Boeing's Backlog Grew to $745 Billion. The Question Remains How Fast It Can Fulfill It
Boeing is seeing increased demand for its aircraft models, including the 737 Max 10.
Boeing reported a record order backlog of $745 billion at the end of September, including over 6,300 commercial airplanes, in its third quarter earnings. However, the company's shares fell following management's comments on the timeline for fulfilling these orders. CEO Robert Kelly Ortberg stated that achieving the company's stability rate of 47 planes per month, which was set earlier this year, is taking longer than expected and won't be achieved until the back half of 2027.
Despite the delays, the 737 Max 10 model has received FAA certification and Boeing has secured a $20 billion contract with the U.S. Navy for its sixth-generation fighter aircraft. While the backlog provides confidence for future cash flow, Wall Street had projected higher earnings, and the company will need time to regain investor comfort.
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