Boeing delivered 537 commercial aircraft in the first 11 months of 2025, marking its highest annual pace since 2018. The company stabilized 737 Max production after lifting traveled-work practices and enhancing training, enabling monthly output to rise from 38 to 42 jets under the FAA’s revised cap. In November alone, Boeing handed over an estimated 61 jets, including 44 of its bestselling 737 Max. Production of the 787 Dreamliner also climbed toward a run rate of eight frames per month. These improvements follow the ramp-downs triggered by two fatal 737 Max crashes in 2018–19 and a 2024 door-plug blowout, as well as pandemic-related supply chain disruptions. Investors will watch Boeing’s Jan. 27 earnings call, where management will outline plans to boost 2026 production by increments of five aircraft, aiming to clear older inventory and meet robust order backlogs stretching into the mid-2030s.

In late December 2025, Boeing’s Defense, Space & Security unit secured two major Pentagon awards totaling $12.8 billion: a $4.2 billion contract for E-4B airborne command-center logistics services and an $8.6 billion order for up to 50 F-15IA fighters for Israel. These wins, representing roughly 73 percent of BDS’s 2024 revenue, bolster a segment that has posted a modest operating margin of under 2 percent so far in 2025. Additional contracts include $2.7 billion for Apache helicopter support and $2 billion for B-52 engine replacements, highlighting the high-margin after-market services on which Boeing Global Services depends. While Boeing’s commercial aircraft division still faces multi-billion-dollar annual losses, the steady, long-term revenue stream from maintenance, modifications and logistics reinforces overall cash flow and underpins the company’s broader financial recovery.