The Boeing Company (BA) Bank of America Global Industrials Conference 2026 summary

Business performance and recovery

• 2025 marked foundational progress in recovery, with 600 aircraft delivered, the highest since 2018, and increased production rates.

• Quality and safety plans stabilized production, enabling higher rates and setting up for future growth.

• Spirit acquisition closed, integration underway, and early 2026 saw a 40% reduction in defects.

• BCA margins will remain negative in 2026 due to Spirit integration, with positive margins expected in 2027.

• Backlog stands at $682 billion, with BCA at $560 billion, supporting synchronized value chain operations.

Segment updates and operational highlights

• BDS made progress stabilizing development programs, aiming for positive margins in 2026 and high single-digit margins longer term.

• BGS achieved 18% margins and strong cash flow, aided by the Jeppesen divestiture.

• Schedule resets for 737-7, 737-10, and 777X programs have aligned execution with realistic timelines.

• 737 Everett line is on track, with first aircraft build in summer and full cadence reached over several years.

Production, certification, and supply chain

• 737 and 787 deliveries are catching up with production; 500 737s expected in 2026, with rate increases to 47 mid-year.

• Recent wiring issue paused 737 deliveries briefly, but impact was limited and resolved with resumed deliveries.

• 787 deliveries paced by seating certifications, with 90-100 deliveries expected in 2026.

• Supply chain can support near-term ramp-ups, but engines and interiors are watch points for future higher rates.