Boeing shares drop nearly 10% amid production delays

Boeing shares fell approximately 10% following the company's announcement that it will miss production and delivery targets for 2026. CEO Kelly Ortberg stated that the company's recovery from recent crises is taking longer than anticipated due to persistent factory and supply chain issues.

The manufacturer has pushed back its goal of reaching a production rate of 47 Boeing 737 aircraft per month to early 2027, a target previously expected to be met by summer 2026. Production challenges also extend to the 787 Dreamliner, as well as wing manufacturing for the 777 cargo and 767 models.

In the third quarter, Boeing reported an adjusted loss of 34 cents per share, exceeding analyst expectations of a 21-cent loss. The commercial airplanes division recorded revenues of $10.7 billion alongside an operating loss of $697 million, driven by rising component costs and low-margin deliveries. The company requires approximately $3 billion in liquidity next year to fund production investments.