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- Boeing's Backlog Grew to $745 Billion. The Question Remains How Fast It Can Fulfill It
Boeing reported an adjusted loss of $0.34 per share, worse than the $0.21 loss Wall Street expected, although revenue of nearly $24.2 billion beat the $23.84 billion forecast. Its total order backlog hit a record $745 billion at the end of September, including over 6,300 commercial airplanes and up about $30 billion from the prior quarter. However, CEO Robert Kelly Ortberg said the 737 Max has not yet reached its stability rate of 47 per month and may not be fully stable at that rate until next year, pushing the target of 52 per month to the second half of 2027, and the stock fell nearly 10.7% on Oct. 27. The 737 Max 10 recently received FAA certification and has over 1,500 orders, while the U.S. Navy selected Boeing for a $20 billion contract to build its sixth-generation fighter aircraft. Ortberg expects free cash flow of about $2 billion this year and $10 billion by 2029, below the $12.5 billion Wall Street consensus had modeled for 2029 before the report.
- RTX Has a $340 Billion Backlog and Trades at 32 Times Earnings. Is It the Best Defense Stock to Buy Right Now?
The article says RTX's recent results strengthened the investment case, with management raising guidance for sales, earnings and cash flow, and a $340 billion backlog. The stock trades at 32 times trailing earnings. The author benchmarks it against Lockheed Martin (13.8 times 2027 operating income on analyst consensus) and GE Aerospace (25.1 times), assuming 30% of Collins Aerospace and Pratt & Whitney is defense and 70% commercial aerospace, which implies 21.7 times. Using expected 2027 net debt of $22.6 billion, the theoretical value is about $186 per share versus the current $192. The author concludes RTX looks fairly valued relative to peers and is more a long-term buy-and-hold stock than a clear bargain.
- Boeing shares slide on a disappointing cash flow update. Why this dip is buyable
Boeing shares fell about 10% on Tuesday to a fresh 52-week low after the company gave long-term free cash flow guidance below expectations, even though third-quarter revenue of $24.19 billion rose 4% year over year and beat forecasts. Free cash flow of $464 million beat the $330 million expected, and Boeing kept its $2 billion expectation for 2026. However, it now sees free cash flow of $3 billion in 2027 and $6 billion in 2028, reaching its $10 billion target in 2029, a year later than Wall Street had modeled. The company ended the quarter with a record $745 billion backlog, and CEO Kelly Ortberg said customer demand has not changed. The author views the report as a clearing event, reiterating a buy-equivalent 1 rating while lowering the price target to $225.
- The big reason Boeing's stock is falling so hard after earnings
- JetBlue Airways Corporation Q3 2026 Earnings Call Summary
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