Boeing CEO Kelly Ortberg on Q4 results
Speakers
Kelly Ortberg
— CEO, Boeing
Jim Cramer
— Host, Mad Money
Summary
CNBC's Phil Lebeau interviews Boeing CEO Kelly Ortberg after the company's Q4 results. Ortberg highlights positive Q4 free cash flow, a recovery in commercial airplane production, and a 2026 outlook for $1B-$3B positive free cash flow on a path toward $10B. He also addresses the latest tanker charge, saying it won't derail the recovery and that Boeing is adding resources to ramp deliveries.
- Boeing shares moved lower in the premarket despite a revenue beat.
- CEO Kelly Ortberg says Q4 free cash flow turned positive again.
- Boeing expects $1B-$3B positive free cash flow in 2026.
- Longer-term target is $10B in free cash flow.
- 737 MAX production is moving from 42 to 47 per month in 2026.
- 787 production is moving from 8 to 10 per month in 2026.
- Boeing is investing in Everett and Charleston capacity expansions.
- Tanker program took another charge, but CEO says it won't derail recovery.
Ideas
Boeing recovery with rising free cash flow
Ortberg says Boeing closed 2025 well with free cash flow positive again in Q4 and is entering a recovery, driven by higher commercial airplane production rates. Management expects $1B-$3B positive free cash flow in 2026 and a methodical march toward $10B, supported by capacity investments for 737 MAX and 787 rate increases and a record backlog.
Up Next
This CNBC video, published January 27, 2026, features Kelly Ortberg discussing BA. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: Kelly Ortberg · Tickers: BA