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Boeing
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Updated Aug 28, 2026
Boeing refinances $3B revolving credit facility and amends two existing lines, maintaining $5B minimum liquidity covenant
Boeing executed a $3.0 billion 364-day revolving credit facility with Citibank and JPMorgan on August 24, 2026, replacing an identical facility expiring the same day. Simultaneously, Boeing amended its May 2024 five-year facility ($4.0B, now terminating May 15, 2030) and August 2023 five-year facility ($3.0B, now terminating August 24, 2029) to extend each by 365 days and impose a new $5.0 billion minimum liquidity covenant across all three facilities. All credit agreements carry standard debt-to-capital covenants limiting consolidated debt to 60% of total capital. This is a routine refinancing with tightened financial covenants—not an emergency facility—reflecting Boeing's ongoing capital markets access and the market's current view of its credit profile.
Tone: neutralRevenue
$89.5B
BA 10-K · FY 2025
Employees
182,000
Revenue FY2024
$66.5B
Founded
1916
Profile
BA 10-K Item 1 · Jan 30, 2026Boeing is one of the world's largest aerospace and defense manufacturers, operating across three segments: Commercial Airplanes, Defense Space and Security, and Global Services. The company develops and produces commercial jetliners, military aircraft, weapons systems, satellites, and space exploration systems. It also provides a broad range of aftermarket services to commercial and defense customers worldwide.
Read filing description ↓ Collapse description ↑
The Boeing Company, together with its subsidiaries, is one of the world's major aerospace firms. We are organized based on the products and services we offer. We operate in three reportable segments: Commercial Airplanes (BCA); Defense, Space and Security (BDS); and Global Services (BGS). BCA develops, produces and markets commercial jet aircraft principally to the commercial airline industry worldwide. We are a leading producer of commercial aircraft and offer a family of commercial jetliners designed to meet a broad spectrum of global passenger and cargo requirements of airlines. This family of commercial jet aircraft in production includes the 737 narrow-body model and the 767, 777 and 787 wide-body models. Development continues on the 777X program and the 737-7 and 737-10 derivatives. BDS engages in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for strike, surveillance and mobility, including fighter and trainer aircraft; vertical lift, including rotorcraft and tilt-rotor aircraft; and commercial derivative aircraft, including anti-submarine and tanker aircraft. In addition, BDS engages in the research, development, production and modification of strategic defense and intelligence systems, satellite systems, including government and commercial satellites and space exploration. BGS provides services to our commercial and defense customers worldwide and sustains aerospace platforms and systems with a full spectrum of products and services, including supply chain and logistics management, engineering, maintenance and modifications, upgrades and conversions, spare parts, pilot and maintenance training systems and services, technical and maintenance documents, and digital solutions and analytics.
Primary products
- 737 narrow-body commercial jetliner
- 767 wide-body commercial jetliner
- 777 wide-body commercial jetliner
- 787 wide-body commercial jetliner
- 777X (in development)
- 737-7 derivative (in development)
Business segments
End markets
Geographies
Named customers
We derive a significant portion of our revenues from a limited number of commercial airlines.
Named competitors
“We are one of the two major manufacturers of 100+ seat airplanes for the worldwide commercial airline industry and one of the largest defense contractors in the U.S.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Revenues increased by $22,946 million in 2025 compared with 2024, primarily driven by higher revenues at BCA due to higher deliveries, as well as higher volumes at BDS and BGS.
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