NEW YORK (S&P Global Ratings) April 27, 2023--S&P Global Ratings today said that its ratings and outlook on Boeing Co. (BBB-/Negative/A-3) are unchanged following the company's recent earnings announcement. Notably, the company affirmed the previous guidance for its 2023 aircraft deliveries and free cash flow. This guidance was in question following management's recent disclosure that a manufacturing flaw in a 737 MAX fuselage fitting would require additional work to correct planes in production and inventory. While near-term delivery delays are likely, the downside risk to the company's earnings and cash flow from this issue appears to be relatively muted. Boeing's affirmation of its MAX delivery targets (though we believe it will not likely achieve the high end of its 400-450
