A giant American maker of passenger jets and military hardware, Boeing builds the familiar 737, 767, 777, and 787 airliners flown by airlines worldwide, plus fighter jets, weapons, satellites, and maintenance services for governments and carriers. It began in 1916 when Seattle lumberman William Boeing, tired of waiting months for a seaplane part, built his own plane in a boathouse with a Navy engineer, naming the company Pacific Aero Products before renaming it after himself a year later. Their first aircraft, the "B&W" seaplane, was named for the founders' initials.
Boeing appoints Ryan L. Shedd as Senior Vice President and Controller, effective after 2026 Form 10-K filing.
Shedd will also serve as principal accounting officer, succeeding Michael J. Cleary, who plans to retire in 2027 after over 20 years with the company.
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Ryan L. Shedd was appointed Senior Vice President and Controller, effective the first business day after Boeing files its Form 10-K for fiscal year 2026.
Shedd joins Boeing in September 2026 as Senior Vice President, Finance, after nearly two decades at Ernst & Young LLP, most recently as Assurance Partner since July 2021.
His compensation includes a $600,000 annual base salary, a target annual incentive of 70% of base salary, a target long-term incentive of 170% of base salary (starting 2027), and a $300,000 cash sign-on award subject to repayment conditions.
Shedd will be based in Seattle, Washington and is eligible for relocation benefits under Boeing's relocation policy.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Boeing Q2 2026 revenue rose 8% to $24.6B, with GAAP loss per share of ($0.67).
Second quarter 2026 revenue was $24.6 billion, up 8% from $22.7 billion a year ago, driven by 171 commercial deliveries.
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GAAP net loss was $428 million, or ($0.67) per diluted share; core loss per share (non-GAAP) was ($0.76).
Operating cash flow was $1.4 billion and free cash flow (non-GAAP) was $0.6 billion in the quarter.
Total company backlog reached a record $715 billion, including over 6,200 commercial airplanes.
Commercial Airplanes segment revenue was $11.8 billion with a (2.7)% operating margin; Defense, Space & Security revenue was $7.5 billion with a (0.2)% margin; Global Services revenue was $5.3 billion with an 18.1% margin.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Boeing shareholders elect 12 directors and approve executive pay at April 17, 2026 annual meeting.
All 12 director nominees were elected, with Robert Kelly Ortberg receiving the most votes (532,227,508 for) and Robert A. Bradway the fewest (490,089,100 for).
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Advisory vote on named executive officer compensation passed with 484,097,165 votes for and 55,595,642 against.
Ratification of Deloitte & Touche LLP as independent auditor for 2026 passed with 633,969,482 votes for.
Shareholder proposal on a board committee for disability access failed, with 521,642,088 votes against.
Shareholder proposal for action by written consent failed, with 325,275,102 votes against.
5.07 Submission of Matters to a Vote of Security Holders
Boeing reports Q4 2025 revenue of $23.9 billion, GAAP EPS of $10.23, driven by a $9.6 billion gain on sale.
Fourth quarter 2025 revenue was $23.9 billion, up 57% from $15.2 billion in Q4 2024, with 160 commercial deliveries.
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GAAP earnings per share was $10.23, including an $11.83 per share benefit from the $9.6 billion gain on the Digital Aviation Solutions sale.
Operating cash flow was $1.3 billion and free cash flow (non-GAAP) was $0.4 billion in the quarter.
Full year 2025 revenue was $89.5 billion with 600 commercial deliveries, the highest annual totals since 2018; backlog reached a record $682 billion.
Commercial Airplanes segment reported a Q4 operating loss of $632 million; Defense, Space & Security reported a loss of $507 million; Global Services reported earnings of $10.5 billion including the gain.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Boeing completes acquisition of Spirit AeroSystems, announced December 8, 2025.
The acquisition includes Spirit's Boeing-related commercial operations, such as fuselages for the 737 program and major structures for the 767, 777, and 787 Dreamliner, plus P-8 and KC-46 fuselages.
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Boeing completed its acquisition of Spirit AeroSystems, a Delaware corporation, as announced in a press release on December 8, 2025.
Spirit Defense is established as an independent, non-integrated subsidiary of Boeing Defense, Space & Security to ensure uninterrupted support for U.S. defense and space programs.
Spirit's Belfast, Northern Ireland operations will operate as an independent subsidiary branded Short Brothers, a Boeing Company.
Approximately 15,000 teammates across sites in Wichita, Dallas, Tulsa, and Prestwick are becoming part of Boeing.
The report was filed under Item 7.01 Regulation FD Disclosure, with the press release furnished as Exhibit 99.1.
7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Boeing elects Bradley D. Tilden, former Alaska Air Group CEO, to its board effective Dec. 3, 2025.
Tilden will serve on the Aerospace Safety Committee and the Finance Committee.
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Bradley D. Tilden, former chairman, president and CEO of Alaska Air Group, was elected to Boeing's board effective December 3, 2025.
He will participate in Boeing's nonemployee director compensation program as described in the 2025 proxy statement.
No arrangements or related person transactions were disclosed in connection with his selection.
Tilden is the 12th board member and the 10th new director added since 2019.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits