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 earnings calls.
David Strauss
Barclays
4 questions for BA
Douglas Harned
Sanford C. Bernstein & Co., LLC
4 questions for BA
Myles Walton
Wolfe Research, LLC
4 questions for BA
Noah Poponak
Goldman Sachs
4 questions for BA
Peter Arment
Robert W. Baird & Co.
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 Inc.
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 Group AG
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
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.
- The 777X widebody jet’s entry into service has been pushed to early to mid-2027 due to ongoing certification challenges and technical complexities, notably with its folding wingtips and engine integration.
- Boeing expects an additional $1 – $4 billion in charges related to this delay, adding to the over $10 billion already incurred, and anticipates reduced cash flow projections as a result.
- Despite the postponement, the program has secured over 500 orders, with Emirates as the largest customer, and Boeing asserts the aircraft’s advanced features will justify the wait amid rising international travel demand.
- CEO Kelly Ortberg described the certification process as a “mountain of work” but reported no new technical problems during this latest phase.
- Boeing has initiated early-stage development of a next-generation single-aisle aircraft to replace the 737 MAX, aiming to regain market share lost to Airbus.
- CEO Kelly Ortberg is engaging Rolls-Royce on new engine options and internal teams are designing the flight deck, with no final selections made.
- A new senior product leader has been appointed in the commercial airplane division to drive development of future aircraft models.
- Under its latest Puget Sound Machinists union contract, Boeing committed to build the next airplane in the Puget Sound region, emphasizing local workforce support.
- The FAA will allow Boeing to resume issuing airworthiness certificates for some 737 MAX jets beginning in 2025, but a production cap of 38 jets per month remains in place.
- The FAA will allow Boeing to issue airworthiness certificates for certain 737 MAX and 787 aircraft on alternating weeks starting September 29, 2025, under a three-year ODA renewal effective June 1, 2025.
- Delegating certification tasks to Boeing is expected to boost 737 MAX output from 38 to 42 planes per month, helping address a backlog and accelerate deliveries.
- Boeing’s order backlog exceeds 5,000 aircraft, with 737 MAX orders sold out through the end of the decade, making faster certification critical for cash flow and competitive positioning.
- Despite regulatory progress, Boeing faces financial headwinds, including a debt-to-equity ratio of -16.18, an Altman Z-Score of 1.25, and a Piotroski F-Score of 3.
- Norwegian Group placed an order for 30 737-8 airplanes, raising its 737 MAX order book to 80 aircraft and marking its first direct Boeing order since 2017.
- The agreement secures fleet growth with flexible delivery options and aligns with Norwegian’s sustainability targets to operate one of Europe’s most modern, fuel-efficient fleets.
- The 737-8 model carries up to 200 passengers over 3,500 nautical miles and delivers a 20% reduction in fuel use and carbon emissions versus the aircraft it replaces.
- Boeing and Turkish Airlines announced a firm order for up to 75 787 Dreamliners (35 of the 787-9, 15 of the 787-10, plus options for 25), marking the carrier’s largest widebody purchase.
- Turkish Airlines committed to acquire up to 150 additional 737 MAX jets, its largest single-aisle order when finalized, which will double its current Boeing fleet of over 200 aircraft.
- The combined order is projected to support over 123,000 U.S. jobs and underpins Turkish Airlines’ 2033 Vision to expand its fleet to 800 aircraft.
- Boeing Defense, Space & Security (BDS) will integrate Palantir’s Foundry platform to unify complex and disparate systems under a streamlined interface across its factories and programs.
- The partnership aims to standardize data analytics and insights across more than a dozen geographically dispersed production lines, including military aircraft, helicopters, satellites, spacecraft, missiles and weapons.
- BDS has engaged Palantir on several undisclosed classified and proprietary efforts to support sensitive military missions with advanced AI capabilities.
- Executives from both companies highlighted the collaboration’s focus on accelerating production, innovation and delivering advanced capabilities to military operators.
- Uzbekistan Airways places its largest-ever order for 22 Boeing 787 Dreamliner jets, comprising 14 firm 787-9 orders and options for eight more to modernize its fleet and expand long-haul routes to the U.S.
- The deal was signed at the UN General Assembly with Uzbekistan’s President and Boeing officials, accompanied by a Memorandum of Cooperation to develop the country’s aviation ecosystem
- Uzbekistan Airways aims to strengthen its position as Central Asia’s leading aviation hub and meet rising long-haul travel demand while committing to sustainable growth
- Despite this major order, Boeing’s financial metrics indicate strain, with a debt-to-equity ratio of -16.18, an Altman Z-Score of 1.25, and a Piotroski F-Score of 3 signaling distress
- Uzbekistan Airways placed a firm order for 14 Boeing 787-9 jets with options for eight more, constituting the airline’s single largest purchase to date.
- The deal was unveiled alongside a Memorandum of Cooperation with the Uzbekistan Ministry of Transport at the UN General Assembly, with President Shavkat Mirziyoyev in attendance.
- Boeing expects the transaction to support nearly 35,000 U.S. jobs, highlighting its domestic economic impact.
- The 787 Dreamliner’s 25% fuel efficiency advantage will help modernize the carrier’s widebody fleet and enable expanded long-haul routes, including new U.S. services.
- St. Louis IAM District 837 members approved a union-proposed four-year contract featuring annual wage increases of 8%, 4%, 4% and 4% and a $10,000 ratification bonus.
- The proposal offers a 100% company match on the first 8% of 401(k) contributions, versus Boeing’s current 75% match.
- Boeing has rejected the union plan as “unrealistic,” insisting its prior offer is more suitable for the Midwest, extending a strike by about 3,200 workers since August 4, 2025.
- The work stoppage has disrupted advanced aircraft and weapons systems assembly, delaying deliveries critical to U.S. and allied defense.
- Boeing CEO Kelly Ortberg announced further delays in 777X certification and delivery potentially into 2027, well beyond the initial 2020 target.
- The 777X program, with over 600 orders, has already cost Boeing several billion dollars amid manufacturing defects and heightened regulatory scrutiny.
- Certification flights for the 777X resumed in July 2024 but were grounded a month later due to damage in the primary pylon structural component, which has since been resolved.
- Boeing plans to increase 737 MAX production to 42 aircraft per month by year-end and raise 787 Dreamliner output from seven to ten per month by 2026 to help offset the 777X delays.