Boeing said it is making steady progress on commercial aircraft production and certification programmes, while continuing to face headwinds from supplier pressures, cabin interior certification delays and the financial drag from its Spirit AeroSystems acquisition.
Speaking at the Bank of America Global Industrials Conference on March 17, Boeing CFO Jesus Malave said Boeing Commercial Airplanes delivered 600 aircraft in 2025, its highest annual total since 2018, and is targeting further gains this year. On the 737 programme, Boeing expects to deliver more than 500 aircraft in 2026, supported by the current production rate of 42 per month and a planned move to 47 per month around mid-year.
Malave said the new 737 line in Everett remains on track, with first aircraft expected to begin building this summer. Renton will remain capable of producing 47 aircraft per month, with output above that level to be supported by Everett over time.
However, Boeing warned that supply chain pressures will become tighter beyond rate 47, particularly for engines, where demand from both the aftermarket and OEM channels is stretching availability. On the 787, the airframer is also dealing with premium seating certification delays and some interior quality issues, although it still expects to deliver 90-100 aircraft this year and raise production from eight to 10 per month in the second half.
On certifications, Malave said the 737-7 and 737-10 remain on track for certification in the second half of 2026, with deliveries beginning in 2027. The 777X is still expected to be certified and enter service in 2027, with long-term production expected to reach about five aircraft per month.
Financially, Boeing said BCA margins will remain negative this year, partly due to the integration of Spirit AeroSystems, with first-quarter margins seen at around negative 7.5%-8%. Boeing also expects roughly $4 billion of capex in both 2026 and 2027, while cash flow will be weighed down this year by 777X development spending and a DOJ-related payment.
A recent wiring issue affecting about 25 737s has already been addressed, with deliveries resumed and only around 10 first-quarter deliveries expected to slip into the second quarter, Boeing said.