Boeing (BA) CEO expects FCF of around USD 2bln in 2026, improving to roughly USD 3bln in 2027 and USD 6bln in 2028, before reaching its USD 10bln FCF target in 2029

• Expects 787 deliveries to be near 90/yr in 2026.
• Missed the 737 delivery target due to stability issue delays.
• Anticipates that the 777-9 will be certified before mid-2027.

Long-dated free cash flow glidepaths of this kind are a recurring feature of Boeing's investor communications, and the market's treatment of them has historically hinged less on the terminal number than on the near-term steps, since the programme has repeatedly pushed the long target out while the nearer-year figures carry the actual information. The missed 737 delivery goal is the more consequential disclosure: with the narrowbody programme, the recurring pattern has been that delivery slippage flows almost mechanically into cash generation and working capital, and credibility built on rate stability has tended to unwind quickly when milestones slip again. The 787 cadence guidance near 90 a year frames the widebody ramp as the near-term cash driver, making monthly delivery tallies the operative tell rather than annual targets. On the 777-9, certification timing has been a serial slippage point in this programme's history, so language pinning it before mid-2027 sets a deadline against which any regulatory or flight-test noise will be measured; past episodes show certification drift re-rates both the FCF back-half of the glidepath and supplier chains tied to the widebody complex. The next catalysts are the quarterly cash prints, delivery tracker data on both the 737 and 787 lines, and any shift in certification milestones from the regulator.