来源：滚动播报 波音股价上涨6.5%，为4月23日以来最大盘中涨幅。 ...

Group 1 - Boeing's CFO Jay Malave stated that the company's recovery is "in full force" during the UBS Global Industrials and Transportation Conference [1] - November deliveries for Boeing are expected to be "a little light" due to the holiday season [1] - Boeing's sales in November fell compared to the previous two years, with 44 deliveries reported [2]

Core Viewpoint - Boeing anticipates an increase in deliveries for its 737 and 787 jets in the upcoming year, which positively impacted its stock price, rising approximately 6% during morning trading [1] Group 1 - The finance chief of Boeing provided insights regarding the expected higher deliveries of the 737 and 787 models [1] - The announcement led to a notable increase in Boeing's share price, reflecting investor confidence [1]

Core Viewpoint - Boeing (BA.US) shares rose over 6% in pre-market trading, reaching $198.30, following the announcement of its long-term cash flow target of $10 billion being feasible and the expectation that the U.S. Department of Justice's penalty decision will be delayed until 2026 [1][1][1] Group 1 - Boeing aims to achieve a long-term cash flow target of $10 billion, indicating positive financial outlook [1] - The increase in delivery volume next year is expected to be a key driver for positive cash flow [1] - The U.S. Department of Justice's decision regarding penalties related to the 737 MAX incident is anticipated to be postponed until 2026 [1]

Core Viewpoint - Boeing (BA.US) shares rose over 6% to $198.30, driven by the company's assertion that achieving a long-term cash flow target of $10 billion is feasible, with increased delivery volumes next year expected to be the main driver of positive cash flow [1] Group 1 - Boeing anticipates that the U.S. Department of Justice's decision regarding penalties will be delayed until 2026 [1] - The company is facing penalties related to the 737 MAX incident [1]

Boeing Company Conference Call Summary Company Overview - **Company**: The Boeing Company (NYSE: BA) - **Date**: December 02, 2025 - **Event**: UBS Industrials Conference Key Points Company Culture and Management - The new representative has spent significant time in Boeing's factories, emphasizing the importance of understanding daily operations and culture [2][3] - Observations indicate a strong management team with a focus on improvement and a performance-oriented culture [3][4] - Active management is highlighted as a key approach, with a willingness to engage directly in problem-solving [4][5] Production and Delivery Updates - Boeing is currently stabilizing production rates for the 737 and 787 models, with expectations to increase output in 2026 [8][10] - For 737 deliveries, the company anticipates around 440-450 deliveries for the current year, with a shift to production rollouts for future deliveries [12][13] - The 737-10 certification is expected later in the year, impacting delivery timelines [13] Financial Outlook - The company expects to see year-over-year growth in cash flow, projecting low single-digit positive free cash flow for 2026 despite increased capital expenditures [25][28] - A significant Department of Justice payment originally anticipated for 2025 has been pushed to 2026, affecting cash flow projections [25][26] - Boeing's cash balance is projected to be around $29 billion by the end of the year, bolstered by the Jeppesen divestiture [39] Defense and Space Segment - The defense segment is showing signs of stabilization, with expectations for improved margins and performance in the coming years [19][21] - The new representative will gain access to the defense segment in January, with a focus on understanding and mitigating risks [18][20] Future Growth and Challenges - Boeing aims to achieve a cash flow generation target of $10 billion, contingent on successful delivery rates and program certifications [33][34] - The company is cautious about launching new aircraft programs, emphasizing the need for market readiness and technological advancements [41][42] - There are ongoing challenges related to legacy deliveries and inventory management, which are expected to improve with increased production rates [27][31] Conclusion - The conference call provided insights into Boeing's operational improvements, financial outlook, and strategic focus on stabilizing production while preparing for future growth opportunities [45]

Group 1 - Boeing's stock price increased by 3.2% in pre-market trading on December 2 [2]

波音股价盘前涨幅扩大至3.2%。 来源：滚动播报 ...

格隆汇12月2日｜波音预计2025年自由现金流将出现20亿美元净流出，并预计美国司法部处罚决定将推 迟至2026年。 ...

Forward-Looking Statements - Certain statements constitute "forward-looking statements" under the Private Securities Litigation Reform Act of 1995 [3] - These statements are based on expectations and assumptions that may not be accurate [3] - Actual results could differ materially due to various risks, uncertainties, and circumstances [3] - The company assumes no obligation to update or revise any forward-looking statement [4] Risk Factors - General economic and industry conditions, including regulatory changes, pose risks [3] - Reliance on commercial airline customers is a significant factor [3] - The health of the aircraft production system and production quality issues are critical [3] - Dependence on subcontractors and suppliers, as well as labor and raw material availability, are important [3] - The pending acquisition of Spirit AeroSystems Holdings, Inc presents both opportunities and risks [3] - Potential business disruptions, including IT system threats and extreme weather, could have adverse effects [3]