Fitch Sees Boeing's Operational Execution & Profitability Improvement To Drive Its Rating Over Next 2 Years

March 11 (Reuters) - FITCH:

• FITCH: SEES BOEING'S OPERATIONAL EXECUTION, PROFITABILITY IMPROVEMENT, BALANCE SHEET MANAGEMENT AS MAIN DRIVERS FOR ITS RATING OVER NEXT 2 YEARS

• FITCH: BELIEVES BOEING'S INITIAL POST-STRIKE OPERATIONAL PROGRESS PAVES WAY TO PRODUCE 38 UNITS PER MONTH IN 3Q25

• FITCH - MORE IMMINENT CHALLENGE FACED BY BOEING'S DEFENSE, SPACE & SECURITY SEGMENT IS ITS LOSS-MAKING LEGACY CONTRACTS

• FITCH: BELIEVES BOEING MANAGEMENT WILL LIKELY MANAGE AND, IN SOME CASES, DIVEST NON-CORE COMPONENTS OF BDS PORTFOLIO OVER NEXT FEW YEARS

• FITCH: CONTINUES TO FORECAST BOEING'S FCF IN MID-SINGLE-DIGIT BILLIONS, GROSS DEBT BELOW $50 BILLION, AND EBITDA LEVERAGE UNDER 4X IN 2026

• FITCH ON BOEING: DOES NOT VIEW RISK OF RETALIATORY TARIFFS ON U.S.-MADE AIRCRAFT AS A SIGNIFICANT RATING DRIVER

• FITCH ON BOEING: LOSSES ARE LIKELY TO PERSIST UNTIL FIXED-PRICE DEVELOPMENT PROGRAMS, FIGHTER AND SATELLITE PROGRAMS CONCLUDE IN COMING YEARS