 2, followed by another 4% increase in March 2027. In subsequent contract years from 2028 to 2030, union members would be eligible for a 6% wage pool that would guarantee at least a 4% raise for all employees.
The union also negotiated an additional three days of paid time off and an increase in Boeing's automatic 401(k) contributions for roughly 7,000 employees.
Boeing and the union, which includes about 17,000 employees, began contract negotiations in late June. In August, the union rejected Boeing's offer at the time, going as far as to authorize a strike if the two parties didn't reach an agreement by October. Union members rejected the earlier proposal despite the bargaining committee's approval of the deal.
Boeing Stock
Boeing stock has been heavily tied to its ability to ramp up jet production ever since regulators imposed a cap on the number of planes it could make each month. The restrictions followed a series of high-profile and, in some cases, fatal accidents.
Investors are banking on the fact that once production increases, Boeing's free cash flows will turn positive. That view took a hit last week when CEO Kelly Ortberg told investors it would take Boeing "a little bit longer" to increase production of 737 Max jets.
The stock tumbled as much as 6% in the day following Ortberg's comments. BA stock is down about 7% this year, according to MarketSurge.
Boeing currently makes 47 units of its 737 jet each month, with eventual plans to reach 52 jets a month. It has also repeatedly delayed progress on its new 737-10 and 777X models.
"The company likely needs to get through near-term milestones, such as 777X flight test completion, before it can provide more details on when the (free cash flow) target will be achieved," wrote BNP Paribas senior analyst Matthew Akers on Wednesday.
Boeing's long-term target is to have $10 billion in free cash flow. The company's 2026 guidance is for free cash flow of between $1 billion and $3 billion.
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Boeing a Turkish Airlines uzavřely objednávku až na 150 letadel 737 MAX, z toho 100 pevných a 50 opcí. Jde o největší jednoplošnou objednávku Turkish Airlines u Boeingu.
Airline's largest Boeing single-aisle order follows record 787 Dreamliner purchase 737 MAX will strengthen Turkish Airlines' short- and medium-haul network , /PRNewswire/ -- Boeing [NYSE: BA] and Turkish Airlines today announced an order for up to 150 737 MAX airplanes, concluding the discussions initiated in 2025 and supporting the flag carrier's expansion goals.
The agreement for the 737 MAX order was finalized in the presence of His Excellency Recep Tayyip Erdoğan, president of the Republic of Türkiye.
Boeing and Turkish Airlines Finalize Order for up to 150 737 MAX Jets.
Prof Murat Şeker, Turkish Airlines chairman of the board and the executive committee; His Excellency Recep Tayyip Erdoğan, president of the Republic of Türkiye; and Stephanie Pope, president and CEO of Boeing Commercial Airplanes, mark the signing of Turkish Airlines' order for up to 150 737 MAX airplanes. Turkish Airlines purchased 100 737-8 airplanes and secured options for 50 more 737 MAX jets, making this the airline's largest Boeing single-aisle order. The agreement includes substitution rights for the 737-10, the largest 737 MAX variant, so Turkish Airlines can comfortably serve more passengers on more routes to meet growing demand.
"This agreement marks another significant step in the continued expansion of our fleet. The new Boeing 737 MAX aircraft will bring greater efficiency and flexibility to our operations, supporting the extensive network we serve from our hub in Istanbul," said Prof Murat Şeker, Turkish Airlines chairman of the board and the executive committee. "We are pleased to build on our longstanding cooperation with Boeing through an agreement that also supports Türkiye's aviation ecosystem."
Turkish Airlines (including AJet) operates a fleet of more than 200 Boeing airplanes, including the 737 MAX, 787 Dreamliner, 777, 737 Next-Generation and 777 Freighter. By adding more 737-8 jets to its fleet, the airline will leverage the airplane's range, payload flexibility and fuel efficiency to serve high-demand domestic and international routes.
"This order reflects the trust and shared vision that have defined our long-standing partnership with Turkish Airlines," said Stephanie Pope, president and CEO of Boeing Commercial Airplanes. "We're proud to continue our support of Türkiye's aviation ecosystem and Turkish Airlines as it grows its Istanbul-based network, connecting more people and destinations worldwide."
The 737 MAX family reduces fuel use and emissions by 20% compared to the airplanes they replace, enabling lower operating costs and supporting the airline's growth strategy to meet rising travel demand.
Turkish Airlines' 737 MAX purchase builds on its 2025 order for up to 75 787 Dreamliners as part of the global carrier's investment in fleet and network expansion. The agreement is also accompanied by industrial participation, under which Boeing continues its commitment and support of the Turkish aviation ecosystem.
About Turkish Airlines
Established in 1933 with a fleet of five aircraft, Star Alliance member Turkish Airlines has a fleet of 567 (passenger and cargo) aircraft flying to 358 worldwide destinations as 305 international and 53 domestics in 133 countries. More information about Turkish Airlines can be found on its official website www.turkishairlines.com or its social media accounts on Facebook, X, YouTube, LinkedIn and Instagram.
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.
Boeingova Insitu a Gogo úspěšně otestovaly vojenský dron s družicovou komunikací, která má nabídnout vysokorychlostní globální internet přes Eutelsat OneWeb. Systém je ITAR-free a má usnadnit export k zahraničním zákazníkům.
Boeing's drone subsidiary Insitu and aviation Wi-Fi provider Gogo have successfully tested a military drone using satellite communications, the companies said on Tuesday, underscoring growing efforts by governments and defense firms to reduce reliance on Elon Musk's Starlink.
Gogo Special Missions, the military and government arm of Gogo (GOGO.O), and Insitu (BA.N) integrated a modified version of Gogo's Galileo HDX antenna onto Insitu's Integrator drone, a mid-sized uncrewed aircraft used by military customers for surveillance and reconnaissance missions.
Drone warfare has become central to military strategy following its widespread use in Russia's war in Ukraine and conflicts across the Middle East. As militaries seek to operate drones at longer ranges, withstand jamming attacks and carry out increasingly complex missions, they are turning to satellite networks such as Starlink rather than relying on line-of-sight radio links.
Gogo and Insitu said their system would provide the Integrator drone with high-speed global internet through Eutelsat OneWeb's (ETL.PA) low-Earth-orbit satellite network and would not be subject to US International Traffic in Arms Regulations (ITAR), easing exports to international customers.
"Adding an ITAR-free, high-speed SATCOM option is an essential capability for our global customers," John Kelly, Insitu's vice president of growth, said in a statement, adding that the technology would extend command-and-control range and allow faster transmission of sensor data from the battlefield.
Gogo and Insitu did not disclose a timeline for deploying the system.
Providing military users with Starlink and Starshield, SpaceX's secure government-focused satellite communications service, has become an important source of revenue for Musk's company. But European governments and some in the Pentagon have voiced concerns about an over-reliance on Starlink, whose constellation of thousands of satellites dwarfs those of its rivals.
Boeing získal prodloužení kontraktu na podporu Super Hornetů v Kuvajtu za 11,8 milionu USD do března 2027. Zakázka zahrnuje logistiku, údržbu, podporu motorů i přeletové služby.
Key Takeaways Boeing secured an $11.8 million Kuwait Super Hornet support contract extension through March 2027.The deal covers pilot, maintenance, logistics, engine support and ferry services for Kuwait's aircraft.International Super Hornet demand could support Boeing's aircraft, sustainment and defense services growth. The Boeing Company (BA - Free Report) is benefiting from continued international demand for its military aircraft and related support services. The company recently received an $11.8 million contract modification to provide logistics, management and maintenance support for Kuwait’s F/A-18E/F Super Hornet aircraft before their ferry to Kuwait.
The six-month extension covers a broad range of services, including aircraft pilot and maintenance support, equipment logistics, engine support and ferry services. The work is expected to be completed by March 2027, with funding provided through the Foreign Military Sales program.
The award highlights the long-term support opportunities associated with Boeing’s military aircraft portfolio. In addition to supplying aircraft, the company generates revenues through logistics, maintenance, training and other lifecycle services, allowing it to support customers throughout the operational life of its platforms.
Kuwait’s continued investment in the Super Hornet reflects sustained international demand for advanced combat aircraft and related support capabilities. Boeing has previously received contracts to provide logistics, maintenance and support services for Kuwait’s F/A-18 aircraft, highlighting the company’s ongoing relationship with the country. As the United States and its allies strengthen their defense capabilities, Boeing could benefit from additional aircraft orders, sustainment requirements and lifecycle support opportunities.
With an established global customer base and a broad portfolio of military aircraft and support solutions, Boeing is well-positioned to capture opportunities from international defense programs. Continued demand for the Super Hornet and related services should provide additional support to its defense business in the coming years.
Defense Stocks to Keep on the RadarOther companies benefiting from demand for advanced military aircraft are discussed below:
Northrop Grumman (NOC - Free Report) : Northrop Grumman develops advanced manned and unmanned aircraft, including the E-2D Advanced Hawkeye, and provides mission systems and sustainment services for U.S. and allied customers.
Lockheed Martin (LMT - Free Report) : Lockheed Martin produces advanced combat aircraft, including the F-35, F-16 and F-22. Growing international demand for its fighter aircraft and related sustainment services supports its defense business.
The Zacks Rundown for BAShares of Boeing have lost 4.4% in the past month compared with the Zacks aerospace-defense industry’s decline of 7.4%.
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From a valuation standpoint, BA is currently trading at a forward 12-month sales multiple of 1.46X, a discount when stacked up with the industry average of 2.25X.
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The Zacks Consensus Estimate for BA’s 2026 and 2027 earnings has moved south over the past 60 days.
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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.
Čína podle amerického obchodního zástupce pokročila v dokončování objednávky 200 letadel Boeing oznámené v květnu. Greer ale neřekl, že jsou blízko další čínské objednávky.
China is making progress on a commitment to buy 200 Boeing (BA.N) jets it announced in May, U.S. Trade Representative Jamieson Greer said on Monday.
Greer gave no indication that any additional Chinese airplane orders for Boeing are near ahead of President Donald Trump's meeting this week with Chinese President Xi Jinping.
"There are about 140 that are in a good state. There are an additional 10 that are they're writing down the orders," Greer told Fox News of the Boeing orders for Chinese carriers.
The orders marked Boeing's first major Chinese deal in nearly a decade.
In May, Trump said China could potentially boost its Boeing order to as many as 750 planes.
Boeing CEO Kelly Ortberg last week played down some expectations among industry analysts that China could make another Boeing order around the Trump-Xi talks.
"I think there’ll be an increment of orders going forward," Ortberg said at an investor conference. "They’re going to be announced by the airlines at their pace, however they want to announce those."
Ortberg said in May that the 200 airplane order commitment by China was only an "initial tranche" of a potentially far bigger deal.
Boeing získal zakázku od Pentagonu za 552 milionů USD na tři bezpilotní letouny MQ-25A Stingray pro námořnictvo. Z částky vyplývá cena nejvýše 184 milionů USD za kus, méně než dřívější odhad.
It's been nearly a decade since Boeing (BA +0.61%) won the Navy's competition to design a new drone that can launch from (and land back on) an aircraft carrier. The drone in question, the MQ-25A Stingray, isn't a fighter jet -- it actually carries no weapons at all. Instead, it's a drone refueling tanker, designed to keep piloted fighter jets gassed up so they can reach targets at greater distances.
Eight years after that award came down, Boeing finally completed its first test flight from a U.S. carrier earlier this year, launching, refueling its fighters, and landing back on deck. And yes, eight years seems like a long time to develop a weapons system, but it's not all bad news for Boeing.
And not all bad news for the U.S. Navy, either.
Image source: U.S. Navy.
Boeing's big Navy win Boeing began its Stingray odyssey with an $805 million development contract awarded in 2018. The U.S. Government Accountability Office initially estimated the total program cost at $15.8 billion to build 76 refueling drones -- about $207 million each. More recently, it tweaked these figures to anticipate a total cost of $15.9 billion -- $209 million per Stingray drone.
And now here's where the news gets good.
On Monday, the Defense Department's daily digest of contract awards revealed that Boeing has been awarded a $552 million fixed-price contract to deliver three "Lot One" MQ-25A Stingray drones to the Navy. The funds will also pay for "advance acquisition of long-lead components for three low-rate initial production Lot Two aircraft for the Navy."
These are significant numbers.
The $552 million figure implies that, at most, the Navy will pay $184 million per Stingray -- much less than the initial estimate of $207 million. What's more, if even just some of the $552 million is used not to buy these first few aircraft, but to buy parts for the next three, then this further implies that the cost of the first three is less than $184 million per plane.
Translation: Boeing may not be coming in "on time and on budget" with its Stingray contract. Initial operating capability isn't expected before 2029. With the entire contract not due for completion before 2031, Boeing is actually several years late on delivery. That said, the Navy can hardly complain about the cost.
Because it looks as if Boeing will deliver its drones for more than a 10% discount from the advertised price!
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What this means for Boeing For Boeing, this is a case of bad news, good news.
Bad news: The Navy isn't paying quite as much per Stingray drone as Boeing expected. But good news: If Boeing can produce the Stingray for a price lower than it budgeted for, the Navy may decide it can buy even more of the drones. For that matter, developing a reputation as one of the rare defense contractors that can deliver a product under budget wouldn't be the worst thing that could happen to Boeing! It could actually help the company win more contracts.
And more contracts, run through a defense business that's profitable again, means more profit for Boeing -- even at lower prices.
Korean Air objednal u Boeingu letouny 737 MAX, 787-10 a 777X za 36,2 miliardy USD. Dodávky mají začít na počátku 30. let, takže na výsledky to zatím nebude mít vliv.
Korean Air just signed a $36.2 billion Boeing commitment stretching well into the next decade, but a record backlog and blockbuster headline numbers tell only part of the story for a manufacturer still racing to prove it can actually deliver.
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Boeing (NYSE:BA | BA Price Prediction) confirmed a firm Korean Air order for the stretched 737 MAX, 787-10, and 777X in passenger and freighter variants, valued at $36.2 billion. Deliveries begin in the early 2030s.
These aircraft were previously logged as unidentified orders from a commitment announced last summer, so this is existing backlog getting a customer name rather than fresh demand.
Boeing’s commercial backlog already exceeds 6,200 aircraft valued at a record $597 billion, within a total company backlog of $715 billion. The stock is down 11.66% over the past month and 9.24% year to date, sliding after CEO Kelly Ortberg conceded this week that stabilizing 737 MAX output is taking longer than expected.
When the Cash Actually Moves Order deposits and progress payments trickle in during the build cycle, with the largest chunk landing at delivery. That timing is why a headline order value takes years to show up in reported results.
Boeing’s Q2 2026 free cash flow of $631 million was tied to delivering 171 airplanes. CFO Jay Malabe calls “$10 billion” of annual free cash flow “very attainable” as the backlog converts.
Recognized revenue was $24.56 billion in the quarter, with a core loss per share of $0.76 against a $0.34 consensus loss. Deliveries close that gap.
What Could Slip the Schedule Three variables decide whether the early-2030s window holds: certification of the 737-10, entry into service for the 777X, and factory output. The 737-10 is targeted for certification in 2026 with first deliveries in 2027. The 777X is expected to make its first delivery in 2027 after a $4.9 billion pre-tax charge in Q3 2025.
The 737 line is transitioning to 47 per month before a planned break to 52. Ortberg says he sees “a solid plan through 57 and more work to do after that.”
Airbus, running its own multi-year backlog on the A320neo and A350, is why Korean Air cannot simply defect if Boeing misses. Lockheed Martin (NYSE:LMT) has kept posting steady profits while Boeing burns cash lifting rates, a reminder that scale alone does not print earnings.
Korean Air is locking a flag carrier to Boeing metal for a decade and adding freighter demand, which shores up 777X credibility even though it will not touch 2026 results. The commitment also validates Boeing’s widebody roadmap at a moment when execution credibility is fragile.
Bull and Bear Case for BA Stock Bulls see a duopoly participant with a record backlog and improving cash generation. If 737 rates climb and the 777X enters service in 2027, the path to double-digit-billion free cash flow becomes concrete.
Bears point to a market cap near $155.74 billion resting on execution Boeing has repeatedly missed, with quarterly interest expense of $600 million and fresh VC-25B charges of $280 million weighing on GAAP results. The 737 ramp and 777X certification will decide the outcome.
Contact [email protected] for any questions or corrections.
NASA jedná s Boeingem o využití Starlineru pro 10 a více nových letů v příštích letech. To by udrželo Boeing jako druhého amerického přepravce posádek vedle SpaceX.
NASA is in talks with Boeing (BA.N) about using the aerospace manufacturer's Starliner vehicle to handle new missions, the Wall Street Journal reported on Friday.
The discussion pertains to Starliner handling 10 or more new flights in the years ahead, the report said, citing sources familiar with the matter.
"We're committed to NASA's commercial crew efforts and look forward to launching the next Starliner mission according to NASA’s mission requirements," a Boeing spokesperson told Reuters. NASA did not respond to the request.
The talks suggest NASA remains committed to maintaining Boeing as a second US crew transportation provider alongside SpaceX, despite Starliner's troubled crewed test mission two years ago.
NASA chose Boeing and SpaceX (SPCX.O) in 2014 to develop spacecraft capable of carrying astronauts to the space station, to give the US a regular domestic launch capability after NASA retired the space shuttle, ending years of reliance on Russia's Soyuz spacecraft.
"NASA is developing plans to meet our nation's objectives for a sustained presence in low Earth orbit" and expects to release details soon, an agency spokesperson told WSJ.
Boeing's Starliner faced problems on its 2024 crewed test flight, prompting NASA to return the capsule empty and bring astronauts Butch Wilmore and Suni Williams home on a SpaceX Dragon after a planned 10-day mission became a more than nine-month ISS stay.
Earlier in the day, NASA awarded SpaceX a $946 million contract to fly three additional astronaut missions to the International Space Station, extending the company's crewed flights through 2030.
Boeing je po komentářích CEO o výrobě 737 a 787 a dalším zpoždění certifikace 777X na cestě k týdennímu poklesu o 6 %. Bank of America ale říká, že reakce trhu je přehnaná.
Boeing Co (NYSE:BA, XETRA:BCO) is on track to end the week down 6% after CEO Kelly Ortberg flagged continued headwinds on the 737 and 787 production ramps, along with a further delay to 777X certification.
But Bank of America called the market reaction overdone, noting that Boeing's turnaround was never going to follow a straight line.
Earlier this week, Ortberg disclosed that 777X certification testing is now expected to slip into 2027, marking another delay for a program already seven years behind schedule. The CEO attributed the certification delay to a pending approval for a more durable seal on the GE9X engine that powers the 777X, supplied by GE Aerospace.
Boeing maintained that first deliveries remain on track for next year, in line with Bank of America's estimate of zero 777X deliveries in 2026 and 10 in 2027.
The analysts pointed to noticeable improvement compared with a year ago and said the bigger near-term risk is a potential SPEEA strike, with the union's current contract set to expire October 6.
On the 737 program, Ortberg's comments that the production ramp has yet to stabilize at 47 aircraft per month were seen as the most market-moving remark. Bank of America said the bottleneck remains in-house wing production, though the broader supply chain is holding up and Boeing has plans in place to address it. The analysts noted this kind of growing pain is typical when scaling production of a large, complex aircraft.
On a more positive note, Boeing expects certification of the 737 MAX 10 variant "very soon." That variant makes up 30% of Boeing's 737 backlog and is viewed as a key free cash flow driver. Bank of America's 2026 forecast of 519 737 deliveries remains unchanged.
Bank of America said Ortberg's comments add some risk to its 2026 free cash flow estimate of $2.4 billion but said it remains comfortable with that forecast for now.
Boeing ve 2. čtvrtletí doručil 171 komerčních letadel a 737 se v červenci posunul k produkci 47 kusů měsíčně. Divize Global Services vykázala tržby 5,3 miliardy USD a zakončila čtvrtletí s nevyřízenými zakázkami za 33 miliard USD.
Key Takeaways Boeing delivered 171 commercial aircraft in Q2 as 737 production moved toward 47 per month.Boeing's 777X advanced to certification flight testing, while the first 787s were delivered to Riyadh Air.Boeing's Global Services generated $5.3 billion in Q2 revenues and ended with a $33 billion backlog. The Boeing Company’s (BA - Free Report) Commercial Airplanes business is showing signs of improving execution as production and deliveries increase. Boeing delivered 171 commercial aircraft during the second quarter. The 737 program also began transitioning toward a production rate of 47 aircraft per month in July.
New aircraft programs could add another source of long-term growth. During the second quarter, the 777X received FAA approval to begin certification flight testing under TIA 4B, while Boeing delivered its first 787 Dreamliners to Riyadh Air. These programs expand Boeing’s future delivery opportunities beyond the existing 737 and 787 production ramp.
Boeing’s growth opportunity is not limited to commercial aircraft. Its defense programs are moving into important stages. The U.S. Navy’s MQ-25A Stingray completed its first flight and was cleared for low-rate initial production, while Boeing also began low-rate initial production of the U.S. Air Force’s T-7A Red Hawk. These programs give Boeing additional exposure to defense modernization and next-generation aircraft demand.
Global Services provides another source of demand through maintenance, training and other aviation services. The segment generated second-quarter revenues worth $5.3 billion and ended the quarter with a $33 billion backlog. Boeing also secured a U.S. Navy award for P-8A training systems and announced an agreement with Alaska Airlines to integrate its Virtual Airplane training solution.
The combination of higher production, backlog conversion and improving cash generation could give Boeing greater financial flexibility over time.
Companies Leveraging Commercial Aerospace & Defense DemandAlong with Boeing, few other companies also benefit from the same trend, as discussed below:
Airbus (EADSY - Free Report) : Airbus benefits from strong global demand for commercial aircraft and maintains a large aircraft backlog, giving it long-term exposure to fleet expansion and replacement demand.
GE Aerospace (GE - Free Report) : GE Aerospace benefits from commercial aircraft production through its engine business and has additional exposure to the growing installed aircraft base through aftermarket services.
BA Stock’s Earnings EstimatesThe Zacks Consensus Estimate for 2026 and 2027 earnings per share indicates a year-over-year improvement of 91.45% and 525.72%, respectively.
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BA Stock Trades at a DiscountIn terms of valuation, BA’s forward 12-month price-to-sales (P/S) is 1.44X, a discount to the industry’s average of 2.26X.
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BA Stock’s Price PerformanceIn the past six months, the company’s shares have lost 2.1% compared with the industry’s 11.7% decline.
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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.
The Federal Aviation Administration said on Thursday it approved a waiver of airplane emissions rules to allow Boeing (BA.N) to sell another 35 777F freighters after 2028.
The waiver will allow Boeing to sell the planes for another three years after new emissions rules take effect on January 1, 2028, which would have barred the sale of the plane. Boeing in December 2025 had requested approval, citing strong customer demand and a delay in the next-generation plane's certification.
The 777F is the only large widebody freighter in production, and its next-generation replacement, the 777-8F, is not expected to enter service until approximately 2029. Without the waiver, Boeing would have faced a gap in freighter production that it says could have cost more than $15 billion in U.S. exports.
The FAA said it was giving Boeing "flexibility and accommodating uncertainty in the certification timeline of the replacement dedicated freighter airplane, the 777-8F."
BIDEN-ERA EMISSIONS RULES
Under former President Joe Biden, the FAA in February 2024 issued final rules adopting international standards to reduce carbon pollution from most large airplanes flying in U.S. airspace, which would bar 777F sales beginning in 2028.
The rules do not apply to airplanes in service before that date.
Boeing did not immediately respond to a request for comment.
The planemaker said earlier that each export of a 777F aircraft to a foreign customer, at list price, contributes $440 million to a positive U.S. trade balance. It said that more than $15 billion in U.S. exports could be lost, without the exemption.
The company has said it expects to deliver the first 777-8F approximately two years after the first delivery of the 777-9, which is currently targeted for 2027.
Boeing said the 777F is the most fuel-efficient airplane for the global freight market and the only large widebody freighter in production.
In 2024, Congress passed legislation allowing Boeing to continue to produce its 767 freighter for another five years through 2033 in the United States, exempting it from the FAA efficiency rules taking effect in 2028.
The FAA said previously that civil aircraft were responsible for 9% of domestic transportation emissions and 2% of total U.S. carbon pollution. Under Biden, the U.S. unveiled a climate action plan that aimed to achieve net-zero greenhouse gas emissions from the U.S. aviation sector by 2050.
The FAA said the 35 airplanes could increase freighter operations by approximately 2% and raise fuel burn by approximately 8% relative to global freighter operations in 2024.
Boeing očekává brzkou certifikaci 737 MAX 10 a uvedl, že výroba 737 běží na 47 kusech měsíčně, i když zatím není stabilní. Zároveň varoval, že případná stávka by zastavila práce na certifikaci 777 a zasáhla výrobu 737.
Banc of California Bets on Short-Term PainBoeing NYSE: BA executives said the company has made progress on commercial production, aircraft certification and defense-program execution, while continuing to work through supply-chain constraints, inventory levels and potential labor disruption.
Speaking at a Morgan Stanley event, President and CEO Kelly Ortberg said Boeing’s production ramp in commercial airplanes has been a major accomplishment, alongside efforts to restore trust with regulators. He said the Federal Aviation Administration’s redelegation of authority to Boeing was “a really, really good sign” of the company’s evolving relationship with the agency.
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3 CEOs Are Buying Millions of Dollars of Their Beaten-Down StocksOrtberg also cited progress in Boeing’s defense portfolio, including work on challenging fixed-price contracts and positioning the segment for future growth. He said the company has completed certification of the 737 MAX 7 and expects certification of the 737 MAX 10 “very soon.”
737 Production Ramp Depends on Wing-Shop Stability Boeing is producing 737 aircraft at a rate of 47 per month, though Ortberg said the company has not yet reached stability at that level. The primary current constraint is wing production in Renton, Washington, where Boeing has not achieved the flow improvements it expected on its original timetable.
Space Race Meets Ground Reality for Tower REITsOrtberg said the supply chain, including CFM engine supply, is in good shape for Boeing’s near-term 737 production plans. Before increasing output to 52 aircraft per month, however, Boeing needs to stabilize production at 47 per month in Renton and certify and activate a new 737 production line in Everett, Washington.
The Everett line will initially build four aircraft for line certification. Ortberg said the facility will also provide flexibility to produce more MAX 10 aircraft because the longer model can be built nose-to-tail in Everett, unlike in Renton.
The MAX 10 represents roughly 30% of Boeing’s backlog, Ortberg said, and the company expects approximately 30% of aircraft coming off its production line to be MAX 10s once deliveries begin.
Inventory Reduction Seen as Multiyear Opportunity Chief Financial Officer Jay Malave said Boeing is reviewing its inventory position and sees a multiyear opportunity to free up “multiple billions” of dollars, though the effort must not interfere with planned production-rate increases.
Malave said Boeing Commercial Airplanes inventory includes normal production inventory, deferred production, stored MAX 7 aircraft and excess inventory in certain commodities. The company expects deferred production balances on the 737 and 787 to begin leveling off next year as cash margins improve relative to average booking rates.
Boeing also expects inventory to decline as it delivers pre-built MAX 7s and MAX 10s following certification, with those deliveries expected to occur over roughly an 18-month period. Malave said the company will seek to reduce excess inventory gradually while avoiding cuts to supplier production levels that could undermine its own ramp.
787 Output and 777X Certification Remain in Focus Boeing has stabilized 787 production at eight per month, Ortberg said. The company earlier paused the production line while awaiting engine deliveries, and it has not yet achieved the engine-delivery performance needed to move to a rate of 10 per month. He said that improvement is now expected closer to year-end.
Deliveries of the 787 may remain uneven because of seating documentation and certification issues, Ortberg said. Boeing can build the aircraft, but some cannot be delivered until new and complex seat configurations receive the required documentation and certification.
For the 777X, Ortberg said Boeing continues to complete flight-test activities but has not received authorization to begin extended twin-engine operations, or ETOPS, testing. That authorization depends on completion of a certification plan addressing an engine mid-seal issue. General Electric is conducting additional testing, he said.
Some 777X testing could extend into next year, but Boeing continues to plan for deliveries in 2027. Malave said Boeing has made some adjustments to production and delivery schedules but that the changes remain within the program’s estimate to complete. He said the company still expects 777X cash flow to be generally flat next year, improve in 2028 and turn positive in 2029.
Cash-Flow Outlook Maintained; Labor Vote Approaches Malave reaffirmed Boeing’s 2026 free-cash-flow guidance of $1 billion to $3 billion, with approximately $2 billion representing the framework within that range. He said the company’s rate ramps on the 737 and 787 have shifted somewhat later in the year, making upside from higher back-half deliveries less likely than before.
Looking toward 2027, Malave said cash flow should grow, though it will still be affected by pricing penalties and excess advances that Boeing must work through. He said Boeing’s longer-term normalized free-cash-flow framework remains broadly intact, based on production rates above 50 aircraft per month for the 737 and above 10 per month for the 787, along with eventually positive cash generation from the 777X program.
Ortberg said avoiding a work stoppage involving the SPEEA engineering union is Boeing’s highest priority. A strike would halt 777 certification work and affect 737 production, though Boeing has contingency plans intended to keep some level of 737 output operating. A new offer endorsed by the negotiating committee is expected to be put to a vote before the current contract expires Oct. 6.
About Boeing (NYSE:BA)The Boeing Company is a global aerospace company that designs, manufactures and services commercial airplanes, military aircraft, satellites, space systems and other aerospace products. Its principal business areas include commercial airplanes, defense and security, and aftermarket services that support aircraft operations throughout their life cycles.
Boeing's commercial portfolio includes the 737, 767, 777 and 787 families of jetliners, while its defense and space operations provide products and services for the U.S.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Boeing uvedl, že stabilizace výroby 737 Max trvá déle, než čekal, a plánuje zvýšit produkci až příští rok. Akcie firmy v odpoledním obchodování klesaly o více než 5 %.
Boeing's 737 Max production is taking "a little bit longer" than expected to stabilize, and the company expects to increase its output of the planes next year, CEO Kelly Ortberg told investors Wednesday.
Boeing stock extended its losses for the day and was down more than 5% in afternoon trading after Ortberg's comments.
The manufacturer has been working to steadily ramp up the output of its best-selling plane after years of safety and quality crises. Ortberg said wing production at its Renton, Washington, factory is a constraint now, adding the company has plans in place to address it.
Boeing is producing about 47 of the aircraft per month.
Ortberg reiterated to investors at a Morgan Stanley industry conference that he expects certification of the Max 10, the largest model in the family "very soon." That plane is years behind schedule.
Kelly didn't say that he expected aircraft orders from China when President Donald Trump is scheduled to host Chinese leader Xi Jinping at the White House on Sept. 24.
Orders from China are "going to be announced by the airlines at their pace," he said.
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Boeing očekává, že 777X začne přepravovat cestující v roce 2027, po sedmiletém zpoždění a více než 15 miliardách USD v nákladech. Lufthansa bude startovním zákazníkem.
Airlines are expected to introduce brand-new premium and economy cabins once they receive their first Boeing 777X. John Keeble/Getty Images It's seven years late and has racked up over $15 billion in charges, but Boeing's most important plane is expected to finally fly passengers in 2027.
Over a dozen airlines are waiting on the yet-to-be-certified Boeing 777X, the world's largest twin-engine widebody in production, packed with more than 400 seats and capable of flying up to 9,000 miles nonstop.
Boeing says the wider cabin, longer wings with folding wingtips, and giant General Electric engines create more seat room, open new routes, and provide a more efficient and comfortable flying environment compared with the planes it's replacing.
After years of delays, Boeing executives reiterated in a July earnings call that the larger 777-9 variant is still on track to enter service next year. German flag carrier Lufthansa is the launch customer.
The giant new jet has become increasingly important. Airlines have baked it into plans to capitalize on booming demand for premium travel, expand their long-haul networks, and replace aging widebodies that are more expensive to operate. And Boeing needs a win — and the money — after years of diminishing trust among customers and the public.
Palmer Luckey test-drives first $128,000 Jetson One electric aircraft
But the 777X is far behind schedule. Boeing initially planned to deliver the jet in 2020, but a string of quality-control and safety problems at the planemaker have increased regulator scrutiny and slowed certification. Some buyers — notably Emirates — have voiced frustration over the cost of keeping older jets flying while they wait, and have declined to take delivery of some of the earliest-built 777Xs.
Several 777X planes are nearing 8 years old as the project prolongs. Lufthansa and Emirates have said they won't take some of the older jets. Bloomberg/Getty Images Still, airlines have placed more than 560 orders collectively, worth billions of dollars, for the passenger 777X variants.
At the UK's Farnborough International Airshow in July, Business Insider experienced a mock-up of the 777X cabin and spoke with Boeing to learn more about what flyers can expect onboard, assuming the jet launches as intended next year.
"Boeing wanted to produce a cabin that would be distinctive, that would be unique, that would be something that an airline could say 'we have something different to offer,'" Boeing's managing director of product marketing, analysis, and competitive intelligence, Justin Hale, told the media. "We believe we've done that with the 777X."
From new lighting features and strategic door placement to optimize premium cabins, here are the coolest things we saw.
The 777X has the widest cabin in its class
The mock-up had a 10-abreast row with 18-inch-wide seats. Airlines can opt for narrower seats to widen the aisles. Taylor Rains/Business Insider While the double-decker Airbus A380 and Boeing 747 remain the largest and widest passenger planes in service, the 777X boasts more cabin space than its 777 predecessor and the competing Airbus A350.
Hale said engineers added a foot of cabin width compared with Airbus by making the sidewalls and insulation thinner. This means the 777X, which can seat 426 passengers in two classes, retains its 10 seats per row, but flyers get a little more wiggle room, with up to 18 inches of width.
"It's the only airplane in the market today that can seat 10-abreast comfortably in economy," Hale said.
In premium, more cabin real estate means airlines can get creative. In a January promotional video, Emirates teased a new business-class social space on its 777Xs.
The 777-8 strategically expands premium
A rendering of what business class could look like on a 777X. Boeing With premium demand booming, Boeing has adjusted its 777-8, the shorter sister to the 777-9, to give airlines more flexibility in configuring their premium cabins. It can carry about 400 people across two classes.
Hale said the team optimized the jet by moving one of the exit doors — which must have a clear path to the aisle — farther aft to stretch the space at the front of the plane. That allows the premium section to remain one uninterrupted area, with the exit door and its required aisle space instead incorporated into the first row of the next section.
"Using that door conveniently, not as a cross aisle that's in the middle of that premium cabin, but rather it marks the end of a premium cabin at the start of perhaps a premium economy or [regular] economy class," he said.
This attention to premium space comes as airlines create more complex seats, which in turn complicates certification. For example, Lufthansa has been operating new 787s with empty business-class seats because the seats haven't been certified.
Hale said Boeing has tried to offer pre-certified catalog options to reduce certification delays, but airlines want their own distinctive business classes to compete.
Premium cabins can ditch overhead bins
Boeing's Justin Hale explained the different 777X cabin concepts to the media at the airshow. Taylor Rains/Business Insider In another effort to innovate the premium section, Boeing has stripped the cabin of its center overhead bins to create an arch. The premium cabin doesn't need as much bin storage, and this design makes the front of the plane feel taller and more spacious.
"Imagine a business class cabin, certainly, but also maybe an ultra-premium, first-class type of cabin," Hale said. "There are some phenomenal types of ultra-premium products that airlines are working on to put in their 777-9s when they go into service."
The economy section keeps the center bin space, essentially flipping the arch upside down into a V-shape. Hale said this "tricks the eyes into thinking that there's more width and space horizontally," rather than vertically, because that's what coach flyers often care about.
The 777X has customizable LED lighting
The lighting on the 777X mockup at the Aircraft Interiors Expo in Germany in April. AIX The 777X has a special LED system that allows airlines to customize lighting colors, intensity, and sequences for different phases of flight.
Boeing says the lighting schemes can help passengers get better rest, feel less jet-lagged, and more easily adjust their circadian rhythms.
An airline may use oranges and pinks to evoke a sunrise, or blues and purples to mimic nighttime. There's also a northern lights scene.
The 777X windows are bigger than Airbus'
Hale demonstrated the change in window design. He's holding a cutout of an Airbus A330 window. Taylor Rains/Business Insider Hale said the 777X has solved a few long-standing problems with aircraft windows.
First, he said the 777X will have the second-largest passenger windows in the industry, behind only the 787, and they will sit higher on the sidewall to give passengers a better view out. Earlier generations of widebody aircraft, he said, placed windows lower because designers assumed flyers would want to look down.
Hale also said the 777X will retain the dimmable-window design introduced on the 787 rather than use manual shades, in part because it gives passengers without a window seat a reference to the horizon.
"Our research has shown that when you're sitting in a middle seat, your ability to have a horizon reference, even peripherally, helps you feel better, especially 12, 14, or 16 hours into a flight," Hale said. "The dimmable windows are a way to cut the light without taking away that horizon."
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Boeing získal navýšení stropu kontraktu na KC-46 na 19,1 mld. USD z 5,7 mld. USD, aby pokryl další zahraniční vojenské prodeje do Japonska, Izraele a dalším zákazníkům. Smlouva platí do dubna 2035.
Key Takeaways Boeing's KC-46 contract ceiling rose to $19.1B from $5.7B, adding $13.4B for foreign military sales.The KC-46 contract runs through April 2035, supporting post-production needs and long-term revenue visibility.International KC-46 demand could expand production and sustainment opportunities for BA's defense business. The Boeing Company (BA - Free Report) is strengthening its defense business as the U.S. Air Force and international customers continue to invest in aerial refueling and military transport capabilities. The company recently received a significant increase in the ceiling of its KC-46 Pegasus contract, expanding its opportunity to support the aircraft’s growing international customer base.
The Air Force raised the maximum value of Boeing’s KC-46 contract to $19.1 billion from $5.7 billion, adding $13.4 billion to accommodate additional Foreign Military Sales to Japan, Israel and potential future customers. The contract covers post-production requirements for the KC-46 and is expected to run through April 2035, providing Boeing with significant long-term revenue visibility.
The expanded contract highlights continued demand for the KC-46 as the United States and its allies modernize their aerial refueling fleet. The aircraft provides both air-to-air refueling and military transport capabilities, making it an important platform for supporting global military operations and extending the range of combat aircraft.
International demand could provide an additional growth avenue for Boeing’s defense business as more countries seek modern aerial refueling capabilities and strengthen their military readiness. Expanding Foreign Military Sales also supports greater production and sustainment opportunities over the long term.
With a growing international customer base, a multiyear contract framework and continued demand for aerial refueling capabilities, Boeing is well-positioned to benefit from increased investment in military transport and tanker aircraft.
Defense Stocks to Keep on the RadarOther defense companies benefiting from rising demand for military aircraft are discussed below:
Lockheed Martin (LMT - Free Report) : LMT continues to expand its international F-35 program, with allies in Europe and the Indo-Pacific increasing purchases and supporting local production and sustainment. Growing global demand should support its aircraft business.
Northrop Grumman (NOC - Free Report) : NOC is expanding its international presence through advanced aircraft and defense programs. Growing demand for the B-21 Raider, E-2D Advanced Hawkeye and other platforms should provide opportunities as U.S. allies strengthen their defense capabilities.
The Zacks Rundown for BAShares of Boeing have lost 7% in the past month compared with the Zacks aerospace-defense industry’s decline of 11.7%.
Image Source: Zacks Investment Research
From a valuation standpoint, BA is currently trading at a forward 12-month sales multiple of 1.53X, a discount when stacked up with the industry average of 2.29X.
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 v srpnu dodal 51 letadel, meziročně o 10,5 % méně, ale letošní dodávky jsou nejlepší od roku 2018. Tržby ve 2. čtvrtletí vzrostly o 8 % na 24,5 miliardy USD a volný peněžní tok se vrátil do plusu.
Shares of Boeing (BA +2.76%) climbed above $200 recently, even after it reported a slight dip in monthly deliveries. In August, Boeing delivered 51 aircraft, a 10.5% drop from a year earlier. Still, Boeing's total number of aircraft deliveries year to date is its best result since 2018. Investors are looking past the August dip because the bigger, longer-term picture has improved.
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Boeing hit $24.5 billion in revenue in the second quarter. This represents 8% growth from the year prior. Adjusted free cash flow turned positive in a big way, hitting $631 million against the negative $200 million from last year's second quarter.
Boeing's backlog stands at an incredible $715 billion, with more than 6,200 commercial aircraft in the pipeline. Boeing's turnaround plan appears to be taking hold. CEO Kelly Ortberg has stressed that the aircraft manufacturer is rebuilding trust among customers, regulators, and suppliers alike. This is paving the foundation for even more growth.
Image source: Getty Images.
Boeing's stock is still down by more than 5% year to date as of this writing, and the company faces plenty of risks. Boeing will need to continue repairing trust among stakeholders and deliver aircraft on time while preventing its capital expenditures from ballooning.
For long-term investors, Boeing appears to be fairly priced. Though its August deliveries slipped, the key point is not to look past the company's overall progress. Its improving metrics and high revenue visibility set patient shareholders up to be rewarded in the coming years.
Catie Hogan 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.
Boeing a odborový svaz inženýrů dosáhly předběžné čtyřleté dohody, která by při schválení přinesla 10% zvýšení mezd 16. října. Dohoda se týká zhruba 17 000 členů SPEEA.
Boeing (BA.N) and its engineering union reached a tentative contract agreement on Friday, union officials said.
The four-year offer includes higher general wage increases than the first offer, which members of the Society of Professional Engineering Employees in Aerospace (SPEEA) overwhelmingly rejected in an August 21 vote.
If approved, the roughly 17,000 members of SPEEA's professional and technical units would get a 10% wage raise on October 16, followed by 4% raises plus merit-based increases in 2027 through 2030.
Boeing did not immediately respond to a request for comment.
The latest offer also includes changes to work-from-home policies and overtime limits for professional unit members, according to the union.
After rejecting Boeing's first offer, SPEEA members said in an internal survey that their top priority was getting higher general wage increases.
“We heard you clearly, in your survey responses and comments at Town Hall meetings. We took your words with us back to the table, and they shaped every conversation we had with Boeing executives," SPEEA's negotiating team said in a statement.
The tentative deal "isn’t everything we’d asked for, but it represents a real step forward toward improving our pay and work lives and rebuilding the relationship between Boeing leadership and our union’s members," the team said.
The current contract expires October 6. If a deal is not finalized by then, SPEEA members can go on strike.
SPEEA members are critical to Boeing's efforts to certify its 737 MAX 10 and 777-9 jets, both of which are years behind schedule.
The previous offer had 3% general wage increases. Several SPEEA members told Reuters that would nearly guarantee their salaries fall behind inflation.
The Consumer Price Index, an inflation benchmark, rose 4.5% over the past year for the Seattle area, where most SPEEA members work, the U.S. Bureau of Labor Statistics reported in July.
SPEEA has not negotiated a new contract for its Northwest members with the company since 2012. Members approved contract extensions in 2016 and 2020.
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.
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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.
