Boeing(BA) ZACKS·2025-01-20 15:51Core Insights - Boeing reported a significant decline in both commercial and defense deliveries for Q4 2024, with a year-over-year decrease of 63.7% in commercial shipments and 33.3% in defense shipments, totaling 93 units compared to 211 in the previous year [1] Group 1: Commercial Deliveries - Boeing's commercial deliveries fell to 57 airplanes in Q4 2024 from 157 in the prior year, primarily due to a drop in 737 deliveries [2] - 737 shipments decreased to 36 from 110 year-over-year, while 787 deliveries dropped to 15 from 23 [2] - The company delivered three 767 jets in Q4 2024, down from 15 in the same period last year [2] Group 2: Defense Deliveries - Defense deliveries were reported at 36 airplanes in Q4 2024, down from 54 in the prior year [4] - The company delivered 10 remanufactured AH-64 Apache helicopters compared to 19 in the same quarter of 2023 [4] - No KC-46 Tankers were delivered in Q4 2024, a decrease from nine in the previous year, and F-15 model shipments fell to two from three [4] Group 3: Competitive Landscape - In comparison, Airbus delivered 766 commercial aircraft in 2024, significantly outpacing Boeing's 348 deliveries, with Boeing's deliveries reflecting a decline of 34.1% while Airbus saw an increase of 4.2% [5] - Embraer delivered a total of 206 aircraft in 2024, including 31 commercial and 44 executive jets [6] Group 4: Market Performance - Boeing's stock has increased by 9.6% over the past three months, contrasting with a 5.5% decline in the industry [9] - Boeing currently holds a Zacks Rank of 3 (Hold) [10]