Boeing Generates Stronger Free Cash Flow as Deliveries Increase

Core Insights - Boeing reported better-than-expected fourth-quarter free cash flow of $375 million, surpassing Bloomberg consensus expectations of $271.9 million, indicating progress in operational performance and safety execution [1] Financial Performance - Revenue from the commercial airplanes division increased to $11.4 billion, more than doubling from the previous year and exceeding forecasts, driven by increased production of the 737 program and the acquisition of Spirit AeroSystems for $4.7 billion [2] - Boeing delivered 160 aircraft during the quarter, with a backlog of over 6,100 airplanes valued at a record $567 billion [3] - In the defense sector, revenue rose to $7.4 billion, a 37% year-over-year increase, despite losses related to the KC-46A Pegasus tanker program, with the defense backlog reaching an all-time high of $85 billion [3]