Boeing is on the verge of receiving Federal Aviation Administration (FAA) approval for its 737 MAX 10 aircraft, with reports indicating clearance could come as soon as next week. The certification for Boeing's largest 737 variant, a direct competitor to the Airbus A321neo, follows the completion of a key safety review. The MAX 10 makes up a significant portion of the 737 backlog, and its approval is a critical step for future deliveries and cash flow.
The positive certification news arrives as analysts note the stock has been pressured by rising interest rates despite strong September orders. The focus for investors now shifts to the company's upcoming earnings call on October 27 for updates on production stability and its 2026 free cash flow guidance. Concurrently, the company announced a leadership change, with jetliner sales chief Brad McMullen set to retire in December, to be succeeded by Ryan Weir.