Boeing selloff overdone despite CEO's production comments, BofA says

Industry & Services Aerospace Written by: Angela Harmantas 12:24 Fri 18 Sep 2026 --> Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. She earned a Bachelor of... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Boeing Co ( NYSE:BA XETRA:BCO ) View Price & Profile Boeing selloff overdone despite CEO's production comments, BofA says Published: 12:24 18 Sep 2026 EDT Boeing Co (NYSE:BA, XETRA:BCO) is on track to end the week down 6% after CEO Kelly Ortberg flagged continued headwinds on the 737 and 787 production ramps, along with a further delay to 777X certification. But Bank of America called the market reaction overdone, noting that Boeing's turnaround was never going to follow a straight line. Earlier this week, Ortberg disclosed that 777X certification testing is now expected to slip into 2027, marking another delay for a program already seven years behind schedule. The CEO attributed the certification delay to a pending approval for a more durable seal on the GE9X engine that powers the 777X, supplied by GE Aerospace. Boeing maintained that first deliveries remain on track for next year, in line with Bank of America's estimate of zero 777X deliveries in 2026 and 10 in 2027. The analysts pointed to noticeable improvement compared with a year ago and said the bigger near-term risk is a potential SPEEA strike, with the union's current contract set to expire October 6. On the 737 program, Ortberg's comments that the production ramp has yet to stabilize at 47 aircraft per month were seen as the most market-moving remark. Bank of America said the bottleneck remains in-house wing production, though the broader supply chain is holding up and Boeing has plans in place to address it. The analysts noted this kind of growing pain is typical when scaling production of a large, complex aircraft. On a more positive note, Boeing expects certification of the 737 MAX 10 variant "very soon." That variant makes up 30% of Boeing's 737 backlog and is viewed as a key free cash flow driver. Bank of America's 2026 forecast of 519 737 deliveries remains unchanged. Bank of America said Ortberg's comments add some risk to its 2026 free cash flow estimate of $2.4 billion but said it remains comfortable with that forecast for now. Continue reading