The Boeing Company. (NYSE:BA) Q3 2024 Earnings Conference Call October 23, 2024 10:30 AM ET

Company Participants

Matt Welch - Vice President, Investor Relations
Kelly Ortberg - President and Chief Executive Officer
Brian West - EVP & Chief Financial Officer

Conference Call Participants

Myles Walton - Wolfe Research
David Strauss - Barclays
Sheila Kahyaoglu - Jefferies
Doug Harned - Bernstein
Ron Epstein - Bank of America
Seth Seifman - JPMorgan
Peter Arment - Baird
Noah Poponak - Goldman Sachs
Scott Deuschle - Deutsche Bank
Jason Gursky - Citi
Cai von Rumohr - TD Securities
Richard Safran - Seaport Research Partners

Operator

Thank you for standing by. Good day, everyone, and welcome to the Boeing Company's Third Quarter 2024 Earnings Conference Call. Today's call is being recorded. The management discussion and slide presentation plus the analyst question-and-answer session are being broadcast live over the Internet. [Operator Instructions]

At this time, for opening remarks and introductions, I am turning the call over to Mr. Matt Welch, Vice President of Investor Relations for the Boeing Company. Mr. Welch, please go ahead.

Matt Welch

Thank you, and good morning. Welcome to Boeing's quarterly earnings call. I am Matt Welch, and with me today are Kelly Ortberg, Boeing's President and Chief Executive Officer; and Brian West, Boeing's Executive Vice President and Chief Financial Officer. And as a reminder, you can follow today's broadcast and slide presentation at boeing.com.

Projections, estimates and goals included in today's discussion involve risks, including those described in our SEC filings and in the forward-looking statement disclaimer at the beginning of the presentation. We also refer you to the disclosures relating to non-GAAP measures in our earnings release and presentation.

Now I will turn the call over to Kelly Ortberg.

Kelly Ortberg

Thanks, Matt, and thanks to everyone for joining today's call. Let me start by saying that it's an honor to be leading the Boeing Company. I've spent my entire career in the aerospace and defense business and one constant has always been the critical role that Boeing plays, not just to the A&D industry, but to our national security and the overall global economy. But we're clearly at a crossroads. The trust in our company has eroded or saddled with too much debt. We've had serious lapses in our performance across the company, which have disappointed many of our customers.

But by the same token, we have great opportunities ahead. Our company backlog is roughly $0.5 trillion. We have a customer base that wants us and needs us to succeed. We have employees who are thirsty to get back to the iconic company they know, setting the standard for the products that we deliver.