Boeing CEO feels ‘very good’ about ability to be in positive cash in Q4

Boeing (BA) CEO Kelly Ortberg stated while speaking at Morgan Stanley’s Laguna Conference, according to a transcript of the event: “Yeah. So let me talk about the balance of this year. First. Look, it’s primarily driven by the production delivery. So good production deliveries means improved cash flow. I think the numbers that we’ve we’ve put out there are about right. Remember that we’ve got a potential large payment here in the third quarter, $700M associated with the DOJ settlement. That payment will be made when the judge finally rules on the the case. I don’t know when that’s going to be. If it we’ve got that planned to be in the third quarter and how we’ve kind of guided you on cash. If that slips out. Obviously the third quarter will be better. And that impact will be in the fourth quarter. But you set that set , that one kind of lumpy payment aside . I do feel very good about our ability to be in positive cash in the fourth quarter. Get into next year with the right focus and the right trajectory on cash. And I’m not going to tell you exactly what that’s going to be yet… Let me get through our planning process. Let’s get through this first rate increase . You know, we know that that generating cash is very important to the investors in the company. And we’re very keen on doing that. But it it really is a and I’ve said this all along, it’s it’s all about deliveries. We ramp up successfully the financials will follow. And so that’s what we’re super focused on.”