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CLAIM #9102 · The Boeing Company (BA) · 2023Q3 earnings call · Oct 25, 2023 · due Dec 31, 2024

But we expect to be higher. It’s too early to be that specific, but it will be underwritten by higher BCA deliveries, both on the 37 and the 87.

Brian West · CFO

PENDING
graded after results covering Dec 31, 2024 are reported

In context

, 2024, 2025 and 2026, given all that’s occurred here, particularly in the defense business here since you lead out those goals at your Investor Day last year, whether the quantum of cash that you expect to generate over those four years has changed materially? Thanks. Brian West: Yes. Thanks, Jason. Let me start with the quantum and the 2025, 2026 time frame. It’s $10 billion. And we continue to have line of sight to hitting that target. I think that’s most important. In terms of how we get from where we land in 2023 to that moment, yes, going to be some things we’ve got to deal with, not going to be linear, but we’ve got some things that feel good about in terms of momentum. Let me just highlight a few. Of course, we’ll be more specific in January on next year’s free cash flow guidance. But we expect to be higher. It’s too early to be that specific, but it will be underwritten by higher BCA deliveries, both on the 37 and the 87. We’ll have made progress on the inventory wind down that Dave mentioned. And we’re also going to factor in the 777X ramp. So those things are pretty discrete, and we just got to follow our ability to deliver in a stable environment. BGS will be steady. BDS, as you point out, we expect cash flows next year to be better than there this year, but still likely a drag, mostly factoring in the impact of some of the charges that you mentioned that we just got to put behind us. So, we’ll spell all of this out in January once we finish our planning cycle and get through 2023. But the most important thing to remember is that quantum in 2025, 2026 is $10 billion. And all of the levers that we have to go from where we land this year to at that point are still very clear to us and underwritten by exec

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SEC filings for BA · Claim quote is verbatim from the 2023Q3 earnings call.