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Boeing

SPublic (NYSE: BA)Founded 1916🇺🇸Arlington, Virginia
CEO

Kelly Ortberg

Data verified as of Jul 21, 2026

Summary

Boeing is one of the world's largest aerospace companies, spanning commercial airplanes, defense and space systems, and aftermarket services. After a deeply disrupted 2024, Boeing improved materially through 2025 and into 2026: it delivered 600 commercial aircraft in 2025, then opened 2026 with 143 commercial deliveries, $22.2B of Q1 revenue across all three segments, a record $695B total backlog, and a narrower core loss. The company completed the Spirit AeroSystems reacquisition in December 2025, and in May 2026 confirmed it had passed the FAA capstone review to lift 737 MAX output to 47 jets per month. Boeing remains one of the two central global commercial-jet manufacturers alongside Airbus, with its near-term trajectory hinging on the 737 ramp, 777X certification, and sustained progress on safety and quality reforms.

Company OverviewRead the long-form profile of Boeing

Products & Subsidiaries

737 MAX

737 MAX

In Production

Boeing's current single-aisle aircraft family, spanning the 737-7 through 737-10, built around improved LEAP-1B engines, lower fuel burn, and broad commonality for airline operators.

In active production and airline service worldwide, with the line cleared to rate 47/month after the May 2026 FAA capstone review and a fourth final-assembly line opening at Everett. As of mid-July 2026 the MAX 7 has finished certification flight testing (deliverables ~95% complete, certification expected within weeks) and the MAX 10 is ~98% through, targeting approval by year-end — alongside delivered MAX 8 and MAX 9 variants.

Passenger Capacity138–230 (variant dependent)
Range3,100–3,800 nmi (5,740–7,040 km)
Engines2 × LEAP-1B from CFM International
First FlightJanuary 29, 2016
Orders~7,100 cumulative gross (since 2011); ~4,830 net backlog
787 Dreamliner

787 Dreamliner

In Production

Wide-body long-haul twin-engine aircraft family built around composite structures, lower fuel burn, and route-opening flexibility for airlines.

In active production at Boeing's Everett and North Charleston facilities. Three variants: 787-8, 787-9 (most popular), and 787-10. Deliveries continued through H1 2026 (25 787s delivered in Q2 2026).

Passenger Capacity248–336 (variant dependent)
Range6,330–7,565 nmi (11,730–14,010 km)
Composite Airframe50% composite materials by weight
Engines2 × GEnx-1B or Trent 1000
Delivered1,200+
777X

777X

In Development

Next-generation wide-body twin-engine aircraft and the world's largest twin-engine jetliner, featuring folding wingtips, composite wings, and GE9X engines.

Flight testing and certification work continue as Boeing advances the 777-9 passenger model and the 777-8 Freighter toward entry into service. In July 2026 Boeing quietly revised the family's published performance, lifting the 777-8 to 9,500 nmi and the 777-9 to 8,000 nmi of range (each up more than 700 nmi) and updating advertised two-class capacity.

Passenger Capacity350–450 (variant dependent)
Range8,000–9,500 nmi (14,820–17,600 km)
Engines2 × GE9X by GE Aerospace
Wingspan71.8 m extended, 64.9 m on ground
First FlightJanuary 25, 2020
United Launch Alliance logo

Joint Venture

United Launch Alliance

B

United Launch Alliance is Boeing and Lockheed Martin's launch-services joint venture for U.S. national security, NASA, and commercial customers. ULA says it has achieved more than 150 consecutive launches since 2006, and on July 2, 2026 it retired Atlas V from the Amazon campaign by flying Amazon's eighth and final Atlas V Leo mission (LEO 8) — taking ULA's Amazon Leo deliveries to 226 satellites across eight Atlas V flights — shifting the remaining Amazon backlog entirely onto Vulcan Centaur, which returned to national-security flight on June 11, 2026 with USSF-106 after resolving the February 12, 2026 USSF-87 solid-rocket-motor anomaly. Longtime CEO Tory Bruno resigned in December 2025 and joined Blue Origin's National Security Group; COO John Elbon is serving as interim CEO while ULA targets a 2026 cadence of 20-25 launches.

Wisk Aero logo

Subsidiary

Wisk Aero

B

Wisk Aero is Boeing's wholly-owned autonomous air taxi subsidiary, pursuing the industry's most distinctive strategy: skipping piloted service entirely. Its Generation 6 aircraft — the first candidate for FAA type certification of an autonomous eVTOL — carries four passengers with no pilot aboard, flown by onboard automation under ground-based multi-vehicle supervisors. Formed in 2019 as a Boeing–Kitty Hawk joint venture carrying forward the Cora program (Boeing took full ownership in 2023), Wisk has flown 1,750+ test flights across six aircraft generations. Gen 6 made its first flight in December 2025, a second aircraft joined the certification campaign in May 2026, and in March 2026 Wisk and Texas were selected under the White House-backed eIPP to lead the introduction of autonomous air taxi flight in the U.S. Launch markets are Houston, Los Angeles, and Miami around 2030, with Brisbane targeted by the 2032 Olympics.

What's Next

777-9 certification and first delivery

As of mid-July 2026 the 777-9 test fleet has logged more than 4,800 flight hours across roughly 1,700 flights and is about 50% through planned certification testing, with the TIA 5 block and ETOPS-focused test blocks remaining after the FAA granted TIA Phase 4B in June 2026. FAA Administrator Bryan Bedford has signaled that 777X type certification will come in 2027, after the agency finishes the higher-priority 737 MAX 7 (summer 2026) and MAX 10 (year-end) work — effectively ruling out a 2026 certification while Boeing continues to target first delivery to Lufthansa in 2027. Boeing is also still managing a GE9X engine durability issue.

2027 (cert); 2027 (first delivery)

737 MAX 7 and MAX 10 certification

As of the Farnborough Airshow (July 20, 2026) the MAX 7 has finished certification flight testing with deliverables 95% complete, leaving final FAA submittals and production certification of the redesigned engine anti-ice system — Boeing's 737 derivatives program manager signaled certification is imminent, potentially before the end of July 2026, putting the MAX 7 on course to be certified first. The MAX 10 is 98% through certification flight testing, with remaining work concentrated on development-assurance reviews and system-safety assessments; the FAA is targeting MAX 10 approval before year-end. Certification clears the way for launch customers Southwest and Ryanair — Southwest, which holds ~90% of MAX 7 orders, expects to begin MAX 7 operations in Q1 2027.

Summer 2026 (MAX 7 cert); year-end 2026 (MAX 10)

Ramp 737 MAX to rate 52 via the Everett North Line

With rate 47 cleared by the FAA in May 2026, Boeing's next narrow-body milestone is rate 52 in early 2027 — built around the new Everett 'North Line', the first 737 final-assembly line outside Renton. Boeing is set to begin assembling 737 MAX jets (starting with the MAX 10) on the North Line around July 6, 2026.

July 2026 (line opens); early 2027 (rate 52)

Bed in the Spirit AeroSystems integration

With the December 2025 acquisition closed and ~15,000 Spirit employees folded into Boeing, the focus shifts to translating it into measurable quality gains — Boeing reports a 45% drop in 737 fuselage defects since 2024 — and stabilising rail deliveries of 737 fuselages from Wichita as the line ramps to 47/month and the new Everett North Line opens (July 6, 2026). In June 2026 Boeing backed the integration with a $2.35B reinvestment in the Wichita campus ($1B infrastructure plus $1.35B machinery and equipment, ~150 new jobs).

2026

Keep executing the safety and quality plan

Boeing's recovery still depends on sustaining its Safety Management System rollout, factory-level quality controls, and stronger safety governance across Commercial Airplanes as production rates climb. Passing the FAA's capstone review to run the 737 line at rate 47 in May 2026 was an explicit validation of those quality gates; lifting further toward rate 52 (and ultimately 63) remains contingent on holding defect rates down as Spirit AeroSystems is folded back in.

2026

Recent News

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Operations & Revenue

StatusOperating

Operating across Commercial Airplanes, Defense Space & Security, and Global Services. Boeing opened 2026 with $22.2B of Q1 revenue (+14% YoY), 143 commercial deliveries, and a record $695B total backlog, while narrowing its core loss to ($0.20) per share and improving free cash flow to ($1.5B) from ($2.3B) a year earlier. The commercial recovery is showing in volumes — 250 aircraft delivered through May 2026 (up from ~220 a year earlier), with a best-of-year 60 jets in May. Defense, Space & Security returned to positive operating margin at 3.1% on 21% revenue growth, helped by KC-46 and classified programs. The 737 MAX line is running at 47/month after passing the FAA capstone review in May 2026, and Boeing opens a fourth 737 final-assembly line — the Everett 'North Line', starting with the MAX 10 — on July 6, 2026 as it works toward rate 52. Spirit AeroSystems is now integrated (backed by a $2.35B June 2026 Wichita reinvestment), a June 26 China Southern 777 freighter order marked a rare mainland-China win, and 777X / 737 MAX 7 and 10 certification work continues.

Revenue Streams

Commercial Airplanes

Design, manufacturing, and sale of commercial jet aircraft including the 737, 787, and 777 families. Boeing's largest revenue segment.

Defense, Space & Security

Military aircraft, satellites, missile defense systems, and government services including the F/A-18, KC-46, and Space Launch System.

Global Services

Aftermarket support, maintenance, training, spare parts, and digital aviation solutions for commercial and government customers.

Key Metrics

Employees

~182,000

Est. Annual Revenue

$89.5B (FY 2025); $22.2B in Q1 2026 (+14% YoY)

Revenue (FY 2025)

$89.5B

Q1 2026 Revenue

$22.2B (+14% YoY)

Employees

~182,000 (as of Dec. 31, 2025)

Q1 2026 Commercial Deliveries

143 aircraft (114 737, 15 787, 8 777F, 6 767)

May 2026 Commercial Deliveries

60 aircraft (51 737 MAX, 8 widebodies); best month of 2026; commercial backlog 6,758

2026 Deliveries (through May)

250 aircraft YTD (198 737 MAX, 2 737NG), up from ~220 a year earlier

H1 2026 Commercial Deliveries

314 aircraft (171 in Q2: 129 737, 25 787, 10 767, 7 777) — best first half since 2018

June 2026 Orders & Deliveries

64 aircraft delivered (~50 737 MAX) and 121 gross orders booked, incl. China Southern Cargo (5 777-8F + 4 777F) and China Airlines (2 777F)

Farnborough 2026 Orders (opening day)

~128 aircraft (nearly 150 with options), incl. SMBC 100 737 MAX (60 MAX 10 + 40 MAX 8) and up to 20 787-10 from Philippine Airlines

Total Backlog (Mar. 2026)

$695B (incl. 6,100+ commercial aircraft)

Market Cap

~$171B (stock ~$217, mid-Jul. 2026)

Timeline

2026First Lufthansa 777-9 takes flight

Boeing flies the first production-conforming 777-9 (registration WH128) from Everett on May 7, 2026 — the sixth 777-9 to fly but the first built to delivery standard with Lufthansa's fully outfitted passenger cabin, a key step toward 2027 entry into service.

2026China confirms order for 200 Boeing jets

On May 20, 2026 China's Ministry of Commerce confirmed an agreement for Chinese carriers to purchase 200 Boeing aircraft — plus engines and spare parts — following a Trump-Xi summit in Beijing. It marks China's first major Boeing order in nearly a decade (the last was in 2017). The jets, expected to be heavily weighted toward the 737 MAX, are to be allocated among Air China, China Eastern and China Southern, with Boeing then negotiating firm contracts carrier by carrier; officials framed aviation as a key area of U.S.-China cooperation.

2026FAA clears 737 MAX rate-47 capstone review

CEO Kelly Ortberg confirms on May 27, 2026 that Boeing has passed the FAA capstone review for 47 737s per month and is now running the line at rate 47, the first step toward the long-stated ambition of 52 and ultimately 63 jets per month.

2026Best delivery month of 2026 with 60 jets in May

Boeing delivered 60 commercial aircraft in May 2026, its strongest month of the year and up from 47 in April, including 51 737 MAX jets as the narrowbody line recovered from a wiring issue. The month left Boeing's commercial backlog at roughly 6,758 aircraft and signaled its 737 production recovery was gaining pace, with single-aisle jets accounting for 52 of the deliveries.

2026777-9 clears FAA's TIA Phase 4B test block

Boeing Commercial Airplanes CEO Stephanie Pope confirms in early June 2026 that the FAA has granted the 777-9 Type Inspection Authorization (TIA) Phase 4B, unlocking the largest remaining block of certification flight testing — covering avionics, stability and control, and human-factors work. Phase 4B is the last of the program's five TIA phases carrying a significant workload, keeping the long-delayed widebody on track for certification later in 2026 and first deliveries in early 2027.

2026$2.35B reinvestment in the Wichita (ex-Spirit) campus

Boeing commits to a major reinvestment in its Wichita, Kansas campus — the former Spirit AeroSystems site reacquired in December 2025. An initial $1B buildings-and-renovations program announced May 11, 2026 is expanded to a $2.35B total ($1B infrastructure plus $1.35B machinery and equipment) and roughly 150 new high-wage jobs by June 11, 2026, with CEO Kelly Ortberg framing it as upgrading facilities, expanding employee training, and strengthening the production system. Boeing shares rose about 4.8% on the news.

2026China Southern orders 777 freighters in Boeing's China comeback

China Southern Airlines disclosed on June 26, 2026 an order valued at about $3.62 billion for seven Boeing freighters — two 777Fs and five next-generation 777-8Fs — plus options for three additional 777-8Fs. It marks a notable win for Boeing in mainland China, where new orders had largely dried up over the prior decade amid trade tensions, and adds backlog for the still-in-development 777X freighter line.

2026Fourth 737 line ('North Line') opens in Everett

Boeing held a ribbon-cutting on July 10, 2026 for its new 737 MAX 'North Line' at the Everett, Washington factory — a roughly $1 billion, fourth final-assembly line and the first time 737s have been built outside the Renton plant since production consolidated there in 1970. Assembly work (starting with the MAX 10) began July 6 and the first Everett-built jet is expected to roll out by year end. Boeing frames the line, which adds nearly 1,000 jobs, as the platform for pushing 737 MAX output beyond the current rate of 47 jets per month toward 52 and ultimately 63 aircraft per month as it works down a backlog of roughly 6,700 aircraft.

2026Boeing details 'final steps' toward MAX 7, MAX 10 and 777-9 certification

Ahead of the Farnborough Airshow, Boeing disclosed on July 16, 2026 that certification of its long-delayed jets is entering the home stretch. The 737 MAX 7 has finished certification flight testing with deliverables 95% complete (686 flight-test hours over 441 flights plus 349 ground-test hours), leaving final FAA submittals and production certification of the engine anti-ice fix — putting it on course to be certified first, potentially within weeks. The MAX 10 is 98% through certification flight testing (about 2,060 flight hours, 972 test flights), with remaining work concentrated on development-assurance reviews and system-safety assessments, still targeting approval by year-end. The 777-9 test fleet has logged more than 4,800 flight hours across roughly 1,700 flights and is about 50% through planned certification testing, with TIA 5 and ETOPS test blocks remaining and first delivery still targeted for 2027.

2026Order flurry on Farnborough Airshow opening day

Boeing opened the Farnborough International Airshow on July 20, 2026 with commitments for roughly 128 aircraft (nearly 150 including options). The centerpiece was lessor SMBC Aviation Capital's order for 100 737 MAX jets (60 MAX 10 and 40 MAX 8) — SMBC's first purchase of the higher-capacity MAX 10. Boeing also booked widebody demand, including up to 20 787-10s from Philippine Airlines (15 firm plus 5 options) and a 787 Dreamliner fleet expansion from Saudi Arabia's Riyadh Air. Management signaled it was prioritizing production stability and delivery-slot discipline over chasing headline orders, and said it was studying 737 MAX production-rate increases beyond the current 47 per month.

2025Spirit AeroSystems acquisition closes

Boeing completes the reacquisition of Spirit AeroSystems in December 2025, bringing 737, 767, 777, and 787 aerostructures and aftermarket operations — and roughly 15,000 employees — back in house to tighten quality and supply-chain control.

2024Kelly Ortberg named CEO

Kelly Ortberg is appointed president and CEO of Boeing, tasked with leading the company through quality and safety reforms.

2020737 MAX return to service

The FAA clears the 737 MAX to resume flights after Boeing implements software updates, pilot training changes, and design modifications.

2019737 MAX grounding

The 737 MAX is grounded worldwide following two fatal crashes (Lion Air Flight 610 and Ethiopian Airlines Flight 302), killing 346 people. The grounding lasts nearly two years.

2017737 MAX enters service

The 737 MAX, Boeing's latest narrow-body aircraft with new CFM LEAP engines, enters service with Malindo Air.

2011787 Dreamliner enters service

The 787 Dreamliner enters commercial service with All Nippon Airways, marking a new era of fuel-efficient wide-body aircraft.

2004787 Dreamliner program launched

Boeing launches the 787 Dreamliner program, featuring a revolutionary composite fuselage and improved fuel efficiency.

1997Merger with McDonnell Douglas

Boeing merges with McDonnell Douglas in a $13 billion deal, creating the world's largest aerospace company at the time.

1969Boeing 747 first flight

The Boeing 747 'Jumbo Jet' makes its maiden flight, becoming the world's first wide-body commercial airliner and revolutionizing long-haul air travel.

1958Boeing 707 enters service

The Boeing 707, the company's first commercial jet airliner, enters service with Pan American World Airways, ushering in the jet age.

1916Founded

William Boeing incorporates Pacific Aero Products Co. in Seattle, Washington; renamed Boeing Airplane Company in 1917.

Funding

RoundDateAmountInvestorsSource
IPO1962Listed on NYSEPublic markets
Revenue (FY 2025)2025$89.5BCommercial, Defense & Space, Global Services