The Boeing Company is a leading aerospace and defense corporation that operates in multiple segments, focusing on the development, production, and marketing of commercial and military aircraft, as well as providing a range of services to both commercial and government customers . The company sells commercial jet aircraft models such as the 737, 767, 777, and 787, and is actively working on the 777X program and 737 derivatives . Boeing's diverse operations are reflected in its three primary segments, each contributing significantly to its financial performance .
- Defense, Space & Security - Focuses on military aircraft, weapons systems, strategic defense, intelligence systems, and satellite systems .
- Commercial Airplanes - Develops, produces, and markets commercial jet aircraft, including models such as the 737, 767, 777, and 787, and is working on the 777X program and 737 derivatives .
- Global Services - Provides parts, maintenance, modifications, logistics support, training, and data analytics services to both commercial and government customers .
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Robert K. Ortberg ExecutiveBoard | President and CEO | Board Member at Aptiv PLC | Aerospace leader with over 35 years of experience; former CEO of Rockwell Collins and Collins Aerospace; joined Boeing in 2024. | |
Brian J. West Executive | EVP and CFO | None | Joined Boeing in 2021; former CFO at Refinitiv and Nielsen; extensive experience in financial leadership and operations. | |
Stephanie F. Pope Executive | EVP, COO, and CEO of Boeing Commercial Airplanes | None | Joined Boeing in 1994; previously CEO of Boeing Global Services; recognized for operational and financial expertise across Boeing's business units. | |
Akhil Johri Board | Director and Chair of Audit Committee | Board Member at Cardinal Health | Former EVP and CFO of United Technologies; expert in financial reporting, internal controls, and risk management; joined Boeing's Board in 2020. | |
David L. Joyce Board | Director and Chair of Aerospace Safety Committee | Senior Advisor at AE Industrial Partners, LP | Former President and CEO of GE Aviation; expert in aerospace engineering, product development, and safety management systems; joined Boeing's Board in 2021. | |
John M. Richardson Board | Director and Chair of Special Programs Committee | Board Member at BWX Technologies and Constellation Energy | Former Chief of Naval Operations; expert in managing complex, high-risk systems; joined Boeing's Board in 2019. | |
Lynne M. Doughtie Board | Director | Board Member at Workday, Inc. | Former U.S. Chairman and CEO of KPMG; expert in accounting, risk management, and regulatory compliance; joined Boeing's Board in 2021. | |
Mortimer J. Buckley Board | Director | Board Member at Pfizer Inc. | Former Chairman and CEO of Vanguard; expert in investment management, cybersecurity, and corporate governance; joined Boeing's Board in 2025. | |
Robert A. Bradway Board | Director and Chair of Finance Committee | Chairman and CEO of Amgen Inc. | CEO of Amgen since 2012; expert in corporate finance, risk management, and executive leadership; joined Boeing's Board in 2016. | |
Sabrina Soussan Board | Director | Chairman and CEO of SUEZ SA | Former Siemens executive; expert in engineering, cybersecurity, and sustainability; joined Boeing's Board in 2023. | |
Stayce D. Harris Board | Director | Board Member at BlackRock Fixed-Income Funds | Retired U.S. Air Force Reserve Lieutenant General and former Boeing 747 pilot; expert in aviation safety, cybersecurity, and audit matters. | |
Steve Mollenkopf Board | Independent Chair of the Board | Board Member at Dell Technologies | Former CEO of Qualcomm; expert in engineering, risk management, and global business operations; joined Boeing's Board in 2020. |
- With the persistent cost overruns and execution issues in your defense programs, particularly those with fixed-price contracts, what specific measures are you implementing to improve risk management and prevent future charges, and how confident are you in their effectiveness?
- Given your plans to reduce the workforce to streamline operations, how do you intend to retain critical talent and expertise necessary for stabilizing the business and improving execution while also reshaping the company culture?
- Can you provide more clarity on your strategy to address the balance sheet and maintain your investment-grade credit rating, including details on the potential size, timing, and impact of any equity or equity-linked offerings?
- Considering the recent IAM strike and supply chain disruptions, what are your updated production targets for the 737 program through next year, and what steps are you taking to mitigate the risks of not meeting these targets?
- As you contemplate developing a new commercial aircraft in the future, how will you balance the significant investment required with your current financial constraints, and what milestones should investors anticipate along this path?
Research analysts who have asked questions during Boeing Co earnings calls.
David Strauss
Barclays
4 questions for BA
Douglas Harned
Bernstein & Company
4 questions for BA
Myles Walton
Wolfe Research
4 questions for BA
Noah Poponak
Goldman Sachs
4 questions for BA
Peter Arment
Baird
4 questions for BA
Scott Deuschle
Deutsche Bank
4 questions for BA
Seth Seifman
JPMorgan Chase & Co.
4 questions for BA
Sheila Kahyaoglu
Jefferies
4 questions for BA
Ronald Epstein
Bank of America
3 questions for BA
Jason Gursky
Citigroup
2 questions for BA
Richard Safran
Seaport Research Partners
2 questions for BA
Cai von Rumohr
TD Cowen
1 question for BA
Gavin Parsons
UBS
1 question for BA
Ken Herbert
RBC Capital Markets
1 question for BA
Kristine Liwag
Morgan Stanley
1 question for BA
Robert Stallard
Vertical Research Partners
1 question for BA
Scott Mikus
Melius Research
1 question for BA
Unknown Analyst
Unknown
1 question for BA
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
The company faces aggressive international competition in the commercial jet aircraft market, with this competitor being intent on increasing its market share. Additionally, it continues to build a strategic presence in the U.S. market by strengthening its North American operations and partnering with U.S. defense companies. | |
This competitor provides strong competition in the Defense, Space & Security (BDS) segment, particularly in areas such as military aircraft and weapons systems. | |
This competitor is a key player in the defense market, competing with the company's BDS segment in areas like military aircraft and defense systems. | |
This competitor is noted for its strong presence in the defense sector, competing with the company's BDS segment. | |
This competitor is a significant player in the defense industry, providing competition to the company's BDS segment. | |
SpaceX | This competitor is highlighted as a strong competitor in the space and defense markets, particularly in areas like satellite systems and space exploration. |
This non-U.S. competitor is expanding its presence in the U.S. market by strengthening its North American operations and partnering with U.S. defense companies. |
| Customer | Relationship | Segment | Details |
|---|---|---|---|
U.S. Government | Major defense and government services partner | All | 42% of consolidated revenues in 2024 , 91% of BDS segment revenues , 29% of BGS segment revenues. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Spirit AeroSystems Holdings, Inc. | 2025 | Boeing’s acquisition of Spirit AeroSystems Holdings, Inc. is an all-stock transaction valued at approximately $4,700 million, with an exchange ratio ranging from 0.18 to 0.25 Boeing shares per Spirit share. The deal includes the assumption of Spirit's net debt, is subject to regulatory approvals and the sale of certain operations, includes stockholder approval and termination rights with a $300 million fee if terminated, and is expected to close mid-2025. |
Recent press releases and 8-K filings for BA.
- CPI Aero posted Q2 revenue of $15.2 M, down from $20.8 M, with gross profit of $0.7 M (4.4% margin; 17.1% excluding A-10 impact) versus $5.1 M (24.6%) a year ago, resulting in a net loss of $1.3 M (EPS –$0.10) and Adjusted EBITDA of –$1.7 M ($0.6 M ex-A-10) compared to a $1.4 M profit and $2.6 M Adjusted EBITDA in Q2 2024.
- For the six months ended June 30, 2025, revenue totaled $30.6 M (vs. $39.9 M), gross profit was $2.3 M (7.6% margin; 19.3% ex-A-10) vs. $8.7 M (21.7%), with a net loss of $2.6 M (EPS –$0.21) and Adjusted EBITDA of –$2.5 M ($2.0 M ex-A-10) versus $1.6 M income and $3.8 M Adjusted EBITDA in H1 2024; debt declined to $16.2 M from $18.9 M.
- The company took a $2.3 M write-off on the A-10 Program due to its termination by Boeing and fleet retirement, with a six-month A-10 impact of $4.5 M.
- CPI Aero ended Q2 with a $506 M backlog, including awards from Raytheon, Sikorsky, Lockheed, the U.S. Air Force and Embraer, and reduced its debt-to-Adjusted EBITDA ratio to 2.7x excluding A-10 impact.
- Turkish Airlines will invest €275 million as a convertible loan and €25 million for immediate share purchase, subject to regulatory approval.
- Air Europa will use the €300 million injection plus its cash balance to repay a €475 million SEPI government loan.
- The deal grants Turkish Airlines a 26–27% stake, making it Air Europa’s second-largest shareholder behind Globalia (80%) and ahead of IAG (20%).
- A previous €500 million takeover bid by IAG was blocked by EU competition regulators, clearing the way for this transaction.
- Airbus’s A320 family has delivered 12,155 units as of early August 2025, trailing the Boeing 737 by only 20 units and set to surpass its long-held delivery record within weeks.
- Airbus outpaced Boeing in April 2025 deliveries with 59 A320-family jets versus 45 Boeing planes, underscoring recent delivery momentum.
- The A320’s design innovations—digital fly-by-wire controls and engine flexibility—contrast with maintenance delays on A320neo’s Pratt & Whitney GTF engines due to high-tech coating issues.
- Airbus plans to deliver over 820 aircraft in 2025 and is developing next-generation models targeting advanced engines and hydrogen propulsion by the mid-2030s, while Boeing awaits new technology to update its 737 lineup.
- ACG reported $612.5 M in revenues and $613.8 M pre-tax net income for the six months ended June 30, 2025, including $506.4 M of insurance settlements; net income excluding insurance rose 105% y/y to $107.4 M
- Available liquidity was $5.8 B, and net debt to equity improved to 1.9× from 2.3× as of March 31, 2025
- Deployed $1.6 B in capex on aircraft assets, secured $9.5 B of new aircraft commitments through 2031, and held $893.9 M of aircraft for sale as of June 30, 2025
- Added 10 new technology aircraft, reduced portfolio average age to 5.7 years, closed an undrawn $1.0 B secured term loan, and expanded revolver capacity to $1.5 B
- Boeing delivered 48 aircraft in July 2025, including 37 737 MAX jets, the highest July tally since 2017 though down from June’s 60.
- Boeing secured 31 gross orders in July 2025, translating to 63 net orders for the month and 739 net orders year-to-date.
- Airbus led with 67 jet deliveries in July and holds a year-to-date lead of 373 aircraft, targeting 820 deliveries for 2025 despite supplier constraints.
- Single-aisle jets comprised 66% of July deliveries, with Airbus delivering 286 A320neo family jets versus Boeing’s 243 737 MAX year-to-date.
- CEO Kelly Ortberg highlighted strengthened safety and quality controls as central to stabilizing operations and improving aircraft quality.
- CEO Kelly Ortberg has largely stabilized Boeing one year after taking the helm during its biggest crisis in decades.
- Boeing is still losing money, trails Airbus in single-aisle jets, and must ramp up 737 MAX production to regain market share.
- Accelerating output hinges on FAA approval, which is critical for generating the cash flow needed for broader strategic initiatives.
- Current decisions will determine Boeing’s ability to launch a 737 replacement and avoid ceding further market ground to Airbus or new entrants.
- Kelly Ortberg, returning from retirement to become Boeing CEO in August 2024, is credited with stabilizing the company after a series of crises by emphasizing hands-on leadership.
- Under his leadership, stock rose by 39%, 737 MAX production has increased, and Boeing secured contracts like the F-47 fighter jet deal.
- He introduced the motto "Give a damn!" to prioritize safety and quality over speed, initiating a cultural shift in manufacturing.
- Despite progress, Boeing still faces a $643 million loss in the first half of 2025, delays in 777X certification, and disruptions from worker strikes.
- Boeing [NYSE: BA] received an order from Cathay Pacific for 14 additional 777-9 jets, bringing Cathay’s total 777-9 commitments to 35 aircraft.
- The 777-9 delivers 20% lower fuel use and emissions and 40% less noise compared to the aircraft it replaces.
- With a range of 7,295 nautical miles, the 777-9 enables expanded long-haul connectivity through Hong Kong.
- The 777X program has amassed over 550 orders worldwide, supporting production at Boeing’s Everett site and across its supply chain.
- Stock futures recover after the S&P’s worst day since May as markets price in 60 bps of Fed cuts this year and an 83% chance of a September rate cut following a 258,000-job downward revision for May-June
- Oil prices fall ahead of a planned 547,000 bpd increase in September OPEC+ output, amid speculation of US secondary tariffs on Russian oil buyers
- Swiss exports face a 39% tariff increase, hitting luxury groups like Richemont due to new US measures
- Over 3,000 Boeing fighter jet assembly workers in Missouri and Illinois begin a walkout after rejecting a contract offer; Boeing says it is not concerned
- Falcon 9 successfully lifted off Crew-11 toward the ISS, achieving engine ignition, stage separations, and orbital insertion on August 1, 2025.
- NASA’s Crew-11 comprises commander Zena Cardman (first spaceflight), pilot Mike Thinky, JAXA’s Kimiya Yui (second mission), and Roscosmos’ Oleg Platonov (first mission), highlighting US-Japan-Russia cooperation.
- SpaceX now handles 85–90% of orbital payloads, including human crews, underscoring its market dominance versus legacy providers.
- The first-stage booster executed a successful landing, demonstrating SpaceX’s reusable-rocket capabilities.
- Cardman was reassigned from Boeing’s delayed Starliner program, illustrating ongoing impacts of its test setbacks on crew schedules.