Boeing CEO says ‘falling behind’ on 777X certification process

Boeing (BA) CEO Kelly Ortberg stated while speaking at Morgan Stanley’s Laguna Conference, according to a transcript of the event: “When you look at the certification progress, it’s still entering the service in 2026. Yeah. So the the mountain of work is still there. So the 777 on the 777X program. The good news is we’ve got five aircraft now into the test program. We’re flying a lot of sorties and there are no new technical issues on the airplane or the engine. So both the airplane and the engine are really performing quite well. But we are getting to a point in the certification program where we need to be burning down the certification. Think of it as for score completion of the task, and we are falling behind on the the certification in order to actually get the completion, we can go fly, but we can’t actually get the certification credit until we get this thing called a Tia . And you’ve probably seen where these Tia’s were getting incremental TS, which give us some limited capability of being able to get the the certification credit done. But we still don’t have authorization from the FAA for a good portion of the certification program. So we’re working through that right now with the FAA. But we are clearly behind our plan in getting the certification done. It’s something that I’ve asked Jay Malavi, who’s our new CFO, to spend some time as we come through this quarter, really looking at this, this schedule slip and understanding what what the implications are. And our go forward plan. And this really important because as you know, even a minor scheduled delay on the 777 program has a pretty big financial impact because we’re in a reach forward loss situation. So we’re looking at that real hard.”