Q4 2025 Boeing Co Earnings Call Transcript
Key Points
- Boeing Co (BA) delivered 600 airplanes in 2025, the highest since 2018, and secured over 1,100 commercial orders, indicating strong market demand.
- The company has simplified over 5,100 work instruction documents, reducing complexity and supporting consistent performance.
- Production of the 737 is stabilizing at 42 airplanes per month, with plans to increase to 47, supported by a new North Line in Everett.
- The 787 program in Charleston is progressing well, with a 30% reduction in average rework hours and plans to increase production to 10 airplanes per month.
- Boeing Co (BA) completed the acquisition of Spirit AeroSystems, reinforcing efforts to improve safety and quality across operations and supply chain.
- Boeing Co (BA) reported a negative operating margin of 5.6% for its commercial airplanes segment, impacted by the acquisition of Spirit AeroSystems.
- The KC-46 Tanker program faced a $565 million loss due to higher production support and supply chain costs.
- Delays in certification timelines for the 737 MAX derivative and the 777-9 have been challenging, with certification expected in 2026.
- The 777X program identified a potential durability issue with its engine, requiring further investigation with GE.
- Free cash flow was only $375 million, slightly higher than expected, but still reflecting challenges in cash generation.
Thank you for standing by. Good day, everyone, and welcome to The Boeing Company's Fourth Quarter 2025 Earnings Conference Call. (Operator Instructions) Please be advised that today's call is being recorded. The management discussion and slide presentation, plus the analyst question-and-answer session are being broadcast live over the Internet. (Operator Instructions)
At this time, I'm turning the call over to Mr. Eric Hill, Vice President of Investor Relations for opening remarks and introductions. Mr. Hill, please go ahead.
Thank you, and good morning. Welcome to Boeing's quarterly earnings call. With me today are Kelly Ortberg, Boeing's President and Chief Executive Officer; and Jay Malave, Boeing's Executive Vice President and Chief Financial Officer.
This quarter's webcast, earnings release and presentation, which include relevant disclosures and non-GAAP reconciliations are available on our website.
Today's discussion includes forward-looking statements that are
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