...Reduced Risk Profile: The Boeing Company (BA) has lowered its risk profile by shifting a substantial number of employees to defined contribution plans, executing a significant number of aircraft production rate changes and signing long-term labor agreements. Fitch Ratings expects this progress will lead to a lower risk profile. However, the impact of the de-risking strategy may be partly offset by other factors, primarily related to cash deployment. Strong Commercial Aircraft Outlook: The Large Commercial Aircraft (LCA) market continues to be in a strong upturn, which is driving higher revenues and cash generation at Boeing Commercial Airplanes (BCA). BCA is currently experiencing a record operating environment in terms of orders, backlog and deliveries. The large order book, overbooked delivery slots and geographic diversity support the outlook for continued modest growth. Progress on 787 Program: The 787 program remains a key driver of BA's growth and competitive position. Many risks...
