Boeing Company (BA)

In April 2025, Boeing's stock trended lower due to China's order for its airlines to halt Boeing aircraft deliveries. In the second quarter of 2025, Boeing reported revenues of $22.7 billion, a 35% increase from the previous year, and a 63% rise in commercial aircraft deliveries compared to Q2 2024. The 787 Dreamliner fleet surpassed 1 billion passengers in April 2025. As of October 2025, Boeing is preparing to ramp up production of its 737 MAX aircraft, potentially reaching 42 units per month as early as October, and aiming for 53 jets a month by late 2026, pending U.S. government approval. This production increase follows a surge in overseas orders for the 737 line from airlines in China, Uzbekistan, and Turkey.

Historically, Boeing's stock has shown seasonal strength between mid-October and early December, with an average annualized return of 68.38% and a 70% win rate over the past 20 years, delivering an average profit of 7.98% during this period. Boeing forecasts global demand for 43,600 new commercial aircraft deliveries over the next 20 years. Demand for passenger travel continues to recover, although production capacity is still constrained. Boeing anticipates that aircraft supply will begin to align with demand towards the end of the decade, as current lower output levels due to supplier delays and production bottlenecks are gradually resolved. Narrowbody airplanes are expected to constitute a larger share of the global fleet.

The Boeing Co. is a global aerospace company involved in designing, manufacturing, and selling airplanes, rotorcraft, rockets, satellites, and missiles, as well as providing leasing and product support services. Boeing operates within the Aerospace & Defense sector and industry, structured into three main business units: Commercial Airplanes; Defense, Space & Security; and Global Services. Major products include commercial jet aircraft like the 737, 767, 777, and 787 families, military aircraft such as the F-15 Eagle and AH-64 Apache helicopter, and space systems including satellites and the CST-100 Starliner spacecraft. The Global Services segment offers aftermarket support, including supply chain and logistics management, engineering, maintenance, and training systems.

Boeing's global reach extends to customers in approximately 150 countries, with employees and operations in more than 65 countries. The company maintains manufacturing, service, and technology partnerships with companies and governments globally and works with over 20,000 diverse suppliers and partners. Boeing is the largest exporter in the United States by dollar value. Its corporate offices are located near Washington, D.C., in Arlington, Virginia. Key manufacturing facilities for commercial airplanes are in Washington state (Renton and Everett) and North Charleston, South Carolina.

Boeing's brand reputation has faced significant challenges over the past year. In October 2024, new documents revealed that Boeing failed to respond to safety issue requests from Ethiopian Airlines prior to a fatal 737 MAX crash. A major strike by 33,000 unionized workers impacted deliveries for seven weeks before a new contract was approved in early November 2024. Earlier in the year (January 2024), a high-profile door plug blowout on an Alaska Airlines 737 MAX 9 further compounded manufacturing quality issues and led to a lawsuit settlement. Boeing posted a significant loss of US$11.8 billion in 2024, bringing its total losses since 2019 to over US$35 billion.

The ownership structure of Boeing (BA) stock is primarily institutional, with approximately 71.70% to 74.51% held by institutional investors. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., Fmr Llc, Capital Research Global Investors, State Street Corp, Newport Trust Co, and Capital World Investors. Individual insider ownership is relatively small, around 0.07% to 1.11%. Top individual shareholders have included David L. Calhoun, Stanley A. Deal, and Theodore Colbert III, though Calhoun resigned and Deal retired in 2024. John F. McDonnell is noted as a significant individual shareholder, owning 4.48 million shares.