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?
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.
- 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.
- Bank of America labels Boeing “one big beautiful Boeing,” highlighting strong commercial progress and a robust backlog.
- Increasing production, especially of larger Dreamliners, is expected to drive rising gross margins as output scales.
- CEO Kelly Ortberg’s leadership is credited with turning the company around, boosting confidence in operational execution.
- Defense segment anticipated to perform strongly despite an ongoing strike, adding to the stock’s appeal.
- Upgrades annual earnings outlook to a 9–11% increase in underlying EBIT, driven by strong H1 performance and rising defense budgets.
- Reported a 13% rise in H1 earnings to £1.55 billion, beating analyst estimates.
- Maintains a £25 billion order backlog, including a £285 million Royal Navy combat upgrade and $2.5 billion CV90 vehicle deals.
- Completed a $5.6 billion acquisition of Ball Corporation’s aerospace division to bolster space-based tech capabilities.
- Over 3,200 IAM District 837 members in the St. Louis area rejected Boeing’s 20% wage increase over four years, $5,000 bonus and additional leave, deeming it insufficient.
- A seven-day cooling-off period will follow before a potential strike could halt production of F-15, F/A-18, T-7A trainers and MQ-25 drones.
- Boeing’s defense division, unprofitable since 2022, is expanding St. Louis facilities under a new USAF F-47 contract, heightening pressure ahead of its earnings report.
- Ryanair Q1 profit rose 128% to €820 million, driven by 4% traffic growth to ~58 million passengers at a 94% load factor and a 21% increase in average fares.
- Full-year traffic guidance of +3% to 206 million passengers remains on track despite delayed Boeing deliveries, with unit costs expected to be modestly up.
- Boeing has reached a production rate of 38 aircraft/month, improving delivery prospects for the remaining 29 jets under a fixed-price agreement.
- Potential US tariffs under the 1979 exemption are uncertain; Ryanair may defer deliveries or use its UK airline to mitigate any impacts.
- Second-half visibility is low with only ~7% of H2 bookings in hand, but Ryanair aims to recover the prior year’s 7% fare decline across Q2 and the full year.
- Boeing shares gained momentum as analysts determined the Air India incident was not caused by the 787 Dreamliner, removing a key overhang on the stock.
- CEO Kelly Ortberg is credited with imposing rigorous delivery discipline and resolving cash flow concerns, preparing Boeing to increase production over time.
- Bernstein set a $282 price target, and Jim Cramer forecasts a further 30–50 point upside from current levels.
- The refocused management strategy under Ortberg, emphasizing fleet deliveries, is viewed as the primary driver for Boeing’s renewed growth trajectory.
- Boeing names Jesus 'Jay' Malave as CFO effective August 15, replacing Brian West in an advisory capacity.
- Malave, former CFO at Lockheed Martin (2022–April 2025), holds degrees in mathematics, accounting, and law.
- The hire is Boeing’s first major finance leadership change under CEO Kelly Ortberg, targeting recovery amid operational and reputational crises since 2018.
- Appointment emphasizes focus on restoring trust and improving quality to rebuild profitability after recent crashes, regulatory production limits, and a machinists’ strike.
- One Fed rate cut possible in September as tariff-driven inflation eased, improving equity outlook.
- Economy likely avoids recession in H2 2025, supported by solid household balance sheets and consumer resilience.
- Durable goods orders rose, partly due to increased Boeing plane purchases, indicating ongoing demand.
- S&P 500 companies raised guidance in Q2, reinforcing positive economic momentum.
- Carson Group remains overweight equities, citing historical seasonality and better-than-expected first-half performance.