Amazon (AMZN -0.70%) is building a constellation of 3,000-plus small "Amazon Leo" satellites to provide broadband internet service from low earth orbit. Blue Origin, Amazon's Jeff Bezos-founded cousin company, wants to build its own constellation of 5,400 small satellites to provide similar communication services specifically for enterprise, data center, and government customers.
And of course, there's Starlink. With approximately 10,800 small satellites in orbit, the SpaceX (SPCX -2.68%)-owned satellite communications business already dwarfs Amazon Leo and Blue Origin Terawave, combined. Viewed not in competition with the others, though, but in conjunction, Starlink helps demonstrate the global belief that large satellites have become passe -- and small satellites are the future.
Or are they?
Image source: Boeing.
U.S. Air Force bets big on big satellites Replacing large satellites in orbit with small satellites makes a lot of sense.
From a security perspective, it's harder for a hacker, a pirate, or a hostile foreign power to take over or destroy a satellite constellation comprising thousands of parts than a network with just a few dozen multiton satellites circling slowly in geostationary orbit.
From a technology perspective, too, when you consider the pace at which processor speeds are increasing, and launch costs are falling, it makes sense to build a lot of cheap little satellites with short lifespans, and iterate and update and replace them over time -- rather than anchor your business to a single large satellite whose technology becomes obsolete a year after it launches.
And yet, might there be some advantage to launching large satellites? Because just last month -- in the middle of this global movement toward small satellite constellations, the U.S. Air Force awarded Boeing (BA +0.12%) $2 billion to build two large Mobile User Objective System (MUOS) satellites that it expects to remain in service through 2035.
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What is MUOS? Originally built by Lockheed Martin (LMT +2.46%), which bid on this new contract and lost, MUOS is an ultra-high-frequency system that Boeing says is "designed to sustain and improve a critical communications capability used by military users operating on the ground, at sea and in the air, especially in places where reliable connections are harder to maintain."
MUOS comprises five original Lockheed-built satellites. Boeing will supplement the existing system and ensure it continues to function after Lockheed's original satellites begin aging out of service.
What does this contract mean for space stocks? And that's probably the important fact for space investors to focus on. Yes, the Air Force is buying large satellites. Yes, it's paying $1 billion for each, whereas small satellites from Rocket Lab (RKLB -8.70%) and Planet Labs (PL -8.50%) price in the mere millions. But the reason the Air Force is buying big satellites is to replace big satellites it's already bought.
This doesn't mean bigger is better. It just means the Pentagon has locked itself into operating big satellites for this particular MUOS project. For future projects, the Pentagon may well favor smaller over larger satellites -- just like everyone else on Earth.
Rich Smith has positions in Rocket Lab. The Motley Fool has positions in and recommends Amazon, Boeing, Planet Labs PBC, and Rocket Lab. The Motley Fool recommends Lockheed Martin. The Motley Fool has a disclosure policy.
Boeing (NYSE:BA | BA Price Prediction) enters its July 28 Q2 earnings report with a decade of revenue visibility with a market cap that’s less than a quarter of the price of the total order book. With deliveries rising, debt falling, and defense revenue accelerating, Boeing is showing meaningful progress in its turnaround.
Boeing’s Backlog Is 4x Larger Than Its Market Cap Boeing closed Q1 2026 with a record $695 billion backlog and currently sports a market cap of $164.48 billion. First-quarter revenue grew 14% year over year to $22.217 billion, commercial deliveries climbed to 143 aircraft from 130, and management paid down $6.95 billion of debt in the quarter, taking total debt from $54.1 billion to $47.2 billion.
The Defense Boom Is Already Showing Up in Boeing’s Results The FY2027 Department of War budget totals roughly $1.45 trillion, a 42% annual increase with 26% growth in air power funding. Boeing is already scaling into it: Patriot missile seeker production rises to 850 units in 2026 from 650 last year and 400 two years ago.
Defense, Space & Security revenue jumped 21% to $7.599 billion with operating earnings up 50% to $233 million. On July 23, the FAA restored Boeing’s authority to issue final airworthiness certifications for the 737 MAX and 787, removing a multi-year overhang.
Boeing Has a Bigger Order Book Than Lockheed Martin and RTX Combined Lockheed Martin (NYSE:LMT) and RTX Corporation (NYSE:RTX) posted strong quarters, with Lockheed up 10% and RTX up 7%, but their order books are a fraction of Boeing’s. Lockheed reports a $230 billion backlog and RTX $289 billion, versus Boeing’s $695 billion.
Analysts’ consensus price target on $BA sits at $270.08 against the stock’s current share price of $209.23, with 21 buy ratings versus one sell.
The Bottom Line: Boeing’s Turnaround Has Become Measurable Boeing’s Q2 2026 earnings report is due July 28, with the Street modeling a loss of 34 cents per share on $24.05 billion of revenue. The Q1 core loss already narrowed from $0.49 to $0.20, Director Bradley Tilden bought 1,370 shares at $218.50 in May, and prediction markets price the earnings beat at 64% with a crowd that has been 100% correct on prior BA markets. The July 28 earnings report is the next catalyst that could let Boeing’s backlog thesis compound.
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Americké zbrojovky, které tento týden přijely na aerosalon ve Farnborough, aby využily růstu evropských výdajů na obranu, se setkaly s obavami ze závislosti na amerických dodavatelích. Evropské vlády požadují větší kontrolu nad obrannou technikou, vyšší podíl místní výroby a větší zapojení domácího průmyslu. Američtí výrobci zbraní proto v Evropě zakládají společné podniky a nabízejí výrobky více přizpůsobené požadavkům jednotlivých evropských zemí, uvedla dnes agentura Reuters.
"Slyšíme to zcela jasně: Evropané chtějí větší suverenitu a chtějí mít více výrobních a technologických kapacit přímo u sebe,“ uvedl viceprezident americké společnosti Lockheed Martin pro globální rozvoj a strategii Daniel Tenney.
V době, kdy evropské členské státy Severoatlantické aliance a Kanada výrazně zvyšují výdaje na obranu, americké firmy argumentují, že nákup osvědčených amerických zbraňových systémů je rychlejší a levnější než vývoj nových. Současně však slibují lokalizaci výroby i přenos technologií do Evropy.
Společnost Lockheed Martin ve Farnborough představila levnější střelu pro systém protivzdušné obrany Patriot, která má být vyvinuta ve spolupráci s evropskými i americkými partnery. Oznámení přišlo krátce po zveřejnění plánů vyrábět taktické rakety Army Tactical Missile System (ATACMS) společně s německou společností Rheinmetall.
Divize Raytheon americké společnosti RTX nedávno rovněž oznámila partnerství s evropskými firmami s cílem zvýšit výrobu protiletadlových střel Stinger, včetně jejich finální montáže v Nizozemsku.
Evropské země podle prezidenta divize pozemních a protivzdušných obranných systémů společnosti Raytheon Thomase Lalibertyho těží z využívání široce rozšířených systémů, jako je Patriot. Země, které tento systém provozují, společně financují například databáze hrozeb či další společné schopnosti.
"Z této spolupráce mají značný prospěch,“ uvedl Laliberty.
Na evropském trhu zbrojní techniky se snaží prosadit i nové technologické společnosti. Firma Anduril, která se letos ve Farnborough představila dosud největší expozicí, rozšířila počet zaměstnanců v Británii a dohodla se na zahájení místní výroby střel s plochou dráhou letu Barracuda-500M v Polsku.
"Každá vláda má jiné požadavky na lokalizaci výroby," uvedl ředitel britské pobočky společnosti Anduril Richard Drake.
Část evropských představitelů se však obává, že Spojené státy by v budoucnu mohly být méně ochotné nebo méně schopné dodávat zbraně, náhradní díly či další podporu. Důvodem může být například situace, kdy by americké zbrojovky musely upřednostnit potřeby amerických ozbrojených sil v jiných částech světa.
Podle představitelů obranného průmyslu a odborníků už Evropané nechtějí pouze nakupovat hotové výrobky. Požadují přístup k technologiím, které jim umožní techniku samostatně vyrábět, upravovat i udržovat.
Evropa podle vedoucího partnera poradenské společnosti Boston Consulting Group v Miláně Fabia Dal Pana požaduje významný přenos práv duševního vlastnictví.
Přestože Evropa zůstává na americkém obranném průmyslu stále výrazně závislá, pro americké společnosti představuje riziko možnost, že se trend směřující k větší evropské soběstačnosti stane dlouhodobým. To je podle Toma Waldwyna z londýnského Mezinárodního institutu pro strategická studia (IISS) velmi závažná obava.
Existují přitom systémy, které Evropa nedokáže v krátké době nahradit, například stíhací letouny F-35 nebo protiraketové systémy Patriot. V jiných oblastech však podle analytika společnosti Agency Partners Sashe Tusy evropské alternativy "mohou být dostatečně kvalitní" a současně nabízejí významnou výhodu z hlediska strategické suverenity. V některých případech mohou být i levnější. To se podle něj týká například systémů protivzdušné obrany středního dosahu.
Analytici zároveň upozorňují, že Evropa už v některých segmentech postupně snižuje závislost na americké technice, například v oblasti letounů včasné výstrahy.
NATO nedávno oznámilo plán zhruba za 4,5 miliardy dolarů (95 miliard Kč) na nákup až deseti průzkumných letounů Saab GlobalEye, které mají nahradit stárnoucí stroje AWACS. Aliance tak dala přednost švédskému systému před konkurenční nabídkou amerického výrobce Boeing.
Evropské země se zároveň snaží samostatně vyvíjet některé nové technologie. Britská společnost BAE Systems na veletrhu ve Farnborough představila nový bezpilotní bojový letoun, který britská vláda označila za demonstrátor budoucí operační koncepce. Stalo se tak navzdory tomu, že několik amerických společností už podobné stroje vyvíjí a některé z nich byly ve Farnborough rovněž vystaveny.
Britský program bude zahrnovat více dodavatelů, zároveň však zůstane suverénní, řekl minulý týden agentuře Reuters zástupce velitele britského Královského letectva pro rozvoj schopností a programy Jim Beck.
"My potřebujeme mít právo rozhodovat o tom, jak a kdy budeme s naší technikou nakládat,“ uvedl Beck.
Aerosalon ve Farnborough se koná jednou za dva roky a střídá se s pařížským aerosalonem v Le Bourget. V sudých letech je v Británii, v lichých ve Francii. Jde o dvě nejvýznamnější světové přehlídky letecké techniky zaměřené na obchodní část odvětví, tedy především na kontrakty výrobců letadel, motorů, zbrojních firem a dodavatelů technologií.
Boeing (BA) edged out Airbus at the Farnborough Airshow, but the relatively quiet order race showed how much the aerospace industry's priorities have changed.Bo
Wall Street analysts forecast that Boeing (BA - Free Report) will report quarterly loss of -$0.34 per share in its upcoming release, pointing to a year-over-year increase of 72.6%. It is anticipated that revenues will amount to $24.05 billion, exhibiting an increase of 5.7% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has undergone a downward revision of 457.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Bearing this in mind, let's now explore the average estimates of specific Boeing metrics that are commonly monitored and projected by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Revenues- Global Services' of $5.26 billion. The estimate points to a change of -0.4% from the year-ago quarter.
The average prediction of analysts places 'Revenues- Defense, Space & Security' at $7.01 billion. The estimate indicates a change of +6% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenues- Commercial Airplanes' should come in at $11.66 billion. The estimate indicates a change of +7.2% from the prior-year quarter.
Based on the collective assessment of analysts, 'Deliveries - Total' should arrive at 171 . The estimate is in contrast to the year-ago figure of 150 .
Analysts forecast 'Deliveries - Commercial Airplanes - 737' to reach 129 . Compared to the present estimate, the company reported 104 in the same quarter last year.
Analysts' assessment points toward 'Deliveries - Commercial Airplanes - 787' reaching 25 . Compared to the current estimate, the company reported 24 in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Deliveries - Commercial Airplanes - 777' will likely reach 7 . The estimate is in contrast to the year-ago figure of 13 .
The consensus estimate for 'Deliveries - Commercial Airplanes - 767' stands at 10 . Compared to the current estimate, the company reported 9 in the same quarter of the previous year.
Analysts predict that the 'Earnings/(loss) from operations- Global Services' will reach $963.04 million. Compared to the current estimate, the company reported $1.05 billion in the same quarter of the previous year.
It is projected by analysts that the 'Earnings/(loss) from operations- Defense, Space & Security' will reach $228.07 million. The estimate is in contrast to the year-ago figure of $110.00 million.
View all Key Company Metrics for Boeing here>>>
Over the past month, shares of Boeing have returned -5.3% versus the Zacks S&P 500 composite's +0.4% change. Currently, BA carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
SummaryCompaniesBoeing won 173 orders while Airbus booked 154 jetsSMBC Aviation Capital split a 200-jet single-aisle order evenly between both planemakersAbout 300 aircraft sold at the show from major planemakers, below forecasts of as many as 800 planesFARNBOROUGH, England, July 22 (Reuters) - Boeing (BA.N), opens new tab edged Airbus (AIR.PA), opens new tab in a subdued series of order announcements at the Farnborough Airshow this week, as the global aerospace industry focuses on fixing lingering supply constraints and catching up on record order backlogs.
The deals — worth tens of billions of dollars — were in line with expectations within the industry for just over 300 orders, reported by Reuters ahead of the event, but fell short of some bullish external forecasts reaching as high as 800 aircraft.
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The once-addictive buzz surrounding orders at air shows has been fading in recent years as planemakers avoid giving jarring messages at a time when they are struggling industrially, and as airlines digest a record number of aircraft still on order.
"I didn't have high expectations of big commercial orders at the show, not particularly because of the current macro or geopolitical climate, but because a lot of large orders are already out there," airline analyst John Strickland said.
Boeing announced firm and preliminary orders for 173 aircraft, helped by a mix of narrowbody and widebody deals, while its European rival announced 154 firm and provisional orders, for a total of 327, according to a Reuters tally.
After excluding deals already in manufacturer order books without the buyer initially being named — including Boeing's half of a big lessor order — the overall tally was 218 aircraft.
That's up slightly on the previous Farnborough event in 2024, but well below the 2018 cyclical peak of 1,109 orders for the two dominant manufacturers.
Following years of supply-chain disruptions, labour shortages and manufacturing setbacks, Airbus and Boeing have amassed order books stretching well into the next decade.
With manufacturers focused on increasing output and airlines facing long waits for new jets, air shows are generating fewer headline-grabbing orders and even planes than in the past.
"Demand is not the issue," Boeing Commercial Airplanes CEO Stephanie Pope told reporters on the eve of the show.
Airbus showed off its A350-1000 as it considers stretching the jet to counter Boeing's delayed 777X.
Boeing did not bring any of its major commercial variants, three of which are in the process of being certified.
200 AIRPLANE DEAL FOR LESSORThe week's biggest commercial deal came from the world's second-largest lessor SMBC Aviation, which split an order for 200 single-aisle jets evenly between the two main planemakers, buying 100 Boeing 737 MAX and 100 Airbus A320neo-family jets.
The deal underscored still-strong demand for narrowbody aircraft, the workhorses of short- and medium-haul travel, despite scarce delivery slots and supplier bottlenecks.
Other deals included continued demand for widebody jets, with Riyadh Air and Philippine Airlines shopping at both manufacturers and leasing giant AerCap buying more Boeing 787s.
Regional aircraft maker Embraer reported orders for 50 of its planes including 20 freighters.
Away from the main aircraft stands, a key feature of the show was a record order for more than 1,000 LEAP-1A engines from CFM International to power 500 previously ordered Airbus jets.
A previous aircraft order boom stoked in part by low interest rates has placed high industrial demands on the engine industry, leading to parts shortages and maintenance delays.
Both CFM and Pratt & Whitney, the main supplier affected, said the industrial situation was improving steadily.
Writing by Shivansh Tiwary; Additional reporting by Dan Catchpole, Joanna Plucińska, Maria Rugamer and Tim Hepher; Editing by Joe Brock and Sharon Singleton
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Shivansh reports on major aerospace, aviation, and industrial companies in the United States. A journalism graduate from Christ University in Bangalore, he specializes in breaking news and quarterly earnings reports for the country’s largest airlines and machinery manufacturers. His work is often featured in Reuters’ Aerospace & Defense and Autos & Transportation sections.
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Boeing (NYSE:BA | BA Price Prediction) shares were last seen trading near $210, off 4.3% over the past week and 8.7% lower over the past year. Wall Street sees a turnaround worth buying: analysts carry a consensus price target of $270.08, with 78% of ratings bullish and only one strong sell in the mix. Reddit, meanwhile, is unmoved. Boeing’s aggregate sentiment score sits at 42, a neutral read that leans cautious.
Boeing’s Q1 report told the story fueling institutional optimism: $22.22 billion in revenue, up 14%, 143 commercial deliveries, and $6.95 billion of debt repaid in a single quarter, taking consolidated debt to $47.2 billion. Backlog reached $695 billion. Retail investors, however, are looking at the same filing and seeing a $1.5 billion free cash flow burn and a Commercial Airplanes segment still running at a 6.1% negative operating margin.
Why Boeing’s Reddit Crowd Stays Skeptical Discussion volume is thin: Boeing chatter clusters in r/stockmarket rather than the speculative corners of Reddit, and activity levels register as low outside a single Tuesday morning spike. The dominant thread over the past few days is a news post titled “Boeing asks US to intervene over record EU loan to Airbus,” which has drawn 556 upvotes and 98 comments. The framing, Boeing complaining about competitor subsidies rather than winning on product, sums up the retail mood.
What is keeping sentiment stuck near neutral:
Commercial Airplanes is still losing money at the segment level, with a negative 6.1% operating margin in Q1. Free cash flow swung back to a $1.5 billion outflow after two positive quarters, denting the recovery narrative. The 777X first delivery has slipped to 2027, and 737-7 and 737-10 certifications are still pending. Lockheed’s Steady Profits Sharpen the Contrast Defense peer Lockheed Martin (NYSE:LMT) runs a consistently profitable book while Boeing’s Defense, Space & Security unit only recently returned to positive territory at $233 million in operating earnings. That gap explains why retail investors treat Boeing as a “show me” story even as sell-side analysts lean in.
The Catalyst Boeing Needs The near-term test arrives fast. Polymarket traders assign a 65% probability that Boeing beats its next quarterly earnings, with the market resolving July 28, 2026. A clean quarter with positive cash flow would give the Reddit crowd something harder to ignore than a subsidy dispute with Airbus.
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Aureus Asset Management LLC reduced its position in The Boeing Company (NYSE:BA – Free Report) by 55.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,704 shares of the aircraft producer’s stock after selling 9,692 shares during the quarter. Aureus Asset Management LLC’s holdings in Boeing were worth $1,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Boeing by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock worth $15,413,227,000 after acquiring an additional 3,460,021 shares during the last quarter. Newport Trust Company LLC boosted its position in Boeing by 1.0% during the fourth quarter. Newport Trust Company LLC now owns 29,485,294 shares of the aircraft producer’s stock worth $6,401,847,000 after purchasing an additional 286,848 shares during the period. Geode Capital Management LLC increased its stake in shares of Boeing by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 17,025,435 shares of the aircraft producer’s stock worth $3,679,592,000 after purchasing an additional 533,753 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Boeing by 2.5% in the fourth quarter. Fisher Asset Management LLC now owns 5,640,900 shares of the aircraft producer’s stock valued at $1,224,752,000 after purchasing an additional 135,860 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Boeing by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,370,415 shares of the aircraft producer’s stock valued at $948,905,000 after buying an additional 138,469 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.
Trending Headlines about Boeing Here are the key news stories impacting Boeing this week:
Positive Sentiment: Boeing announced several new aircraft wins at the Farnborough Airshow, including orders from Luxair, Uganda Airlines, MSC Air Cargo, and AerCap, which supports its backlog and signals steady demand for 737 MAX, 787 Dreamliner, and 777 freighter jets. Article Title Positive Sentiment: TipRanks and other market commentary pointed to Boeing gaining as Airbus plays catch-up, reinforcing investor optimism that Boeing is benefiting from renewed commercial aircraft momentum. Article Title Positive Sentiment: Several reports noted Boeing’s “strong delivery momentum” and improving corporate turnaround narrative, which can help sentiment around the stock if investors believe execution is improving. Article Title Neutral Sentiment: Analysts and trading commentary say Boeing remains a trending stock, but much of the focus is on the upcoming earnings report and whether recent operational progress can be sustained. Article Title Negative Sentiment: Technical-focused coverage flagged Boeing as sitting below key moving averages ahead of Q2 earnings, suggesting the stock still faces resistance and investor caution. Article Title Negative Sentiment: Some coverage also warned that Boeing may report negative earnings next week, which could temper enthusiasm if results disappoint or guidance is weak. Article Title Insider Transactions at Boeing In related news, Director Bradley D. Tilden bought 1,370 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was bought at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the transaction, the director owned 1,370 shares of the company’s stock, valued at approximately $299,345. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.10% of the company’s stock.
Boeing Trading Up 2.0% Shares of BA opened at $208.85 on Thursday. The Boeing Company has a 1-year low of $176.77 and a 1-year high of $254.35. The company has a market capitalization of $164.64 billion, a P/E ratio of 101.38 and a beta of 1.21. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.18 and a quick ratio of 0.35. The firm’s 50 day simple moving average is $219.98 and its 200 day simple moving average is $224.59.
Boeing (NYSE:BA – Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.48. The company had revenue of $22.22 billion during the quarter, compared to the consensus estimate of $22.15 billion. Boeing’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.49) EPS. Sell-side analysts forecast that The Boeing Company will post -0.33 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades A number of analysts recently issued reports on the company. Citigroup boosted their price objective on Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Weiss Ratings lowered Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. Wolfe Research reiterated an “outperform” rating and set a $275.00 price target on shares of Boeing in a research report on Thursday, April 23rd. Tigress Financial raised their price objective on shares of Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, Btg Pactual set a $260.00 price objective on shares of Boeing in a research report on Tuesday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $261.53.
View Our Latest Report on Boeing
Boeing Profile (Free Report)
Boeing Company (NYSE: BA) is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.
Boeing’s principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.
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Boeing (BA - Free Report) closed the most recent trading day at $208.65, moving +1.88% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 0.14% for the day. Elsewhere, the Dow lost 0.01%, while the tech-heavy Nasdaq lost 0.57%.
Heading into today, shares of the airplane builder had lost 5.5% over the past month, outpacing the Aerospace sector's loss of 5.8% and lagging the S&P 500's gain of 0.25%.
The investment community will be paying close attention to the earnings performance of Boeing in its upcoming release. The company is slated to reveal its earnings on July 28, 2026. On that day, Boeing is projected to report earnings of -$0.34 per share, which would represent year-over-year growth of 72.58%. Meanwhile, our latest consensus estimate is calling for revenue of $24.05 billion, up 5.73% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of -$0.33 per share and a revenue of $96.84 billion, demonstrating changes of +96.9% and +8.25%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Boeing. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 113.63% lower. At present, Boeing boasts a Zacks Rank of #3 (Hold).
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 98, which puts it in the top 40% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Boeing Co. (NYSE:BA) shares are in the spotlight, with earnings on deck, a bearish technical setup, and Edge Rankings all drawing attention.
Boeing shares are consolidating. What’s ahead for BA stock? Earnings Preview & HistoryBoeing is scheduled to report second-quarter earnings on July 28. Analysts estimate a loss of 27 cents per share along with revenue of $23.90 billion. For the prior quarter, Boeing reported a loss of 20 cents per share, beating the consensus estimate of a loss of 75 cents per share. The company also posted revenue of $22.22 billion, exceeding the consensus estimate of $21.96 billion.
Over the last four quarters, Boeing has averaged an EPS surprise of 1.65% and a revenue surprise of 0.05%.
What to WatchInvestors will be listening for delivery and production-rate commentary, since the recent order streak only matters if it turns into shipments and cash over the next few quarters. Watch for updates on commercial backlog conversion (orders vs deliveries), free cash flow trajectory (whether higher costs from delays are being contained), and defense program margin pressure — especially any quantified impact from the Air Force One timeline and cost growth.
Boeing Trades Below Every Major Moving AverageFrom a trend perspective, Boeing is still in a repair phase: the stock is trading 5.9% below its 20-day SMA, 7% below its 50-day SMA, 6% below its 100-day SMA, and 5.7% below its 200-day SMA. With price under all of those averages, rallies tend to get tested quickly until the stock can reclaim at least the 20-day/50-day zone.
Momentum is also leaning cautious: MACD is below its signal line and the histogram is negative, which points to upside pressure fading versus the prior upswing. In plain terms, when MACD sits under its signal line, it suggests buyers are losing control unless momentum can turn back up.
The longer-term backdrop is more mixed: Boeing logged a golden cross in June (50-day SMA over the 200-day SMA), but the stock has since slipped back under those longer averages, leaving the cross as a "needs confirmation" signal rather than a clean trend restart. On the map, $232.00 is the key overhead area to watch, while $187.50 is the nearby downside level that matters if sellers regain control.
Key Resistance: $232.00 — a round-number zone that can act as a ceiling on rebounds Key Support: $187.50 — a nearby floor where buyers previously stepped in Benzinga Edge RankingsBelow is the Benzinga Edge scorecard for Boeing, highlighting its strengths and weaknesses compared to the broader market:
Momentum: Weak (Score: 14.42) — The stock’s recent trend signals are soft, lining up with price sitting below key moving averages. Value: Weak (Score: 28.37) — The setup screens as expensive versus typical value factors, which can make the stock more sensitive to execution and guidance. The Verdict: Boeing’s Benzinga Edge signal reveals a weak-tilted profile, with both Momentum and Value scoring in the lower ranges. For longer-term bulls, the chart likely needs to reclaim key moving averages to improve the momentum read, while the valuation backdrop raises the bar for the upcoming earnings report.
Boeing Shares Trade FlatBA Price Action: At the time of publication, Boeing shares are trading 0.54% higher at $205.90, according to data from Benzinga Pro.
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Boeing (BA - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this airplane builder have returned -5.5%, compared to the Zacks S&P 500 composite's +0.3% change. During this period, the Zacks Aerospace - Defense industry, which Boeing falls in, has lost 4.8%. 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.
Earnings Estimate RevisionsHere 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.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, Boeing is expected to post a loss of $0.34 per share, indicating a change of +72.6% from the year-ago quarter. The Zacks Consensus Estimate has changed -457.3% over the last 30 days.
For the current fiscal year, the consensus earnings estimate of -$0.33 points to a change of +96.9% from the prior year. Over the last 30 days, this estimate has changed -113.6%.
For the next fiscal year, the consensus earnings estimate of $3.97 indicates a change of +0% from what Boeing is expected to report a year ago. Over the past month, the estimate has changed -2.3%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Boeing.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Boeing, the consensus sales estimate of $24.05 billion for the current quarter points to a year-over-year change of +5.7%. The $96.84 billion and $110.79 billion estimates for the current and next fiscal years indicate changes of +8.2% and +14.4%, respectively.
Last Reported Results and Surprise HistoryBoeing reported revenues of $22.22 billion in the last reported quarter, representing a year-over-year change of +14%. EPS of -$0.2 for the same period compares with -$0.49 a year ago.
Compared to the Zacks Consensus Estimate of $21.46 billion, the reported revenues represent a surprise of +3.53%. The EPS surprise was +78.95%.
Over the last four quarters, Boeing surpassed consensus EPS estimates two times. The company topped consensus revenue estimates each time over this period.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty 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.
Bottom LineThe 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 #3 does suggest that it may perform in line with the broader market in the near term.
Key Takeaways Boeing increased commercial deliveries and defense orders, strengthening revenue growth and backlog.Embraer expanded its backlog as demand rose for E2 jets and defense agreements gained momentum.Earnings growth, valuation, solvency and recent stock performance distinguish the two aerospace stocks. The Boeing Company (BA - Free Report) and Embraer S.A. (EMBJ - Free Report) are leading aircraft manufacturers, serving airlines, governments and defense customers across multiple markets. While Boeing is one of the largest aerospace and defense companies globally, Embraer has established itself as a leading producer of regional and smaller commercial aircraft.
Both companies generate a significant portion of their revenues from commercial aviation, making them beneficiaries of long-term trends such as rising global air travel, airline fleet expansion and the replacement of older aircraft with more fuel-efficient models.
Boeing has a large Defense, Space & Security business as well as a growing Global Services segment that provides maintenance, logistics and aftermarket support. Embraer also operates defense and security businesses, manufacturing military transport aircraft and other defense products, while its services and support division provides maintenance and operational solutions for customers worldwide.
Let us compare the stocks' fundamentals to determine which one is a better investment option at present.
Tailwinds for BA StockThe company benefited from a significant first-mover advantage, having established itself as one of the pioneers of modern commercial aviation. Its extensive product portfolio, particularly the 737 narrow-body family and the 787 Dreamliner wide-body aircraft, helped the company secure a strong position across major airline segments. Boeing Commercial Airplanes segment deliveries grew 10% year over year in the first quarter of 2026, driving a 13% increase in revenues. The company booked 140 net commercial airplane orders.
During the first quarter of 2026, the Boeing Defense, Space & Security (BDS) unit booked $9 billion in orders, including contracts to continue E-7 Wedgetail development and additional international demand for KC-46 aircraft, which resulted in a solid backlog addition of $86 billion for the period ending March 2026. Such solid contract wins and subsequent backlog should continue to bolster the BDS unit’s revenues, which registered solid year-over-year growth of 21% in the first quarter of 2026.
Tailwinds for EMBJ StockEmbraer has been witnessing increased demand for its E-jets, particularly with E2 being the second generation of this jet family of commercial aircraft. The company is currently aiming to expand its production capacity of E2 aircraft, with further intentions to launch this aircraft in the markets of Turkey and China over the next few years. Embraer’s firm order backlog reached $32.1 billion in first-quarter 2026, up 22% year over year, led by a 50% increase in Commercial Aviation backlog to $15.0 billion. Management also cited a 3.0x book-to-bill for Commercial Aviation over the last 12 months, and disclosed roughly $20 billion of options across segments that could lift backlog beyond $50 billion as exercised.
Defense & Security revenues increased 63% year over year to $227 million in the first quarter of 2026. Management noted a purchase agreement with the UAE for 10 KC-390 aircraft plus 10 options, with deliveries expected to start in 2028. Embraer also cited a partnership with Northrop Grumman to support the KC-390 in the U.S. NGAS program, which broadens the funnel for export campaigns.
How Does the Zacks Consensus Estimate Compare for BA & EMBJ?The Zacks Consensus Estimate for Boeing’s 2026 and 2027 earnings per share (EPS) indicates an increase of 97.37% and 1,513.9% year over year.
Image Source: Zacks Investment Research
The consensus estimate for Embraer’s 2026 and 2027 EPS indicates an increase of 110.14% and 37.13% year over year.
Image Source: Zacks Investment Research
Valuation for BA & EMBJBoeing shares trade at a forward 12-month Price/Sales (P/S F12M) of 1.54X compared with Embraer’s 1.31X.
BA & EMBJ’s SolvencyThe time-to-interest earned ratio of Boeing and Embraer is 2 and 1.6, respectively. The ratio, being greater than one, reflects the company’s ability to meet future interest obligations without difficulties.
BA & EMBJ’s Price PerformanceIn the past six months, shares of Boeing have lost 18.4%, while those of Embraer have lost 15.7%, compared with the industry’s decline of 11.5%.
Image Source: Zacks Investment Research
BA or EMBJ: Which is a Better Choice Now?Boeing’s long-standing leadership in commercial aviation and broad aircraft portfolio continue to support strong demand, while improving deliveries and new orders reinforce its market position. BA’s defense business is benefiting from robust contract wins and a growing backlog, providing additional support for future revenue growth. Embraer is benefiting from strong demand for its next-generation E2 aircraft, supported by a growing commercial aviation backlog. EMBJ’s defense business is also gaining momentum through new international agreements and strategic partnerships, strengthening long-term growth prospects across both segments.
Our choice at the moment is Boeing, given its strong earnings growth and better solvency than Embraer. Both BA and EMBJ carry a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Someone has a single pension, a soft spot for the islands, and hopes to finish their story in Hawaii on that one check. No Social Security, no side portfolio, no rental income. Just the pension. This piece examines whether the math clears and what the pension must deliver to hold up for thirty years in the most expensive state most Americans seriously consider.
The Ground Truth on Cost in Hawaii Hawaii’s cost-of-living index sits at 109.951, which understates the reality for anyone buying groceries on Oahu. Per capita income of $71,573 translates to a real, purchasing-power-adjusted $65,095, which matters when a pension is fixed and the shelves are not.
Assume a retiree who owns a modest condo outright on Oahu. Renting a one-bedroom in Honolulu near $2,400 a month makes this plan impossible on a single pension. With the home paid off, the annual working budget breaks down as:
Housing: HOA at about $600 a month, property tax on an owner-occupied unit with senior exemption near $1,800 a year, and hurricane/hazard insurance around $1,800. Total: $11,000. Healthcare at 65-plus: Medicare Part B at the $202.90 standard premium, a Medigap plan, and Part D. Budget $5,500 a year per person. If the pension arrives before 65, add an ACA bridge of roughly $8,000 to $12,000 depending on income. Food: Hawaii runs meaningfully above mainland grocery pricing. A USDA moderate plan translates to roughly $8,000 a year for one, $14,000 for two. Electricity and utilities: HECO rates are the highest in the country. Plan on $3,600 a year for a small condo. Transportation: One older car, insurance, registration, and gas well above the $3.85 national average. Around $4,500. Miscellaneous and reserves: Home maintenance, one flight to the mainland a year, gifts, replacement appliances, personal spending. $8,000 is the realistic floor. A single retiree on Oahu with the mortgage gone needs roughly $40,000 to $45,000 a year. A couple runs closer to $58,000. The BLS average U.S. household spends $78,535 a year, so this is a disciplined budget recalibrated for island pricing.
Turning That Budget Into a Pension Number With a single pension as the only income source, there is no withdrawal-rate math. The pension either covers the budget or it does not. For a single retiree with a paid-off condo, the pension must deliver about $42,000 net of federal tax. For a couple, roughly $58,000 net.
The 2026 Social Security COLA of 2.8% is a useful reference for what a well-indexed benefit looks like. Most private pensions have no COLA at all. With CPI at 332.6 and running 10.399 points higher over the last twelve months, a flat pension loses real ground fast. A $45,000 unindexed pension today is roughly $30,000 in purchasing power twenty years in. That is the risk that quietly ends this plan for people who assumed the check would keep up.
The Hawaii Pension Exemption That Changes the Answer Hawaii does not tax the employer-funded portion of a qualified pension. A teacher’s pension from CalPERS, a firefighter’s pension from a mainland municipality, a Boeing (NYSE:BA | BA Price Prediction) or utility pension, a federal CSRS or FERS annuity: the employer-contributed portion is exempt from Hawaii income tax. Only the piece attributable to personal contributions is taxable at the state level. For a retiree whose entire income is a defined-benefit pension, the effective Hawaii income tax bill is often close to zero, even though Hawaii ranks 46th on the individual income tax component of the State Tax Competitiveness Index and carries the second-highest adjusted state-and-local burden in the country at $10,006 per capita.
The General Excise Tax runs 4% statewide and 4.5% on Oahu, hitting services, rent, medical, and groceries. Hawaii collects on the spending side of a pensioner’s life rather than the income side. A retiree pulling from a 401(k) in Hawaii pays ordinary state income tax on those withdrawals. A retiree living on the same dollar amount from a pension pays almost nothing on the income and then pays GET on the outflow. For anyone weighing whether to roll a pension into a lump sum, the exemption is a real reason to keep the annuity form.
Property tax reinforces this. Honolulu’s owner-occupant rate is among the lowest in the country, and the senior homeowner exemption knocks assessed value down further. The state punishes consumption and rewards ownership, which fits a paid-off retiree living quietly on a fixed check.
What It Actually Takes Hawaii on nothing but a single pension works inside a narrow window. The pension must be at least $45,000 a year gross for a single retiree, or closer to $65,000 for a couple, and the home must be owned outright before the first check clears. The pension needs a COLA, or the plan fails around year fifteen. And the retiree must be the kind of pensioner Hawaii’s tax code was written for: an employer-funded defined benefit, taken as an annuity, claimed as exempt on the state return every year. Miss any of those pieces and the answer changes. Hit all of them, and the single pension is genuinely enough.
Contact [email protected] for any questions or corrections.
Additional Boeing 737-800BCF aircraft expand the airline's freighter fleet to nine, providing greater aircraft allocation flexibility More capacity provides communities increased reliability for critical goods while expanding the carrier's international shipping opportunities Cargo growth advances the company's Alaska Accelerate strategic plan, delivering $150 million of new annual profit , /PRNewswire/ -- Alaska Airlines, Inc. today announced it is entering into long-term lease agreements to add four 737-800 Boeing Converted Freighter (BCF) aircraft to its dedicated cargo fleet, increasing the carrier's 737 freighter fleet from five to nine aircraft.
The four additional freighters will effectively double the capacity of our freighter fleet, while injecting more reliability into cargo service for communities we serve and providing more flexibility in aircraft allocation across the airline's cargo network.
Alaska Airlines, Inc. doubles cargo capacity with addition of four freighters The freighters are expected to enter service in the first half of 2027 and will be dedicated to the states of Alaska and Hawai'i, with the plan to paint Hawai'i-based cargo aircraft in Hawaiian Air Cargo livery.
These additional freighters help strengthen the network that connects communities across the states of Alaska and Hawai'i to the contiguous U.S., and links them into Alaska's broader global cargo network. Added capacity in Hawai'i is also expected to benefit e-commerce and logistics industries by giving businesses increased reliability in moving goods.
"Alaska Air Cargo has two very important goals: supporting our communities and customers and connecting them to the world," said Ian Morgan, Vice President of Cargo at Alaska Airlines. "Expanding our cargo fleet with dedicated aircraft helps us accomplish both goals, opening up new international shipping opportunities for seafood and other commodities, while making sure we can reliably ship time-sensitive goods that our communities need, such as medicine, household supplies and groceries."
"Transportation has always been one of the biggest challenges for agriculture in Hawaiʻi," said Jayson Watts, Chair of the Hawaiʻi Agribusiness Development Corporation and a member of the Alaska Airlines and Hawaiian Airlines Hawaiʻi Community Advisory Board. "Having more dedicated cargo capacity gives our farmers and ranchers another reliable, consistent way to get fresh products to market. That's a win for local agriculture, a win for our communities, and a critical step toward building a stronger, more resilient food system."
Alaska Air Cargo's growth underscores its importance to diversifying Alaska's revenue base. As part of the Alaska Accelerate strategic plan, cargo is poised to deliver $150 million of new annual profit as we integrate the cargo operations of Alaska and Hawaiian and expand internationally out of Seattle.
As the only legacy passenger airline with a dedicated cargo fleet, Alaska Air Cargo carries more than 370 million pounds of cargo each year to more than 100 destinations across North America, Europe, Asia and the Pacific. The additional four 737-800 freighters represent a continued investment in fast, reliable shipping, while positioning the airline's cargo business for future growth.
About Alaska and Hawaiian Air Cargo
Alaska and Hawaiian Air Cargo together serve 110-plus destinations around the world with more than 1,300 daily flights. We offer a variety of reliable shipping products, a long history of cold-chain innovations and unmatched customer service throughout our shared network. Alaska Air Cargo is the only passenger airline in the U.S. with dedicated cargo planes, and our freighter fleet serves 19 communities across the state of Alaska. Our cargo teams also offer belly-cargo service on more than 400 passenger planes - including B787 and A330 widebody aircraft - serving the continental U.S., Canada, Hawai'i, Japan, South Korea, the South Pacific, Mexico and Europe.
About Alaska, Hawaiian and Horizon
Alaska Airlines, Hawaiian Airlines and Horizon Air are subsidiaries of Alaska Air Group, and McGee Air Services is a subsidiary of Alaska Airlines. We are a global airline with hubs in Seattle, Honolulu, Portland, Anchorage, Los Angeles, San Diego and San Francisco. We deliver remarkable care as we fly our guests to more than 140 destinations throughout North America, Latin America, Asia, the Pacific and Europe. Guests can book travel at alaskaair.com and hawaiianairlines.com. Alaska and Hawaiian are members of the oneworld alliance. Members of our Atmos Rewards loyalty program can earn and redeem points with oneworld airlines and our additional global partners that serve over 1,000 worldwide destinations. Learn more about what's happening at Alaska and Hawaiian at news.alaskaair.com. Alaska Air Group is traded on the New York Stock Exchange (NYSE) as "ALK."
Wall Street expects a year-over-year increase in earnings on higher revenues when Boeing (BA - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 28. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis airplane builder is expected to post quarterly loss of $0.24 per share in its upcoming report, which represents a year-over-year change of +80.7%.
Revenues are expected to be $24.03 billion, up 5.7% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 573.35% lower 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 an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
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. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
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 lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -67.24%.
On the other hand, the stock currently carries a Zacks Rank of #3.
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$0.95 per share when it actually produced a loss of -$0.20, delivering a surprise of +78.95%.
Over the last four quarters, the company has beaten consensus EPS estimates two times.
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.
An Industry Player's Expected ResultsAnother stock from the Zacks Aerospace - Defense industry, RTX (RTX - Free Report) , is soon expected to post earnings of $1.66 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of +6.4%. Revenues for the quarter are expected to be $22.83 billion, up 5.8% from the year-ago quarter.
The consensus EPS estimate for RTX has been revised 0.1% lower over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +2.02%.
When combined with a Zacks Rank of #2 (Buy), this Earnings ESP indicates that RTX will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
SummaryBoeing (BA) demonstrated stable net order inflow in June, booking 113 net orders valued at $7.3 billion, with strong single-aisle demand. BA's delivery cadence is improving, with 64 aircraft delivered in June and year-to-date deliveries up 12%, reflecting more sustainable, output-based production. Key operational milestones include ramping up 737 MAX and 787 production, inaugurating a fourth 737 MAX line, and progressing on MAX 7, MAX 10, and 777X certifications. Book-to-bill ratios above 1x signal robust demand, but focus remains on converting backlog to deliveries and achieving pre-crisis output levels. Looking for more investing ideas like this one? Get them exclusively at The Aerospace Forum. Learn More » Jon Tetzlaff/iStock Editorial via Getty Images
Boeing (BA) has kicked off the Farnborough Airshow with 140 orders and commitments while keeping the 20-year demand forecast steady despite lower traffic growth expected this year. The US jet maker is
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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, /PRNewswire/ -- AerCap Holdings N.V. ("AerCap") (NYSE: AER) today announced that it has placed a direct order for 15 Boeing 787-9 Dreamliners, which will increase AerCap's fleet of 787 aircraft to approximately 140. The announcement was made at the 2026 Farnborough International Air Show. The aircraft are scheduled for delivery through 2033.
AerCap has selected GE Aerospace's GEnx-1B engines to power the 15 Boeing 787 aircraft.
The agreement includes substitution rights to the Boeing 787-10 Dreamliner, providing AerCap with the flexibility to switch to the larger aircraft variant as it seeks to meet the evolving needs of its customers.
"The addition of these 15 Boeing 787 aircraft to our fleet further strengthens our position as the world's largest owner of 787 aircraft," said Aengus Kelly, CEO of AerCap. "As demand for modern, fuel-efficient widebody aircraft continues to grow, this transaction enables us to provide our customers with greater access to one of the industry's most versatile and sought-after aircraft families, powered by the proven GEnx platform. The 787 has consistently demonstrated strong operating economics and exceptional performance across a wide range of route networks."
"AerCap's continued investment in the 787 Dreamliner family underscores the airplane's role in enabling long-haul connectivity and superior economics for airlines," said Stephanie Pope, president and CEO of Boeing Commercial Airplanes. "We deeply value this partnership and look forward to supporting AerCap and its customers as they open and sustain new long-haul routes to further connect the world."
Edward Walsh, U.S. Ambassador to Ireland, said, "Today's announcement underscores the strength of the economic relationship between the United States and Ireland, and the deep partnership between AerCap and Boeing. This order for Boeing 787 Dreamliners is a vote of confidence in U.S. aerospace innovation and supports high-quality jobs across the American manufacturing sector. It also reflects AerCap's leadership in global aviation leasing and its commitment to providing efficient, sustainable aircraft solutions to airlines worldwide. As Ambassador, one of my priorities has been to ensure that Ireland benefits from cutting-edge American products, technology, and innovation. I look forward to continuing to work with AerCap to realize the potential of our relationship."
About AerCap
AerCap is the global leader in aviation leasing with one of the most attractive order books in the industry. AerCap serves approximately 300 customers around the world with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and is headquartered in Dublin with offices in Shannon, Memphis, Singapore, Miami, London, Dubai, Shanghai, Amsterdam and other locations around the world.
About Boeing
As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing's diverse team is committed to innovating for the future and living the company's core values of safety, quality and integrity. Learn more at www.boeing.com.
Forward-Looking Statements
This press release contains certain statements, estimates and forecasts with respect to future performance and events. These statements, estimates and forecasts are "forward-looking statements". In some cases, forward-looking statements can be identified by the use of forward-looking terminology such as "may," "might," "should," "expect," "plan," "intend," "will," "aim," "estimate," "anticipate," "believe," "predict," "potential" or "continue" or the negatives thereof or variations thereon or similar terminology. All statements other than statements of historical fact included in this press release are forward-looking statements and are based on various underlying assumptions and expectations and are subject to known and unknown risks, uncertainties and assumptions, and may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied in the forward-looking statements, including but not limited to the availability of capital to us and to our customers and changes in interest rates; the ability of our lessees and potential lessees to make lease payments to us; our ability to successfully negotiate flight equipment (which includes aircraft, engines and helicopters) purchases, sales and leases, to collect outstanding amounts due and to repossess flight equipment under defaulted leases, and to control costs and expenses; changes in the overall demand for commercial aviation leasing and aviation asset management services; the impact of the conflict in the Middle East, including the Iran conflict, and any escalation thereof, on the aviation industry or our business; the continued impacts of the Ukraine Conflict, including the resulting sanctions by the United States, the European Union, the United Kingdom and other countries, on our business and results of operations, financial condition and cash flows; the effects of terrorist attacks on the aviation industry and on our operations; the economic condition of the global airline and cargo industry and economic and political conditions; trade tensions, including actual or threatened U.S. tariffs and retaliatory measures by some countries, and the resulting geopolitical uncertainty; development of increased government regulation, including travel restrictions, sanctions, regulation of trade and the imposition of import and export controls, tariffs and other trade barriers; a downgrade in any of our credit ratings; competitive pressures within the industry; regulatory changes affecting commercial flight equipment operators, flight equipment maintenance, engine standards, accounting standards and taxes; and disruptions and security breaches affecting our information systems or the information systems of our third-party providers.
As a result, we cannot assure you that the forward-looking statements included in this press release will prove to be accurate or correct. These and other important factors and risks are discussed in AerCap's annual report on Form 20-F and other filings with the United States Securities and Exchange Commission. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this press release might not occur. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise.
For more information regarding AerCap and to be added to our email distribution list, please visit www.aercap.com.
AerCap is the world's largest owner of 787 Dreamliner jets Agreement includes substitution rights for the 787-10, giving AerCap customers more capacity and operational flexibility , /PRNewswire/ -- Boeing [NYSE: BA] and AerCap today announced that the leasing industry's biggest 787 Dreamliner customer placed a new order for 15 787-9 jets. This latest purchase increases AerCap's 787 Dreamliner portfolio to approximately 140 airplanes.
The agreement includes substitution rights for the 787-10, giving AerCap the flexibility to switch to the larger 787 Dreamliner variant that delivers more capacity and new opportunities for its airline customers.
Boeing and AerCap today announce that the leasing industry’s biggest 787 Dreamliner customer placed a new order for 15 787-9 jets. "The addition of these 15 Boeing 787 Dreamliner airplanes to our fleet further strengthens our position as the world's largest owner of 787 jets," said Aengus Kelly, CEO of AerCap. "As demand for modern, fuel-efficient widebody airplanes continues to grow, this transaction enables us to provide our customers with greater access to one of the industry's most versatile and sought-after airplane families. The 787 has consistently demonstrated strong operating economics and exceptional performance across a wide range of route networks."
AerCap's 787 Dreamliner fleet portfolio is attractive to airlines seeking to renew their fleets and achieve their sustainability goals. As the largest member of the 787 Dreamliner family, the 787-10 will boost an airline's capacity with 50 more seats than the 787-9, while reducing fuel use and emissions by 25% compared to the airplanes it replaces. As airlines deal with near-term macro-economic uncertainties, AerCap's extensive portfolio helps customers to grow or replace older widebody airplanes without committing to direct purchases.
"AerCap's continued investment in the 787 Dreamliner family underscores the airplane's role in enabling long-haul connectivity and superior economics for airlines," said Stephanie Pope, president and CEO of Boeing Commercial Airplanes. "We deeply value this partnership and look forward to supporting AerCap and its customers as they open and sustain new long-haul routes to further connect the world."
AerCap was the first lessor to take delivery of the 787 Dreamliner in 2013. The 787 Dreamliner has since become the standard for new generation widebody airplanes, opening more than 540 new nonstop routes between city pairs that were never previously served and carrying more than 1.3 billion passengers since entering service.
About AerCap
AerCap is the global leader in aviation leasing with one of the most attractive order books in the industry. AerCap serves approximately 300 customers around the world with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and is headquartered in Dublin with offices in Shannon, Memphis, Miami, Singapore, London, Dubai, Shanghai, Amsterdam and other locations around the world.
About Boeing
A leading global aerospace company and top U.S. exporter, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. Our U.S. and global workforce and supplier base drive innovation, economic opportunity, sustainability and community impact. Boeing is committed to fostering a culture based on our core values of safety, quality and integrity.
Purchase of eight 737 MAX and 787 Dreamliner airplanes will renew and grow the African carrier's fleet Uganda Airlines will boost capacity and serve more markets to meet rising travel demand from east African region , /PRNewswire/ -- Boeing [NYSE: BA] and Uganda Airlines announced today that the national carrier is ordering four 737-8 and four 787-9 airplanes to grow and modernize its fleet. The airline's first-ever Boeing airplane purchase will support growing demand across its regional and international network.
Uganda Airlines Places First Boeing Order for 737 MAX and 787 Dreamliner Jets. "This commitment with Boeing marks a defining step in Uganda Airlines' growth journey and in our broader ambition to position Entebbe as a strategic aviation hub for the region," said Ato Girma Wake, Uganda Airlines CEO. "The aircraft will strengthen our ability to connect Uganda more efficiently to regional, continental and international markets, while supporting trade, tourism, investment and cargo development."
The 737-8, which can fly 160-180 passengers in a two-class configuration with a range up to 3,500 nautical miles (6,480 km), is well-suited for Uganda Airlines' intra-Africa routes and service to the Middle East and India. With a range up to 8,300 nautical miles (15,370 km), the 787-9 will support the airline's high-demand long-haul routes to the Middle East, Asia and Europe.
"We're pleased to welcome Uganda Airlines as a Boeing customer and support the airline's next phase of growth with the 737-8 and 787-9," said Brad McMullen, Boeing senior vice president of Commercial Sales and Marketing. "These airplanes offer efficiency, range and versatility to help Uganda Airlines strengthen and expand its network."
Together, the 737 MAX and 787 Dreamliner will enable Uganda Airlines to serve more destinations while reducing fuel use by 20-25% compared to the airplanes they replace.
"Just as importantly, this partnership brings together Uganda Airlines and Boeing in a long-term relationship focused not only on fleet growth, but also on technical excellence, training and capacity building," added Wake. "We are proud to celebrate this milestone at Farnborough as we invest in the future of our national carrier and in Uganda's economic transformation."
The airline currently flies to 17 destinations in 13 countries from its hub in Entebbe, Uganda.
About Uganda Airlines
Uganda Airlines is Uganda's national carrier, a full-service passenger and cargo carrier that began operations in 2019. It provides scheduled air transportation services in East Africa, the Middle East, Asia and Europe. For more information about the Company, visit: https://ugandairlines.com
About Boeing
A leading global aerospace company and top U.S. exporter, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. Our U.S. and global workforce and supplier base drive innovation, economic opportunity, sustainability and community impact. Boeing is committed to fostering a culture based on our core values of safety, quality and integrity.
Item 1 of 2 A Boeing logo is seen before the opening of the 55th International Paris Airshow at Le Bourget Airport near Paris, France, June 13, 2025. REUTERS/Benoit Tessier/File Photo
[1/2]A Boeing logo is seen before the opening of the 55th International Paris Airshow at Le Bourget Airport near Paris, France, June 13, 2025. REUTERS/Benoit Tessier/File Photo Purchase Licensing Rights, opens new tab
SummaryCompaniesBoeing asked the USTR to seek full loan terms and compatibility with the 2021 truceThe European Investment Bank announced an initial €1 billion tranche on June 29The EIB said the Airbus financing was a normal interest-bearing loanFARNBOROUGH, England, July 21 (Reuters) - Boeing (BA.N), opens new tab has asked the U.S. government to press the European Union for transparency over a €3 billion ($3.43 billion) loan package to Airbus, resurfacing potential trade tensions after the two sides extended a tariff truce over jet subsidies.
The request for the U.S. government to intervene comes as Airbus (AIR.PA), opens new tab has been talking about the development of a new plane as early as 2030, potentially kickstarting a new wave of competition in the global jet market.
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Both sides won partial victories in a 17-year battle at the World Trade Organization over mutual claims of aircraft subsidies that led to a wave of Transatlantic tariffs hitting other industries, before agreeing a five-year truce in 2021.
The truce, which was set to expire on July 6, has been extended indefinitely as both sides draw back from a renewed trade war in aerospace.
In a letter to U.S. Trade Representative Jamieson Greer, seen by Reuters, Boeing said it had been surprised by a June 29 announcement from the European Investment Bank, the EU lending arm, committing to its largest-ever corporate loan for Airbus.
It asked the USTR to request a "full accounting of the terms of this loan" from the EU and to explain why it was compatible with the 2021 truce agreement, which called for an "open and transparent process".
Boeing noted that the announcement, which included an initial tranche of €1 billion, came just four days after the EU adopted the decision to extend the standstill agreement.
"At a minimum, the timing of this loan is surprising," Boeing said in its letter.
The EIB said it finances thousands of companies every year and denied offering Airbus any unusual support.
"This is a normal loan, carrying interest, part of the EIB's overall financing activity," a spokesperson said.
Airbus and Boeing declined comment.
The USTR and European Commission did not immediately respond to requests for comment.
AIRPLANE DEVELOPMENTSIn its loan announcement, the EIB said the package of loans would support Airbus' long-term investments through 2030.
Boeing noted that this is the same year in which Airbus CEO Guillaume Faury has said Airbus plans to begin the development of an A320neo successor.
In an interview with Aviation Week ahead of the Farnborough Airshow, Faury spoke of a new plane in 2030 and disclosed the internal code word for the project, "eAction".
"The timing of this significant loan also coincides with Airbus leadership remarks publicly committing to a launch date of a new airplane, which further raises questions about both the size and the intent of this historic economic assistance package," Boeing's letter to the USTR said.
Boeing has said market conditions are not yet right for a new generation of planes, although analysts say both companies are expected to start the next developments by mid-decade.
Boeing's letter underscores wariness over funding on both sides, though tensions have eased considerably since the WTO subsidy battle.
The Trump administration last year agreed to exempt airplanes and parts from tariffs after briefly imposing duties on aviation last year.
Washington has not officially said it is extending the separate truce on tariffs tied to the Airbus-Boeing dispute, but four people familiar with the matter said both sides had effectively buried the marathon WTO dispute for the time being.
While the Trump administration has repeatedly used tariffs, it is seen as reluctant to make use of WTO tools that would implicitly recognize multilateral rules the president opposes.
Trump called this month for talks with trading partners to address the impact of foreign jet imports.
Boeing's concerns about the EU loan to Airbus could also be raised in those talks, a U.S. official told Reuters. European sources say similar loans were cleared in the WTO dispute.
($1 = 0.8754 euros)
Reporting by Tim Hepher, David Shepardson; Editing by Sharon Singleton
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Luxembourg's national airline converts two 737-10 options into firm orders New agreement increases Luxair's firm order book to twelve 737 aircraft and adds two further options , /PRNewswire/ -- Boeing [NYSE: BA] and Luxair, the national airline of the Grand Duchy of Luxembourg, today announced that the airline has converted two options for the Boeing 737-10 into firm orders and secured options for two additional 737-10 aircraft.
Boeing and Luxair, the national airline of the Grand Duchy of Luxembourg, announce that the airline has converted two options for the Boeing 737-10 into firm orders and secured options for two additional 737-10 aircraft. "This agreement represents another important milestone in the execution of our long-term fleet strategy," said Gilles Feith, CEO of Luxair. "As we continue to grow, delivering an outstanding passenger experience remains at the heart of every fleet decision we make. The Boeing 737-10 provides the additional capacity, operational efficiency and flexibility we need to support future demand while maintaining the high standards of quality, comfort and service our customers expect from Luxair."
"With 20 percent lower fuel use and emissions compared with the aircraft they replace, these aircraft also support our ambition to further reduce our environmental footprint while strengthening Luxembourg's connectivity," added Feith. "At the same time, the additional purchase rights preserve valuable strategic flexibility, allowing us to adapt our fleet in line with future market developments and customer demand."
Following its 2024 order for two Boeing 737-10 aircraft, Luxair has now converted two options into firm orders. Once all firm orders have been delivered, Luxair's Boeing 737 fleet will comprise of twelve aircraft: eight Boeing 737-8s and four Boeing 737-10s.
Together with the additional options, the agreement provides the airline with the flexibility to support future growth while benefiting from the fleet commonality and operational efficiencies of the Boeing 737 family.
The 737-8 and 737-10 will reduce fuel use and emissions by 20 percent compared with the airplanes they replace. On average, each new-generation 737 will save up to 8 million pounds of CO₂ emissions annually.
The reduction in noise generated during take-offs and landings is another important area of environmental performance for the 737-8 and 737-10, particularly for people working at airports and communities in the surrounding areas. The 737-10 has the best per-seat economics of any single-aisle airplane, seating up to 230 passengers with a range of 3,100 nautical miles (5,740 km).
"Both the 737-8 and 737-10 are perfectly suited across Luxair's network, increasing capacity on to its regional routes, comfortably serving more passengers on more routes with the lowest cost per seat of any single-aisle airplane," said Ricardo Cavero, Boeing vice president, Europe and Israel Commercial Sales and Marketing. "With the selection of the 737-8 and 737-10, Luxair is building a more profitable and sustainable operation."
The 737-10 aircraft, configured with 213 seats, will support growing demand on high-density leisure and business routes while further enhancing Luxair's onboard offering.
The Boeing Sky Interior will feature redesigned seats with a seat pitch of 76 cm, USB-C charging at every seat and wireless in-flight entertainment accessible via passengers' personal devices. Powered by latest-generation CFM LEAP-1B engines, the aircraft will combine greater capacity with operational efficiency, a quieter cabin and a high level of passenger comfort.
About Luxair
Founded in 1961, Luxair is a key player in the economy of Luxembourg and the surrounding Greater Region. Luxair offers direct, convenient and reliable connections to more than 100 destinations across Europe and beyond, transporting over 2.6 million passengers in 2025. The airline combines a broad network from Luxembourg with high service standards, flexibility for business travel and quality leisure travel experiences.
Through its Luxairtours division, Luxair offers holiday packages designed to provide a smooth and enjoyable travel experience. As the main airport service provider at Luxembourg Airport, Luxair also manages passenger assistance and aircraft handling services. Its Catering division is responsible for preparing fresh inflight meals and ensuring their timely delivery on board.
In 2026, Luxair began integrating new-generation aircraft into its fleet, with a focus on reducing emissions, improving operational efficiency, and enhancing the passenger experience.
Luxair is committed to a distinctive social model, combining competitive pricing, high service standards and attractive working conditions. By fostering a responsible and sustainable business environment, Luxair remains a strong regional leader, deeply rooted in its community.
About Boeing
A leading global aerospace company and top U.S. exporter, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. Our U.S. and global workforce and supplier base drive innovation, economic opportunity, sustainability and community impact. Boeing is committed to fostering a culture based on our core values of safety, quality and integrity.
Boeing and Airbus are starting to map out the next generation of narrow-body aircraft, but the world's two dominant planemakers say their airline customers are more concerned with getting today's jets delivered than pressing for all-new models.
Boeing CEO Kelly Ortberg said Monday that the company still needs "a couple more years" to put its finances in a position to support a new commercial aircraft program.
Airbus CEO Guillaume Faury, meanwhile, said the European manufacturer is targeting the launch of a next-generation single-aisle program around 2030, with entry into service in the second half of the following decade.
While the two CEOs struck different tones, they pointed to broadly similar timeframes.
Airbus has publicly attached a target year to launch its next aircraft. Boeing is indicating that it could be financially capable of moving on a similar horizon, while preserving the option to wait if the technology or market case is not strong enough.
"We think about three things that have to happen," Ortberg told CNBC's Phil LeBeau. "First of all, we have to be ready, and part of that is getting our financial house in order, and we're working on that. It's going to take a couple more years to get where we want to be."
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The technology also has to be ready, he said, and airline customers must be ready to move on from Boeing's current product line.
"The market's got to be ready. Right now, the customers are telling me, 'focus on your existing product line, we really want to see better maturity of the existing product line before we move to a new airplane.'"
It comes as aircraft manufacturers experience persistent production bottlenecks across the industry. Boeing is trying to increase 737 Max output and is still reeling from a series of production and quality issues and a near-catastrophic blowout of a fuselage door plug in January 2024.
Airbus has said engine availability, particularly from Pratt & Whitney, forced it to adjust production plans for this year and next, although Faury said the situation had stabilized.
Faury said Airbus is focused on ramping production and delivering aircraft already on order even as it prepares its next generation of commercial aircraft.
"We're a long-term industry," Faury said. "It takes time to prepare the technologies, to launch a program for the product, for the production system, [to] enter into service with the certification, do the ramp up."
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Faury said Airbus is preparing its next-generation single-aisle aircraft and wants to maintain its lead in that market. The company is targeting a program launch around 2030 and entry into service in the second half of the 2030s.
For both manufacturers, however, increasing production and delivering existing orders remain the more immediate tasks.
Aircraft deliveries in focusRBC Capital Markets analysts said last week that investors are focused on Boeing's ability to increase production of the 737 Max and 787, complete certification of the Max 7 and Max 10, improve margins, and generate cash.
"The primary focus for investors will remain on the state of the supply chain and delivery schedules," the analysts wrote in a note to clients.
The same appears to be true for Airbus. RBC said investors were looking for a clearer path to Airbus's A320 and A350 production goals after the company's stronger second-quarter deliveries boosted confidence in its full-year target.
Airbus has a backlog of over 9,000 aircraft, and demand continues to outpace available supply. Airbus booked 51 A320neo orders in June, while second-quarter delivery growth was driven almost entirely by the A320 family, according to Jefferies analysts.
Jefferies said Airbus's growing delivery volume of A320-family aircraft – 190 in the second quarter – is expected to drive a significant improvement in earnings. Airbus reports deliveries on a monthly basis and will publish its quarterly earnings report next week.
At Boeing, the focus remains on completing the current 737 Max family.
Jefferies said on Sunday that certification work on the 737 Max-7 and Max-10 was 95% and 98% complete, respectively. The Max-10 had 1,533 aircraft on order, accounting for roughly a third of Boeing's 737 backlog.
Ortberg said on Monday that the 737 Max-7 certification with the FAA is expected "very shortly" and would mark a critical milestone, as it would be the first new airplane the FAA has certified in a long time.
Boeing has also invested about $1 billion in a fourth 737 Max production line in Everett, Washington, which will eventually allow the company to raise production beyond the capacity of its three existing Renton lines.
That suggests investors and airline customers are broadly aligned: both want the manufacturers to execute on the aircraft already promised.
While both Boeing and Airbus work through large order backlogs and production constraints, airlines continue to add capacity using existing aircraft models.
Ryanair, Boeing's largest customer outside of the U.S., Chief Financial Officer Neil Sorahan said Monday that the delivery of the last aircraft in its current order of Boeing 737 Max 8-200 jets helped Ryanair expand its fleet to just under 650 aircraft and grow first-quarter traffic by 6%.
The airline expects passenger numbers to grow about 4% this year to 216 million, Sorahan told CNBC's "Squawk Box."
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While neither manufacturer appears to be under intense pressure from customers to move faster, work on the next-generation aircraft continues.
The eventual successors to Boeing's 737 Max and Airbus' A320neo families may shape competition in the industry's largest commercial aircraft market for decades. But before Boeing and Airbus compete over tomorrow's narrow-body aircraft, both still have to deliver on today's orders.
Emirates expects Boeing's 777-9 aircraft to be delivered in the second quarter of next year, the airline's President Tim Clark told journalists on Tuesday, as the delayed widebody jet moves closer to certification.
All-Boeing freighter operator will add five 777-8 Freighters to its 777 Freighter fleet MSC Air Cargo seeks to capitalize on resilient air cargo demand with newest generation widebody freighters , /PRNewswire/ -- Boeing [NYSE: BA] and MSC Air Cargo today announced that the fast-growing air cargo operator has purchased five 777-8 Freighters.
The previously unidentified order is MSC Air Cargo's first for the 777-8 Freighter. The 777-8 Freighter will be the industry's most capable twin-engine freighter, incorporating advanced technologies as a member of the 777X family and customer-preferred features from the current generation 777 Freighter.
Boeing and MSC Air Cargo announced that the fast-growing air cargo operator has purchased five 777-8 Freighters. The previously unidentified order is MSC Air Cargo’s first for the 777-8 Freighter. "With this order, we are investing in the long-term future of MSC Air Cargo and in the customers we serve," said Jannie Davel, CEO of MSC Air Cargo. "The 777-8 Freighter gives us the efficiency, range and capacity to serve our customers reliably for years to come, while advancing our commitment to more sustainable operations. It is the right aircraft for the next stage of our growth."
The 777-8 Freighter offers the highest payload and the lowest fuel use, emissions and operating cost per tonne of any large freighter. Widebody freighters fly approximately 75 percent of global air cargo capacity. The air freight sector is expected to play a crucial role in the decades ahead as e-commerce continues to grow.
"MSC Air Cargo is investing in its future with this order for large widebody freighter aircraft that will further enhance the capability and reach of its global air network," said Brad McMullen, Boeing senior vice president of Commercial Sales and Marketing. "The 777-8 Freighter will be the most efficient aircraft in its class and will connect MSC Air Cargo's hubs to key international markets."
Boeing has booked more than 80 orders for the 777-8 Freighter and MSC Air Cargo is the third Europe-based air cargo operator to order the airplane.
About MSC Air Cargo
MSC Air Cargo is a subsidiary of MSC Group, a global leader in transportation and logistics. Committed to delivering innovative and tailored airfreight solutions, MSC Air Cargo operates a modern fleet of Boeing 777-200 Freighters, serving key markets and destinations across Europe, the Americas, and Asia. With a focus on customer satisfaction and operational excellence, MSC Air Cargo is dedicated to shaping the future of air cargo logistics. For more information, visit mscaircargo.com
About Boeing
A leading global aerospace company and top U.S. exporter, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. Our U.S. and global workforce and supplier base drive innovation, economic opportunity, sustainability and community impact. Boeing is committed to fostering a culture based on our core values of safety, quality and integrity.
Boeing CEO Kelly Ortberg said the global aerospace company has begun early work on a possible new airplane design but is not yet ready to move forward.
Ortberg, who became president and CEO in August 2024, said Boeing is spending "time and money" evaluating its options and preparing to introduce a new design when the company is ready, according to The Wall Street Journal.
"We don’t have a firm configuration right now," Ortberg said ahead of the Farnborough International Airshow near London. "We’re evaluating trade studies. You create a baseline, and you evaluate things against the baseline, and then you change."
TRUMP ANNOUNCES CHINA WILL BUY 200 BOEING JETS AFTER XI TALKS: ‘A LOT OF JOBS’
Boeing CEO Kelly Ortberg speaks during a media event at the company’s delivery center in Seattle on Jan. 7, 2026. (M. Scott Brauer/Bloomberg via Getty Images)
Before launching a new airplane, Boeing wants to improve its finances, develop the necessary technology and deliver aircraft that are already behind schedule, Ortberg said.
"Certainly, getting our financial house in order is a part of our being ready," Ortberg said. "That’s going to take another couple years."
Boeing is currently focused on delivering delayed models, including its long-awaited 777X wide-body jet, The Wall Street Journal reported.
UPS SAYS BOEING GUIDANCE LED CARRIER NOT TO ADOPT ENHANCED MD-11 INSPECTIONS BEFORE FATAL CRASH
The Boeing Co. chalet is seen at the Farnborough International Airshow in Farnborough, England, on July 20, 2026. (Betty Laura Zapata/Bloomberg via Getty Images)
"Orders are not our challenge," Ortberg said. "Our challenge is getting these orders delivered."
Boeing also kept the 777X in the U.S. rather than conducting demonstration flights at the Farnborough airshow while the aircraft awaits Federal Aviation Administration (FAA) certification, according to The Wall Street Journal.
The FAA could approve Boeing’s 737 MAX 7 as soon as late July. Ortberg said he expects the larger MAX 10 to follow not long afterward, the outlet reported.
Stocks In This Article: AIRLINES WARN CHANGING DAYLIGHT SAVING TIME WOULD DISRUPT SCHEDULING
The Boeing logo is displayed outside the company’s chalet at the Farnborough International Airshow in Farnborough, England, on July 20, 2026. (Betty Laura Zapata/Bloomberg via Getty Images)
Ortberg said airline customers want Boeing to focus on improving production and reliability across its current lineup before introducing a new jet, according to CNBC.
Boeing and Airbus dominate the large commercial aircraft market, and a future Boeing airplane could help the company compete with Airbus’ A320 family, the outlet reported.
The comments come as Boeing adds to its order book. In May, President Donald Trump said Chinese President Xi Jinping had agreed to order 200 Boeing jets during a high-level meeting in Beijing.
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Boeing could not immediately be reached by FOX Business for comment.
Airplane miniature is placed on displayed AerCap logo in this illustration March 8, 2023. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
FARNBOROUGH, England, July 20 (Reuters) - Leasing giant AerCap (AER.N), opens new tab is set to place an order for 15 Boeing (BA.N), opens new tab 787 jets, two industry sources said on Monday.
Dublin-based AerCap, which is the world's largest owner of Boeing's newest long-haul plane in service, is expected to announce the order during the Farnborough Airshow, they said.
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Boeing referred queries to AerCap, which did not immediately respond to a request for comment. Bloomberg reported on Sunday that AerCap could order as many as 15 of the jets.
Reporting by Tim Hepher
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Boeing (BA), the U.S. aircraft manufacturer, has secured the first standout order at the Farnborough International Airshow as SMBC Aviation Capital, an aircraft
Boeing (BA), a major U.S. commercial aircraft manufacturer, expects it may need until around the end of the 2030s to bring its next-generation single-aisle jet
SpaceX’s Massive Valuation DropInvestor Sentiment and Market Reactions SpaceX’s stock has dropped nearly 40% from its post-IPO high, raising questions about investor focus and timeline. Despite the selloff, some analysts argue that investors may be asking the wrong questions about SpaceX’s long-term potential and market positioning. SPCX Technical AnalysisSPCX is currently positioned well below its 20-day simple moving average, indicating a bearish trend. The stock’s price is 17.4% below this moving average, suggesting that traders should be cautious as the momentum remains weak.
The RSI sits at 31.98, which is considered neutral but has recently dipped into oversold territory on July 7, 2026. This oversold condition could imply a potential rebound, but traders should watch for confirmation before acting.
SPCX Stock Price Activity: SpaceX shares were down 2.37% at $121.05 at the time of publication on Monday, according to Benzinga Pro data.
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Boeing Co. Chief Executive Officer Kelly Ortberg discusses plans to ramp up production, demand and the outlook for artificial intelligence and robotics in aircraft manufacturing. Ortberg talks with Bloomberg's Guy Johnson at the Farnborough Airshow.
AIA Group Ltd trimmed its position in shares of The Boeing Company (NYSE:BA – Free Report) by 22.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,631 shares of the aircraft producer’s stock after selling 4,603 shares during the period. AIA Group Ltd’s holdings in Boeing were worth $3,111,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Boeing by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock valued at $15,413,227,000 after buying an additional 3,460,021 shares in the last quarter. Alyeska Investment Group L.P. boosted its position in shares of Boeing by 245.7% during the 4th quarter. Alyeska Investment Group L.P. now owns 2,252,450 shares of the aircraft producer’s stock worth $489,052,000 after acquiring an additional 1,600,909 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Boeing by 43.1% during the 4th quarter. Janus Henderson Group PLC now owns 3,907,876 shares of the aircraft producer’s stock worth $840,204,000 after acquiring an additional 1,176,074 shares in the last quarter. Viking Global Investors LP increased its holdings in shares of Boeing by 31.3% in the 4th quarter. Viking Global Investors LP now owns 3,953,087 shares of the aircraft producer’s stock valued at $858,294,000 after acquiring an additional 942,536 shares during the last quarter. Finally, Diamant Asset Management Inc. increased its holdings in shares of Boeing by 19,623.0% in the 1st quarter. Diamant Asset Management Inc. now owns 872,348 shares of the aircraft producer’s stock valued at $173,623,000 after acquiring an additional 867,925 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.
Analyst Ratings Changes BA has been the subject of several recent analyst reports. Citigroup boosted their target price on Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Weiss Ratings lowered shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Btg Pactual set a $260.00 price objective on shares of Boeing in a report on Tuesday, July 14th. Morgan Stanley boosted their price objective on shares of Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Finally, Wells Fargo & Company initiated coverage on shares of Boeing in a report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and a consensus price target of $261.53.
Read Our Latest Analysis on BA
Boeing News Roundup Here are the key news stories impacting Boeing this week:
Positive Sentiment: The FAA said Boeing can again self-certify airworthiness for its 737 MAX and 787 jets, restoring a key authority Boeing lost after the MAX crashes and signaling improving oversight trust. FAA returning ticketing authority to Boeing for 737 MAX, 787 planes Positive Sentiment: Reports also say Boeing is nearing certification milestones for the 737 MAX 7 and MAX 10, which could help unlock delayed deliveries and improve cash flow. Boeing nears key certification milestone for 737 Max 7 and Max 10 Positive Sentiment: Boeing delivered 64 jets in June and posted its strongest first half of deliveries since 2018, reinforcing the case that production and cash generation are improving. Boeing Delivered 64 Jets in June. Here’s What That Means for Its July 28 Earnings. Positive Sentiment: Boeing is also targeting a potential 100-jet SMBC deal, while broader airline demand headlines and upcoming air shows could support new order activity. Boeing Targets 100-Jet SMBC Deal as Airbus Battles for Major Order Neutral Sentiment: Analysts continue to rate Boeing as a “moderate buy,” but that view reflects ongoing execution progress rather than a near-term breakout catalyst. The Boeing Company (NYSE:BA) Given Average Recommendation of “Moderate Buy” by Brokerages Negative Sentiment: Competition remains a concern, as Airbus won major orders from Chinese airlines, highlighting Boeing’s continued weakness in a key international market. Airbus Wins Major Order from Air China to Firm Regional Hold Boeing Stock Up 0.2% Shares of NYSE BA opened at $214.38 on Monday. The stock has a market cap of $169.00 billion, a PE ratio of 104.07 and a beta of 1.21. The company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42. The Boeing Company has a 52-week low of $176.77 and a 52-week high of $254.35. The business has a 50-day moving average price of $221.83 and a 200 day moving average price of $224.79.
Boeing (NYSE:BA – Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.48. The firm had revenue of $22.22 billion for the quarter, compared to analysts’ expectations of $22.15 billion. During the same quarter in the prior year, the business earned ($0.49) EPS. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. Equities research analysts forecast that The Boeing Company will post -0.27 earnings per share for the current year.
Insider Activity In other Boeing news, Director Bradley D. Tilden bought 1,370 shares of the stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the transaction, the director owned 1,370 shares in the company, valued at approximately $299,345. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.10% of the company’s stock.
Boeing Profile (Free Report)
Boeing Company (NYSE: BA) is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.
Boeing’s principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.
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A Riyadh Air Boeing 787-9 Dreamliner is seen before the opening of the 55th International Paris Airshow at Le Bourget Airport near Paris, France, June 13, 2025. REUTERS/Benoit Tessier/File Photo Purchase Licensing Rights, opens new tab
FARNBOROUGH, England, July 20 (Reuters) - Saudi Arabia's Riyadh Air placed orders for 34 widebody aircraft with both Boeing (BA.N), opens new tab and Airbus (AIR.PA), opens new tab on Monday, as it accelerates its plans to reach more than 100 destinations by 2030.
The airline said it would exercise options for 28 Boeing 787 Dreamliners from an order placed in 2023 and convert 20 of those options into the larger 787-10 variant.
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Separately, the carrier confirmed the purchase of six Airbus A350-1000 aircraft, firming up previously held purchase rights and bringing its total confirmed A350-1000 orders to 31 aircraft.
The aircraft orders, the first announced at this year's Farnborough Airshow, come as Riyadh Air ramps up operations following the launch of several new routes since June, seeking to establish Riyadh as a major hub to compete with larger Middle Eastern rivals.
The carrier has already taken delivery of six 787-9 aircraft and currently serves six cities.
Backed by Saudi Arabia's sovereign wealth fund, Riyadh Air is central to the kingdom's strategy to diversify its economy beyond oil and boost tourism and connectivity under its Vision 2030 plan.
The carrier has said it aims to connect the Saudi capital to more than 100 destinations worldwide by the end of the decade.
Reporting by Shivansh Tiwary in Farnborough, England; Editing by Sharon Singleton
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A Boeing 737 MAX airplane lands after a test flight at Boeing Field in Seattle, Washington, U.S. June 29, 2020. REUTERS/Karen Ducey/File Photo Purchase Licensing Rights, opens new tab
SummaryCompaniesBoeing has already built about 30 MAX 7s awaiting delivery, according to CiriumThe MAX 10 accounts for at least 28% of outstanding MAX ordersFAA expects Boeing's 777X certification to follow the two MAX variantsFARNBOROUGH, England, July 20 (Reuters) - A senior Federal Aviation Administration official said on Monday that the agency expects to certify the Boeing (BA.N), opens new tab 737 MAX 7 and larger 10 soon, after an intensive review of the variants of the best-selling plane.
"Closer than ever before," Deputy FAA Administrator Chris Rocheleau told Reuters in an interview on the sidelines of the Farnborough Air Show. "I think the -7 is literally around the corner, and -10 right behind it."
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He also said he expects the Boeing 777X to be certified after the two MAX planes.
"Whether it's this year or earlier next year... we're kind of letting Boeing drive that when they bring us the right information and we work through it together."
Boeing said last week it is in the final stages of getting regulatory certification for an engine anti-ice system fix for its 737 MAX jetliner.
Boeing has already built about 30 MAX 7s and nine MAX 10s, which are awaiting delivery, according to aviation analytics firm Cirium. The MAX 10 accounts for at least 28% of outstanding MAX orders.
Certification of the MAX 7 and 10 is years behind schedule.
Boeing has faced a more stringent certification process following two fatal MAX 8 crashes in 2018 and 2019, as well as scrutiny of the company's production and quality systems after a January 2024 mid-air cabin panel blowout on a nearly new Alaska Airlines MAX 9.
FAA Administrator Bryan Bedford told Reuters last week the FAA and Boeing have improved work on certifying new planes.
"A lot of our difficulties timely responding to Boeing wasn't a resource challenge on the FAA. It was the fact that Boeing kept changing its priorities," he said.
Bedford said the FAA's workflows on Boeing certification have risen 35% to 40%.
"Boeing has a much more clear line of sight on how we can respond to their certification needs," Bedford said.
Reporting by David Shepardson; Editing by Kirsten Donovan and Sharon Singleton
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Agreement includes SMBC Aviation Capital's first-ever 737-10 order 737-10 order is single largest by a lessor , /PRNewswire/ -- Boeing [NYSE: BA] and SMBC Aviation Capital today announced that the global aviation finance platform and lessor has ordered 100 737 MAX airplanes, including 60 737-10 and 40 737-8 jets.
The 737-10 order represents SMBC Aviation Capital's first purchase for the 737 MAX family's highest capacity variant. With this order, SMBC Aviation Capital increases its owned, managed and committed to portfolio for the 737 MAX family to 450 jets.
Boeing and SMBC Aviation Capital today announced that the global aviation finance platform and lessor has ordered 100 737 MAX airplanes, including 60 737-10 and 40 737-8 jets. "This transaction represents a significant milestone for SMBC Aviation Capital and will ensure our airline customers have access to a long-term pipeline of new technology aircraft," said Peter Barrett, CEO of SMBC Aviation Capital. "Our partnership with Boeing spans over two decades and this order reflects market dynamics as our airline and investor customers look to upgauge to the 737-10. This order will support their growth ambitions well into the next decade and reflects our strong confidence in the Boeing 737 MAX and sustained demand for fuel-efficient, technologically advanced narrowbody aircraft."
The 737-10 has the best per-seat economics of any single-aisle airplane, seating up to 230 passengers with a range of 3,100 nautical miles (5,740 km). By selecting the 737-10, SMBC Aviation Capital will be able to meet strong market demand for larger single-aisle jets, diversify its asset mix and capture a new customer base.
"We are honored that the new and expanded team at SMBC continues to place its trust in Boeing and the 737 MAX family," said Stephanie Pope, president and CEO of Boeing Commercial Airplanes. "This commitment, including SMBC's first 737-10 order, reflects the strong demand we are seeing for the 737 MAX family's efficiency, reliability and versatility."
As global passenger traffic is forecast to grow 4% annually over the next two decades, lessors are increasingly looking to grow and diversify their single-aisle portfolios to provide airlines with more fuel-efficient jets capable of operating across a variety of route networks. Lessors have ordered more than 1,450 737 MAX jets, representing 20% of the 737 MAX backlog.
About SMBC
SMBC Aviation Capital is the leading global aviation finance platform, servicing a fleet of 1700 aircraft with more than 170 airlines globally. Benefiting from the strong support of its shareholders Sumitomo Mitsui Financial Group and Sumitomo Corporation, SMBC Aviation Capital has a high-quality global airline customer base with an owned portfolio comprising 80% new technology aircraft (by net book value). SMBC Aviation Capital has a strong capital position and holds an A- and BBB+ rating with S&P and Fitch respectively, reflecting the long-term strength of its business. For more information, please visit: https://www.smbc.aero/
About Boeing
A leading global aerospace company and top U.S. exporter, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. Our U.S. and global workforce and supplier base drive innovation, economic opportunity, sustainability and community impact. Boeing is committed to fostering a culture based on our core values of safety, quality and integrity.
Boeing CEO Kelly Ortberg tells CNBC's Phil LeBeau that the next-generation Air Force One jets will be among the most complex aircraft it has ever built. Ortberg also discusses the certification process for Boeing's new 737 Max variants, saying he believes their approval will help rebuild trust with regulators and bring the planes to market quickly.
Philippines flag carrier will grow its regional network with the 787-10 Airline to place its largest ever widebody order to support fleet modernization , /PRNewswire/ -- Boeing [NYSE: BA] and Philippine Airlines today announced the flag carrier has committed to order up to 20 787 Dreamliner jets. Once finalized, the agreement for 15 787-10 airplanes, with opportunity to purchase five more, will support Philippine Airlines' fleet modernization and expansion plans.
Boeing and Philippine Airlines today announced at the Farnborough Airshow the flag carrier has committed to order up to 20 787 Dreamliner jets. "This investment manifests our confidence in the future of Philippine Airlines and the continued growth of air travel. The Boeing 787-10 will strengthen our medium and long-haul fleet, allowing us to provide an even better travel experience for our customers while improving operational efficiency and supporting our long-term sustainability goals," said Lucio C. Tan III, president and chief operating officer of PAL Holdings, Inc. "As Asia's first and longest serving airline, we proudly celebrated our 85th anniversary earlier this year. An equally meaningful milestone that we celebrate this year is 80 years of partnership between Philippine Airlines and Boeing."
The 787-10 will complement PAL's fleet of 10 777 jets by expanding operational flexibility across the airline's medium- and long-haul route network. Delivering unmatched fuel efficiency with the lowest operating cost per seat of any widebody jet, the 787's composite design yields 25% less fuel use than the airplanes it typically replaces.
"Philippine Airlines' selection of the 787 Dreamliner marks an important step forward in our partnership, one that spans 80 years," said Stephanie Pope, president and CEO of Boeing Commercial Airplanes. "We're grateful for PAL's trust in Boeing, and our team looks forward to delivering advanced-technology airplanes that deepen connections across the Philippines, Asia and beyond."
As the largest variant of the 787 family, the 787-10 can fly 300-375 passengers up to 13,890 km (7,500 nautical miles), enabling PAL to meet rising travel demand. Passengers travel in enhanced comfort with the 787's design features, including the largest dimmable windows of any commercial jet, higher cabin humidity for less-dry air and technology that helps reduce turbulence for a smoother journey.
About Philippine Airlines
Philippine Airlines (PAL) is the Philippines' flag carrier and the country's only full-service network airline. Founded in 1941, PAL is Asia's first commercial airline and has played a vital role in connecting the Philippines to the world for over 85 years. PAL operates scheduled nonstop flights from its hubs in Manila and Cebu to 29 destinations across the Philippines and 40 destinations in Asia, North America, Australia, and the Middle East. PAL is an APEX Four Star™ airline and was recognized by Cirium for achieving the highest on-time performance among Asia-Pacific carriers in 2025. In 2026, Philippine Airlines was officially invited to join the oneworld® Alliance.
About Boeing
A leading global aerospace company and top U.S. exporter, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. Our U.S. and global workforce and supplier base drive innovation, economic opportunity, sustainability and community impact. Boeing is committed to fostering a culture based on our core values of safety, quality and integrity. Boeing maintains an 80-year presence with the Philippines, learn more here.
Boeing CEO Kelly Ortberg told CNBC Monday that the planemaker will need "a couple more years" to repair its finances before launching a new commercial jet, signaling that the company is focused more on stabilizing its existing business rather than rushing to develop a successor to its best-selling 737 MAX.
Boeing must clear three hurdles before committing to a new aircraft program, Ortberg told CNBC's Phil LeBeau at the Farnborough International Airshow in the U.K.
"First of all, we have to be ready, and part of that is getting our financial house in order, and we're working on that," Ortberg said. "It's going to take a couple more years to get where we want to be."
Ortberg, who came out of retirement to steady the company after a series of manufacturing and quality issues, also repeated that the technology needs to be ready to introduce a new airplane and the company needs to see sufficient market demand.
For now, airline customers are telling Boeing to focus on improving the reliability and production of its current lineup rather than introducing a new jet, he said, suggesting the company is unlikely to launch a new narrowbody aircraft until later in the decade.
The market for large commercial aircraft is currently dominated by Boeing and Airbus. A new plane to better compete with Airbus' rival A320 family of jets will likely be crucial for Boeing to secure future business.
This is a breaking news story. Please refresh for updates.
Saudi carrier will exercise options for 28 787 Dreamliner jets from 2023 order and convert 20 options to largest 787 Dreamliner variant Riyadh Air has taken delivery of six 787-9 jets and currently serves six cities Agreement reaffirms Riyadh Air's plan to operate to over 100 global destinations by 2030, powered by a growing next-generation fleet , /PRNewswire/ -- Riyadh Air, the new national carrier of the Kingdom of Saudi Arabia, and Boeing [NYSE: BA] today announced that the airline is exercising options for 28 more 787 Dreamliner jets as part of its growth plan. The agreement to exercise most of the options from Riyadh Air's 2023 order also includes the conversion of 20 airplanes to the larger 787-10 variant.
Riyadh Air, the new national carrier of the Kingdom of Saudi Arabia, and Boeing today announced that the airline is exercising options for 28 more 787 Dreamliner jets as part of its growth plan. The announcement includes a previously unidentified purchase of 11 of the ultra-efficient widebody jets. Once the remaining 17 airplanes are finalized, Riyadh Air's firm order count will grow to 67 787 Dreamliners.
"The commitment to firm up an additional 28 787 Dreamliners and introduce the 787-10 marks another significant milestone in Riyadh Air's journey towards over 100 international destinations by 2030, a key part of the Kingdom's Vision 2030 ambitions," said Tony Douglas, CEO of Riyadh Air. "Following the recent launch of full operations, guests have been hugely impressed with the Riyadh Air experience onboard our current fleet of six Boeing 787 jets. The addition of the 787-10 strengthens our ability to accommodate growing passenger and cargo demand while providing the operational flexibility required to support our ambitious network plans."
By operating the 787-9 and 787-10, Riyadh Air will benefit from fleet commonality, including shared flight deck systems, maintenance procedures and pilot training, helping deliver operational efficiencies while ensuring a consistent, premium guest experience across its network.
The 787 Dreamliner family features the largest windows of any commercial airplane, higher cabin humidity, lower cabin altitude pressurization and advanced turbulence-sensing technology, all designed to enhance passenger comfort.
"We are delighted to see Riyadh Air flying their new 787 airplanes in commercial service and we are deeply honored they are placing orders for additional 787 Dreamliner aircraft to support their future," said Stephanie Pope, president and CEO of Boeing Commercial Airplanes. "The 787-10 will be a great complement to Riyadh Air's growing fleet and advance the airline's mission to be a world-class airline that delivers an exceptional passenger experience."
The addition of the 787-10 reflects Riyadh Air's commitment to operating one of the world's most modern, efficient and sustainable fleets. As the largest member of the 787 Dreamliner family, the 787-10 will boost Riyadh Air's capacity with 50 more seats than the 787-9, while reducing fuel use and emissions by 25% compared to the airplanes it replaces.
The expanded Boeing fleet will help Riyadh Air grow its network and add the capacity needed to ensure Riyadh, a G20 capital city, is fully connected to 100 global destinations realizing the goals of Saudi Vision 2030.
As a wholly owned company of the Public Investment Fund (PIF), Riyadh Air acts as a key catalyst for Saudi Arabia's economic diversification strategy. By expanding its global reach, the airline expects to generate over 200,000 direct and indirect jobs and contribute over $20 billion (SAR 75 billion) to non-oil GDP growth by 2030.
About Riyadh Air
Riyadh Air, a wholly owned PIF company, is redefining global travel as a full-service global carrier based in Riyadh, Saudi Arabia. Since its launch in March 2023, Riyadh Air has committed to building a modern, efficient fleet and embracing careful sustainability practices, focusing on responsible operations and thoughtful innovation throughout every journey. Each aircraft features advanced cabin interiors, next-generation digital inflight entertainment, and seamless connectivity, ensuring every guest enjoys a memorable experience. By 2030, Riyadh Air aims to connect guests to over 100 destinations worldwide, with authentic Saudi hospitality at the heart of every flight.
About Boeing
A leading global aerospace company and top U.S. exporter, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. Our U.S. and global workforce and supplier base drive innovation, economic opportunity, sustainability and community impact. Boeing is committed to fostering a culture based on our core values of safety, quality and integrity.
Attendees talk at the Farnborough International Airshow, in Farnborough, Britain, July 22, 2024. REUTERS/Toby Melville/File Photo Purchase Licensing Rights, opens new tab
SummaryCompaniesAirbus and Boeing could secure around 300 aircraft orders, sources told ReutersDefence companies will account for half of the show's record 1,600 exhibitorsIncoming British PM Burnham may appear at July 20 to 24 AirshowFARNBOROUGH, England, July 20 (Reuters) - Farnborough Airshow opens on Monday with Boeing (BA.N), opens new tab and Airbus (AIR.PA), opens new tab pursuing aircraft deals and defence firms vying for a share of booming military budgets fuelled by wars in Ukraine and the Middle East.
Planemakers are expected to announce a string of deals during the week, although industry sources say total orders are likely to fall well short of some analyst forecasts of 800 aircraft or more, reflecting supply-chain constraints that continue to limit production.
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At the same time, defence companies are arriving in force as governments boost military spending and seek lessons from conflicts that have highlighted the importance of drones, missile defence systems and artificial intelligence.
Monday's opening also coincides with the first day in office of Prime Minister-in-waiting Andy Burnham, who could make an appearance at the July 20 to 24 event.
Organisers say defence companies will make up half of a record 1,600 exhibitors at the show, highlighting a shift from the commercial aviation roots of an event that began in 1948 as a showcase for British aerospace technology.
The shift reflects how conflicts from Ukraine to the Middle East have transformed spending priorities and accelerated demand for new defence technologies, including unmanned fighter jets, kamikaze drones and autonomous AI software.
On the eve of the event, the head of Boeing's commercial airplane unit said the company is focused on increasing and improving aircraft production, "not order announcement."
Sources told Reuters Airbus and Boeing are together expected to secure a little over 300 aircraft orders unless last-minute negotiations produce additional deals.
Among the expected announcements is an order for around 100 narrowbody aircraft from each manufacturer by Irish leasing company SMBC Aviation Capital, the sources said. Bloomberg News first reported the potential deal. None of the companies involved commented.
Other airlines discussing orders include Riyadh Air and Philippine Airlines.
However, there were no immediate signs of a breakthrough in talks between Turkish Airlines and engine makers over long-term maintenance agreements that the carrier has linked to a planned purchase of 150 Boeing 737 MAX jets.
Reporting by Joanna Plucinska, Dan Catchpole, Tim Hepher, Joe Brock and David Shepardson; Editing by Sharon Singleton
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Joanna reports on airlines and travel in Europe, including tourism trends, sustainability and policy. She was previously based in Warsaw, where she covered politics and general news. She wrote stories on everything from Chinese spies to migrants stranded in forests along the Belarusian border. In 2022, she spent six weeks covering the war in Ukraine, with a focus on the evacuation of children, war reparations and evidence that Russian commanders knew of sexual violence by their troops. Joanna graduated from the Columbia Journalism School in 2014. Before joining Reuters, she worked in Hong Kong for TIME and later in Brussels reporting on EU tech policy for POLITICO Europe.
The Boeing logo on the doors to the Boeing factory in Renton, Washington, U.S., April 15, 2026. REUTERS/Genna Martin Purchase Licensing Rights, opens new tab
LONDON, July 19 (Reuters) - Boeing (BA.N), opens new tab said on Sunday it remains on track to deliver two new Air Force One jets in 2028, but meeting that target will require additional spending on a program already years behind schedule and billions of dollars over budget.
Boeing was awarded a $3.9 billion contract in 2018 to build the aircraft, though costs have since ballooned to more than $5 billion. The aircraft are intended to replace the current Air Force One planes, which entered service in 1990.
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"We're on track for 2028," Steve Parker, CEO of Defense, Space & Security, told reporters ahead of the Farnborough Airshow in the UK, adding that he expected the first aircraft to begin testing next year.
"I do expect to see some cost growth there as we come through and we finish off the wiring and the structures, as well as finishing up our own certifications."
In May 2025, the United States accepted a luxury Boeing 747 from Qatar for use as a temporary presidential aircraft. The jet has since entered service as a bridge aircraft. Security concerns led President Donald Trump to forgo flying the Qatari jet home from Turkey, opting instead to return aboard an older Air Force One.
The Air Force One program involves converting two Boeing 747-8 aircraft into highly specialized jets equipped with advanced communications and defensive systems. Even with a 2028 delivery, the program would be running four years behind schedule.
Reporting by Joe Brock; Editing by Sharon Singleton
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Joe Brock is Reuters' aerospace and defense editor, based in Los Angeles, where he leads a global team of reporters covering airlines, aerospace, weapons manufacturers, and the space industry. Joe has previously worked in Singapore, Johannesburg, Abuja and London as a reporter and bureau chief. He has received several awards for his investigative journalism, including from the Society for Advancing Business Editing and Writing and The Society of Publishers in Asia.
The head of Boeing's commercial airplane unit said on Sunday the planemaker is studying a new round of production increases for its best-selling 737 MAX after getting approval from regulators in May to hike production to 47 planes per month.
The Boeing logo on the doors to the Boeing factory in Renton, Washington, U.S., April 15, 2026. REUTERS/Genna Martin Purchase Licensing Rights, opens new tab
SummaryCompaniesBoeing forecast 43,625 deliveries from 2026 through 2045, including 33,545 single-aisle jetsBoeing estimates an undersupply of close to 2,000 aircraft entering 2026China is expected to account for 21% of deliveriesFARNBOROUGH, England, July 18 (Reuters) - Boeing (BA.N), opens new tab maintained its forecast for strong global demand for new commercial aircraft over the next 20 years, according to the U.S. planemaker's market projection released in England on Saturday, ahead of the Farnborough Airshow.
The U.S. planemaker's forecast was almost identical to its 2025 outlook. Boeing forecast industry-wide global deliveries of 43,625 new jetliners and freighters around the world from 2026 through 2045 -- 33,545 single-aisle jets, 7,715 widebody aircraft, 930 factory-built freighters and 1,435 regional jets.
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This month, Boeing's European rival Airbus trimmed its projection by 1% to 42,060 new aircraft, citing the Iran war and trade tensions.
Boeing expects air passenger traffic growth of about 2.3% this year, less than half of last year's growth rate of 5.3%. It expects growth to rebound to 6%-7% in 2027 and 5%-6% in 2028.
"Our outlook is that passenger traffic globally will be where it would have been by the end of 2028," Boeing Commercial Marketing Vice President Darren Hulst told reporters. He described the current slowdown as different from the multi-year demand shock caused by the COVID-19 pandemic.
Boeing expects passenger traffic to grow 4% annually over the next 20 years, with cargo traffic rising 3.7%, the jet fleet expanding 3% and the world economy growing 2.5%.
Demand for new aircraft continues to grow faster than planemakers can deliver new jets. Passenger traffic last year had rebounded to pre-pandemic levels, but deliveries of new jets remained below the 2018 output, Hulst said.
The company estimates an undersupply of close to 2,000 aircraft entering 2026, with the single-aisle shortfall unlikely to clear until around the end of the decade and widebody shortages likely to persist into the early 2030s.
The outlook assumes a roughly even split between replacement and growth demand. Boeing projects 21,475 deliveries will replace older jets and 22,150 will support fleet expansion. The global fleet is expected to rise from about 28,000 aircraft in 2025 to 50,000 by 2045, with new-generation aircraft growing from 32% of the fleet to 92%.
China is expected to account for 21% of deliveries, followed by Eurasia at 20%, North America and South/Southeast Asia at 19% each, the Middle East and Africa at 10%, Latin America at 6% and Oceania/Northeast Asia at 5%.
Boeing's forecast reflects a market recovering from repeated shocks but still constrained by manufacturing capacity and supply-chain fragility. Boeing also faces certification delays on key programs including the 737 MAX 7 and 10 and the 777-9.
Hulst said the long-term demand picture remains supported by trade, tourism, migration and airline network expansion.
"The reason why we travel and the reason why goods move isn't changing," he said.
Reporting by Dan Catchpole in Seattle; Editing by David Gregorio
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Boeing projects $4.9 trillion aviation services market and demand for more than 2.4 million commercial aviation professionals through 2045 Industry faces production, supply chain and workforce constraints as digitalization and sustainability reshape aviation services , /PRNewswire/ -- Boeing [NYSE: BA] today released its comprehensive 20-year outlook for the commercial aviation services market, the Boeing Services Market Outlook, and the Boeing Pilot & Technician Outlook, focused on projected workforce requirements. Over the next two decades, Boeing forecasts a $4.9 trillion support and services market, alongside a demand for over 2.4 million new commercial aviation professionals.
According to Boeing's 2026 Commercial Market Outlook, sustained growth in commercial aviation is expected to continue, with demand and traffic set to double over the next 20 years. The report also indicated near-term disruptions will not have an impact on long-term aviation growth.
Key Trends Shaping the Services Market
Several key trends are expected to influence the commercial aviation services market over the next 20 years:
Efficiency initiatives focusing on aircraft lifecycle management Increased aircraft digitalization and data-driven services Geographic shifts in aviation services needs Transformation and growing demand for the aviation workforce Retirements driving attrition and increasing personnel demand "As we look toward the future, we see strong demand for services across the portfolio, new opportunities as fleets become more digitally enabled and a growing need for a skilled workforce," said Chris Raymond, president and CEO of Boeing Global Services. "To meet those needs we will continue to digitally modernize our business and invest in skilled people and customer-focused improvements to keep aircraft flying safely and efficiently for years to come."
Workforce Demand: Over 2.4 Million New Aviation Professionals Needed
Fueled by fleet growth and evolving market demands, Boeing's 2026 Pilot and Technician Outlook (PTO) projects an industry need for approximately:
674,000 pilots 728,000 maintenance technicians 1,023,000 cabin crew members This totals more than 2.4 million new personnel globally through 2045. Two-thirds of this demand will replace retiring personnel, while one-third will support fleet growth. Boeing highlights competency-based training and assessment, and advancements in technologies that will transform aviation training. These tools enhance hands-on learning and situational awareness, key to addressing shortages of pilots and technicians globally.
"Our industry will keep the expanding global fleet flying safely and efficiently by investing in workforce development worldwide," said Chris Broom, Vice President, Commercial Training Solutions, Boeing Global Services. "Immersive technologies will enhance training, supporting Competency-Based Training and Assessment approaches to ensure the highest quality aviation training."
Regional Breakdown of Services and Personnel Demand through 2045
Region
New Pilots
New
Technicians
New Cabin
Crew
Total New
Personnel
Total
Services
and
Support
Demand
Global
674,000
728,000
1,023,000
2,425,000
$4,9T
Africa
22,000
25,000
28,000
75,000
$140B
China
123,000
131,000
171,000
425,000
$875B
Eurasia
153,000
169,000
249,000
571,000
$1,185B
Latin
America
38,000
42,000
56,000
136,000
$260B
Middle East
67,000
65,000
104,000
236,000
$475B
North
America
122,000
125,000
191,000
438,000
$995B
Northeast
Asia
24,000
28,000
43,000
95,000
$200B
Oceania
11,000
12,000
18,000
41,000
$85B
South Asia
48,000
48,000
54,000
150,000
$220B
Southeast
Asia
66,000
83,000
109,000
258,000
$425B
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.
Caution Concerning Forward-Looking Statements
This document contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "may," "will," "should," "expects," "intends," "projects," "plans," "believes," "estimates," "targets," "anticipates," and other similar words or expressions, or the negative thereof, generally can be used to help identify these forward-looking statements. Examples of forward-looking statements include statements relating to future demand for commercial airplanes and aviation personnel, as well as any other statement that does not directly relate to any historical or current fact. Forward-looking statements are based on expectations and assumptions that we believe to be reasonable when made, but that may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties, and changes in circumstances that are difficult to predict. Many factors, including economic conditions in the United States and globally, general industry conditions as they may impact us or our customers, and other important factors disclosed previously and from time to time in our filings with the U.S. Securities and Exchange Commission, could cause actual results to differ materially and adversely from these forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and we assume no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
Near-term disruptions will not impact long-term aviation growth The global commercial airplane fleet is projected to grow nearly 80% by 2045 Nearly 44,000 new deliveries are expected in the next 20 years – half of which will replace older airplanes with more fuel‑efficient models Emerging market travel, point-to-point network expansion and air cargo will contribute to fleet growth , /PRNewswire/ -- Boeing [NYSE: BA] projects near-term disruptions will not meaningfully affect long-term aviation industry growth with demand for air travel set to double over the next 20 years. The global commercial airplane fleet is expected to grow nearly 80% to more than 50,000 airplanes by 2045 as airlines and cargo operators add capacity.
Boeing released its 2026 Commercial Market Outlook (CMO), forecasting that operators will need nearly 44,000 new airplanes to support sustained air travel demand and air cargo expansion over the next 20 years. Ahead of the Farnborough International Airshow, Boeing released its 2026 Commercial Market Outlook (CMO), forecasting that operators will need nearly 44,000 new airplanes to support sustained air travel demand and air cargo expansion over the next 20 years. Half of these deliveries are projected to replace previous-generation airplanes with more fuel-efficient models and support sustainability goals.
"Airlines are adapting quickly to manage near-term industry constraints while demand for air travel remains resilient," said Brad McMullen, Boeing senior vice president of Commercial Sales and Marketing. "That demand is driving the need to grow and modernize the global fleet, underscoring the importance of new, fuel-efficient airplanes that will play an increasingly vital role in connecting people and economies around the world."
How is the Middle East crisis affecting global passenger air travel?
Passengers are adjusting destinations and routings rather than forgoing travel in the near term. Point‑to‑point and short‑haul leisure segments are leading traffic growth, while long‑haul travel in some regions, including the Middle East, has seen the most short-term impact. In the long term, air travel continues to connect the world through enduring demand drivers, including extended and dispersed families and friend networks, growing tourism and expanding destinations, trade and commerce. Passenger traffic is expected to grow 4% annually, resulting in a doubling of global air traffic between 2026 and 2045. What strategies are airlines pursuing to innovate and expand?
Airlines have added nearly 5,500 new airport pairs since 2015, driving nearly 30% network growth and giving passengers more choices and more direct itineraries. Airlines are broadening service levels, from ultra‑low‑cost to premium, depending on trip need, passenger value and market conditions: Premium offerings are growing, especially in North America and Northeast Asia, supported by higher incomes and wealth effects. Low‑cost options are expanding in emerging markets such as Latin America, Eastern Europe and Southeast Asia, improving affordability. Without the efficiency and productivity gains of new, efficient jets, airlines would need 9,000 additional airplanes to serve the same number of passengers. How will airplane demand evolve over the next 20 years?
Demand remains balanced across the nearly 44,000 new airplane deliveries projected over the next two decades: Mature regions, including North America, Eurasia, Oceania and Northeast Asia, will account for about 45% of new deliveries. Transitioning and emerging markets, like China, the Middle East, Latin America, South and Southeast Asia, and Africa, will make up about 55% of new deliveries. Low‑cost carrier fleets are expected to grow nearly 4% annually, versus nearly 3% growth for network carriers. Globally, replacement demand is rising as mature and transitioning markets renew fleets. By 2045, less than 10% of previous‑generation airplanes are expected to remain in the global fleet. How is air cargo performing in the current environment and how will it change in the next 20 years?
Air cargo demand remains resilient as operators adapt routes and flows in response to geopolitics. International freighter capacity has increased 5% year‑to‑date in 2026 despite market disruptions, underscoring the flexibility and agility of air cargo networks to meet demand. Through 2045, air cargo traffic is forecast to grow about 3.7% annually, outpacing trade and economic growth. Demand is supported by the need to move high‑value, perishable and time-sensitive goods, as well as supply chain reliability and cross-border e-commerce. New deliveries, 2026-2045
Single-aisle:
33,545
Widebody:
7,715
Regional:
1,435
Freighters:
930
Total:
43,625
Industry and 2026 CMO by the numbers:
Passenger traffic has grown despite double-digit swings in oil prices in 17 of the last 25 years. Half of the 5,500 new routes added to the global network over the last decade are served daily or more. Airlines generate nearly half of their revenue from premium passenger traffic, cargo and ancillary revenue streams. The global single-aisle fleet will nearly double to more than 36,000 jets, serving core short-haul networks and operating more than half of all global capacity. More than 8,000 widebody airplanes will be in service in 2045, enabling long-haul passenger routes, enhanced passenger experience and critical air cargo capacity. Air cargo traffic growth and the need for new-technology freighters to renew the fleet will drive demand for more than 2,900 production and converted freighters. Since 1961, Boeing has published the CMO, the most comprehensive analysis of the commercial aviation industry. The full 2026 outlook is available at boeing.com/cmo.
Boeing also published today the annual Commercial Services Market Outlook and the Pilot and Technician Outlook for 2026-2045.
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.
Caution Concerning Forward-Looking Statements
This document contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "may," "will," "should," "expects," "intends," "projects," "plans," "believes," "estimates," "targets," "anticipates," and other similar words or expressions, or the negative thereof, generally can be used to help identify these forward-looking statements. Examples of forward-looking statements include statements relating to future demand for commercial airplanes and aviation personnel, as well as any other statement that does not directly relate to any historical or current fact. Forward-looking statements are based on expectations and assumptions that we believe to be reasonable when made, but that may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties, and changes in circumstances that are difficult to predict. Many factors, including economic conditions in the United States and globally, general industry conditions as they may impact us or our customers, and other important factors disclosed previously and from time to time in our filings with the U.S. Securities and Exchange Commission, could cause actual results to differ materially and adversely from these forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and we assume no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
