Key facts
- Boeing will not reach its 737 production rate target of 47 jets per month until early 2027.
- The company projects free cash flow of $3 billion next year and $6 billion in 2028.
Boeing's share price declined as the company announced delays in its 737 production targets and a revised outlook for free cash flow growth. CEO Kelly Ortberg indicated that the company expects to reach a production rate of 47 737 jets per month not before early 2027. This revised timeline impacts the company's delivery goals. Additionally, Boeing anticipates slower free cash flow growth, projecting $3 billion for the upcoming year and $6 billion by 2028.