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.
- 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.
- The UK’s Competition and Markets Authority (CMA) has opened a consultation period until mid-July 2025 to review Boeing’s proposed $4.7 billion acquisition of Spirit AeroSystems, with no formal investigation launched yet.
- Spirit AeroSystems, the world’s largest independent aerostructures manufacturer, would return to Boeing ownership after its 2005 spin-off.
- CMA scrutiny focuses on potential competition impacts at Spirit’s UK facilities in Prestwick and Belfast; Airbus will acquire some UK Airbus-program work as part of the deal restructuring.
- Analyst projections show an average price target of $225.19 (approx. 10.28% upside) and a GF Value estimate indicating a 7.78% potential downside.
- May durable goods orders rose 16.4%, the largest monthly increase in over a decade, reversing April’s 6.6% decline.
- Boeing booked over 300 aircraft sales in May, including a major Qatar Airways order.
- Transportation equipment orders soared 48%, with nondefense aircraft and parts orders more than doubling.
- Excluding transportation, orders rose just 0.5%, and core capital goods grew 1.7%, underscoring the pickup’s concentration in aerospace.
- The NTSB report condemns Boeing’s safety culture, citing failures in training, guidance and oversight that led to missing bolts and a “wholly avoidable” midair blowout on a 737 MAX.
- The incident prompted a DOJ criminal probe for breaching a deferred prosecution agreement and led the FAA to cap 737 MAX production.
- Regulators have increased FAA oversight of Boeing after determining prior monitoring was too hands-off.
- Boeing is redesigning the faulty door plug and says it is bolstering safety and quality under new CEO Kelly Ortberg.
- Geopolitical developments like the Iran–Israel ceasefire triggered near-term declines in defense stocks, but raising NATO’s spending target to 5% of GDP underpins durable sector demand.
- Of the 5% goal, 3.5% is allocated to hard defense spending and 1.5% to defense infrastructure, including cybersecurity.
- Companies exposed to defense electronics and defense communications are expected to benefit most, with solid earnings visibility and increasing free cash flow.
- Investors should consider using pullbacks as buying opportunities in high-quality defense electronics names.
- President Trump’s $175 billion Golden Dome project aims to field a space-based missile shield by 2029 but faces feasibility and completion doubts.
- Defense firms including Boeing were rated overweight by Bernstein, with a $249 price target for Boeing shares due to expected contract gains.
- The 2026 U.S. defense budget allocates $25 billion for Golden Dome, including $8.8 billion for missile systems and $4.1 billion for satellite integration.
- The CBO projects total costs of $161 billion–$542 billion and warns of technical hurdles requiring thousands of interceptors to cover multiple missile launches.