Boeing (BA) official guidance

As we close out the year, the delay in stability at 47 per month is expected to translate to the lower delivery output and come in shy of the 500 delivery target.

In 2029 specifically, we'll be operating at higher production levels, which will translate into higher delivery levels. So we'll be closer to the mid to high 50s on deliveries.

We continue to expect to deliver 90 to 100 airplanes in the year, but expect it to be closer to the lower end given the delays in getting to rate 10.

What I can tell you is think about total deliveries at BCA to be up 10% plus similar to this year, and we'll give more color on that more specifically by program in January.

We continue to expect first delivery in 2027, and all of our latest assumptions continue to be within the EAC we reset last year.

On 737, we continue to work towards stabilizing production at 47 airplanes per month. Our factory key performance indicators are performing well, particularly in the final assembly, where we've seen a 40% improvement in rework since the start of last year. However, as I mentioned at a conference last month, it is taking us longer than we had expected to demonstrate performance at Rate 47. We're making progress, but we still have more work to do, and I'm expecting it'll take us into next year to get fully stable at this rate.

Taken together and integrating our learning from this year, our financial plan will target Rate 52 in the back half of 2027.

We are currently producing airplanes at a rate of approximately 1 per month and expect to stay at that level for most of 2027.

In 2029, we'll be closer to around 12 per month on a 787, and we'll be generating positive free cash flow or expect to generate positive free cash flow on the 777X in 2029.

We still expect to start the transition to 10 per month yet this year, and we're making good progress on our Charleston expansion to support even higher production rates.

On CapEx for 2027, about $5 billion, as I mentioned

In 2029, we'll be closer to around 12 per month on a 787, and we'll be generating positive free cash flow or expect to generate positive free cash flow on the 777X in 2029.

We've narrowed our range and expect to generate approximately $2 billion of free cash flow in 2026.

I'm expecting that that will improve to about $3 billion in 2027, inclusive of the additional CapEx to support the F/A-XX development.

We believe this should improve to about $6 billion in 2028 as we start to burn off some of the headwinds and accelerate from there.

I expect to achieve the $10 billion target in 2029.

So there's runway, as I mentioned in my prepared remarks, in 2030 and beyond above $10 billion.

We remain confident in our path to high single-digit operating margins by the end of the decade.

These certifications pave the way for both airplane variants to start deliveries in 2027, and I'm confident these newest members of the 737 MAX family will deliver on the promise of greater efficiency and more capability for our customers.

On 737, we're now ramping to 47 airplanes per month after a successful capstone review in May and expect factory rollouts to reach 47 per month this summer.