Boeing executives said Wednesday they plan to restore the planemaker's financial strength over the next three years after a series of losses following two 737 MAX crashes and other problems.
Boeing Chief Financial Officer Brian West said the company expects annual sales to reach about $100 billion by 2025 or next, a level not reported since 2018. The first of the two MAX crashes occurred at the end of that year, leading to the biggest crisis in the company's history.
Boeing CEO David Calhoun said the Arlington, Virginia-based aerospace company is determined to rise above the disruptions caused by the MAX crash, pandemic and other regulatory and stability issues in recent years and generate returns for shareholders.
"I just want to give the money back to you," Calhoun said at an investor conference at Seattle's Aircraft Delivery Center. "This company is big enough, it serves a big enough market — it's profitable enough to be able to do it, and it can do it predictably."
The company returned nearly $13 billion to shareholders in 2018 in the form of dividends and share buybacks. On Wednesday, it said investor payments could resume as early as 2026.
