Jim Cramer - Mad Money Boeing BA-N BUY ON WEAKNESS Jul 21, 2025

The CFO recently made comments: the troubled 737 is closer to resuming production, as the 787 could increase production later this year. Really, the 737 is more important. Also, their ailing defence business is starting to stabilize and recover, though their commercial business could improve. Maybe cash flow will improve; there are signs it is already. They won't be hit by tariffs, because 80-90% of their supply chain is in the US. They have a half-trillion-dollar backlog Last Friday, the US Air Force awarded Boeing the contract for fighter jets. He'd like to see a few good quarters of stronger results, and it's early in this turnaround though it's getting its act together. Also, Boeing enjoys little competition and airplane demand is strong.

Reputation has fallen on 737 MAX troubles, including management mishandling. Not the Boeing of 20-30 years ago. Cashflow issues. With current state of the world, have to question how firm its international business is.

They had a last good quarter; it was the first time their commercial aircraft margins were up 290 basis points YOY and has 7 years' worth of a backlog. Things--and the culture--are changing.

He just bought it. He sees a return to normalization for Boeing in a nice turnaround after getting nothing right for a while.

He hopes their troubles are behind them but as an equity investor is not sure if he sees the light at the end of the tunnel yet. There are only three companies in the world that make planes and global travel is growing. It has some logistics issues and has received some significant slaps on the wrist by the transportation board. There is a lot of debt but the order book is pretty filled up. He thinks there has been some change in management.

Too much reputational damage. Reputations are easily lost. Before the Max 737, Boeing had a spotless record.

They just announced huge Q2 deliveries. He sees this flying much higher.