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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 .
| 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 announced on June 4, 2025 that it entered into a Non-Prosecution Agreement resolving issues from its earlier Deferred Prosecution Agreement, with a total criminal penalty of $487.2 million (including a remaining $243.6 million obligation).
- The agreement requires Boeing to pay $444.5 million in victim compensation to crash victims’ families and invest $455.0 million in enhanced compliance, safety, and quality programs.
- Additional measures include retaining an independent compliance consultant and strengthening internal controls and anti-fraud compliance following identified program deficiencies.
- Boeing emphasized strong Middle East demand with significant widebody orders from Qatar and related defense opportunities including F-15s and tankers, reinforcing its substantial backlog.
- The company detailed plans to ramp up production rates, targeting stabilization at 38 737 MAX per month with subsequent increases to 42 and 47 per month, along with increases in 787 and progress toward 777X certification.
- Improvements in quality metrics and a focus on transitioning to positive free cash flow in the second half underscore the operational turnaround and strategic production investments.
- AviLease placed its first direct order for Boeing 737 MAX aircraft, committing to a firm purchase of 20 jets with options for 10 additional units.
- The deal supports AviLease’s growth strategy and aligns with Saudi Arabia’s plan to develop a global aviation hub by 2030.
- China Airlines has ordered 10 777-9 passenger and 4 777-8 freighter jets from Boeing, with additional options for 5 777-9s and 4 777-8s.
- The new 777X models offer 20% lower fuel consumption and emissions while enabling extended long-haul routes, particularly to North America and Europe.
- This order marks a significant fleet modernization move, reinforcing the long-standing partnership between Boeing and China Airlines.
- Boeing Q1 2025 results: Consolidated revenue increased to $19.5B (up 18% YoY), operating margin reached 2.4%, and total backlog grew to $545B .
- Boeing announced a definitive agreement to divest portions of its Digital Aviation Solutions business — including Jeppesen, ForeFlight, AerData, and OzRunways — to Thoma Bravo for $10.55B in an all-cash transaction, expected to close by end-2025 pending regulatory approvals .
- In the Commercial Airplanes segment, 130 airplanes were delivered, generating $8.1B in revenue with margin improvement from -24.6% to -6.6% .
- Production stability improved across the 737 and 787 programs, positioning Boeing for planned rate increases if key performance indicators remain stable .
- Financially, GAAP loss per share was ($0.16) and non‐GAAP core loss per share narrowed to ($0.49), reflecting operational stabilization amid liquidity challenges .
- Approximately 3,900 employees in the Digital Aviation Solutions segment continue to support key digital capabilities for fleet maintenance .
- Boeing held its Annual Meeting of Shareholders on April 24, 2025, and the 8‑K filing provides detailed voting results on proposals including director elections, executive officer compensation, independent auditor ratification, and shareholder proposals on DEI and a civil rights audit.
- The report, filed as an 8‑K with the SEC, clearly outlines the vote counts which are material for governance and related decision-making.
- Boeing has entered a definitive agreement to sell portions of its Digital Aviation Solutions, including Jeppesen, ForeFlight, AerData, and OzRunways, to Thoma Bravo for $10.55 billion.
- Boeing will retain core digital capabilities to support fleet maintenance and diagnostics for its commercial and defense customers.
- The transaction is expected to close by the end of 2025 and is subject to regulatory approval and customary closing conditions.
- Commercial Airplanes Programs delivered 130 units including 737 (105), 767 (5), 777 (7), and 787 (13) in Q1 2025 ( ).
- Defense, Space & Security Programs delivered 26 units, featuring models such as AH‑64 Apache, CH‑47 Chinook, F/A‑18, and others, with detailed financial results to be released on April 23 ( ).
- BOC Aviation has placed an order for 50 Boeing 737-8 jets, expanding its Boeing portfolio and increasing its unfilled orders to 139 aircraft, supporting plans for fleet growth.
- The order, described as the largest in BOC Aviation’s history, underlines confidence in the fuel-efficient 737-8 for meeting rising global air travel demand.
- Boeing has been awarded a contract by the U.S. Air Force to design, build, and deliver its next-generation fighter aircraft, the NGAD Platform.
- The NGAD Platform is aimed at establishing a new standard in 6th-generation fighter capability, enhancing range, survivability, lethality, and adaptability.
- This initiative builds upon Boeing’s extensive legacy in producing advanced combat aircraft for global military customers.