Boeing Stock Plunges on MAX Production Delay

Boeing's (BA) shares fell by 3.64% on Wednesday after CEO Kelly Ortberg announced that stabilizing 737 MAX production is taking longer than planned.

Although management still guides to $1 to $3 billion of free cash flow for 2026 and calls the long-term $10 billion figure 'very attainable', the delay has made it more expensive due to a higher discount rate applied to that trajectory.

The company's record total backlog of $715 billion, including a commercial backlog of over 6,200 aircraft valued at $597 billion, is still seen as a major asset for the firm.