Dive Brief:
- Boeing’s second quarter revenue increased 8% year over year, with the company generating about $24.6 billion due to growth across all three of its segments, the company announced Tuesday.
- Boeing’s financial gains are partly attributed to higher aircraft deliveries and defense product volumes, Executive VP and CFO Jesus Malave said on the call Tuesday.
- Looking ahead, the company aims to finish the year being cash flow positive, making between $1 billion to $3 billion, the CFO added.
Dive Insight:
Boeing’s revenue in the first half of 2026 generated about $47 billion, 11% more compared to the same period last year.
The aerospace giant credited its teams for increasing production to levels not seen since 2018, CEO and President Kelly Ortberg said.
The company spent billions of dollars to improve worker training and address issues to regain the Federal Aviation Administration’s trust after a mid-exit door plug that blew out midair involving their 737 Max aircraft in January 2024. The agency increased oversight and placed a production cap at 38 planes a month on Boeing’s 737 production at its facilities in Washington.
Boeing aims to deliver 500 737s and 90 to 100 787 planes by the end of 2026. The company’s current prouction capacity is at 47 737 planes a month, and Boeing is targeting to bump the rate to 52 with the opening of its new production line that opened this month at its Everett, Washington, facility, Ortberg said. The ultimate goal is to increase the production rate to 57 planes a month.
The company saw $631 million in free cash flow based on “favorable receipt timing,” which was higher than the expected “low hundreds of millions of dollars,” the CFO estimated during a Q1 earnings call.
The cash was also partially offset by planned expenditures on new products and growth. The company proposed an expansion project for its manufacturing campus in Mesa, Arizona, during a local design review board meeting on July 14. The plan includes a new 263,386-square-foot fabrication facility that will produce specialized carbon military parts, according to Mesa city council documents. The proposal also includes doubling the size of its existing central utility plant.
An investment was not disclosed in the project presentation. Mesa’s planning and zoning committee approved Boeing’s plan on July 22.
The Mesa campus manufactures the Apache and Little Bird helicopter models, according to the company’s career website. In November 2025, the U.S. Army awarded Boeing a $4.7 billion contract to build the new Apache AH-64E attack helicopters, Longbow Crew Trainers aircraft and associated components, spares and accessories. The work will be performed at the Mesa manufacturing campus with an estimated completion date of May 30, 2032.
Boeing's product deliveries in H1 2026
The company aims to up its monthly 787 production rate from eight to 10 later this year, with the goal of delivering 90 to 100 787s by year’s end. However, Boeing hit a snag with the Dreamliner’s engines in April. The company slowed production at its Charleston facility for a few days due to supply chain shortages and the factory recovered in May, according to a securities filing report.
GE Aerospace supplies the GEnx-1B engines to power Boeing’s Dreamliners. Ortberg said the company is currently working with GE on the engine delivery recovery, as the supplier is finalizing modifications with the FAA in its root cause analysis and solution. The engine recovery “will be important for our rate 10 timing,” Ortberg said.
“They have already incorporated the change into their production system and engine deliveries are expected to resume in the third quarter,” Ortberg said. “We continue to manage the entire production system for increased rates. Supply chain readiness, including engines, remains a key factor in our production and delivery plans next year.”
Additionally, Boeing broke ground on a $1 billion expansion and upgrade project for two 787 Dreamliner campuses in North Charleston, South Carolina, in November 2025.
Boeing is currently in labor negotiations with the Society of Professional Engineering Employees in Aerospace. The company began discussions with the union on July 6 to renew two contracts, which are set to expire Oct. 6. The company aims to reach new agreements before the deadline, Ortberg said.
