Fourth Quarter 2025 Earnings Review Kelly Ortberg President and Chief Executive Officer January 27, 2026 Copyright © 2026 Boeing. All rights reserved. Caution Concerning Forward-Looking Statements Certain statements made today constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "may," "will," "should," "expects," "intends," "projects," "plans," "believes," "estimates," "targets," "anticipates," and other similar words or expressio ...

Core Insights - Boeing is facing significant challenges, with shares down nearly 7% year-to-date and an 11% drop in the past month, while Wall Street forecasts a $1.25 per-share loss for the first quarter [1][2] - The company announced a $10.55 billion all-cash deal to sell parts of its Digital Aviation Solutions business to Thoma Bravo, which includes key assets like Jeppesen and ForeFlight, expected to close by the end of 2025 [2][3] - This asset sale is part of Boeing's strategy to focus on core businesses, improve its balance sheet, and maintain an investment-grade credit rating [2][3] Financial Performance - Boeing's stock has been under pressure, with technical indicators showing a bearish trend despite a slight boost from the recent deal [4] - The average consensus price target for Boeing is $199.68, but recent analyst ratings suggest a target of $146.33, indicating a potential 8.6% downside from current levels [5] Market Sentiment - The recent asset sale is seen as a move to restore investor confidence amid ongoing production setbacks and cash flow issues [3][5] - Technical indicators such as the 20-day, 50-day, and 200-day simple moving averages are signaling negative momentum, with a MACD of negative 2.55 and a Relative Strength Index of 49.22 suggesting the stock is in a neutral position [4]

Core Transaction Details - Boeing has entered into a definitive agreement to sell parts of its Digital Aviation Solutions business, including Jeppesen, ForeFlight, AerData, and OzRunways, to Thoma Bravo for $10.55 billion in cash [1] - The transaction is expected to close by the end of 2025, pending regulatory approval and customary closing conditions [5] Strategic Focus - Boeing will retain core digital capabilities that utilize aircraft and fleet-specific data for maintenance, diagnostics, and repair services, ensuring continued predictive maintenance insights for customers [2] - The transaction aligns with Boeing's strategy to focus on core businesses, enhance the balance sheet, and prioritize maintaining an investment-grade credit rating [3] Management Insights - Boeing's leadership emphasizes the importance of this transaction in allowing different parts of the digital portfolio to concentrate on their strengths while continuing to meet customer needs [4] - Thoma Bravo expresses confidence in the growth potential of the acquired assets, highlighting the historical significance of Jeppesen in technological innovation within the aerospace and defense industry [4] Employee Transition - Approximately 3,900 employees are involved in Boeing's Digital Aviation Solutions organization, with efforts being made to ensure a smooth transition for employees during the sale [4] Company Backgrounds - Boeing is a leading global aerospace company and a top U.S. exporter, involved in the development, manufacturing, and servicing of commercial airplanes, defense products, and space systems [6] - Thoma Bravo is one of the largest software-focused investors globally, managing over $179 billion in assets and having a strong track record in backing technology companies [7]