Boeing Sees Multi-Year Growth Opportunity as Production Picks Up

Boeing's Commercial Airplanes business is showing signs of improvement, with increased production and deliveries. The company delivered 171 commercial aircraft in the second quarter, with the 737 program transitioning to a production rate of 47 aircraft per month in July.

New aircraft programs could add long-term growth opportunities for Boeing. The 777X received FAA approval to begin certification flight testing under TIA 4B, while Boeing delivered its first 787 Dreamliners to Riyadh Air.

Boeing's defense programs are also moving into important stages, with the U.S. Navy's MQ-25A Stingray completing its first flight and being cleared for low-rate initial production. The company also began low-rate initial production of the U.S. Air Force's T-7A Red Hawk.

Global Services provides another source of demand through maintenance, training, and other aviation services. The segment generated second-quarter revenues worth $5.3 billion and ended the quarter with a $33 billion backlog.