Boeing’s Chief Financial Officer Jay Malave said Tuesday that the company’s recovery is "in full force" while speaking at a UBS conference.

Boeing shares jumped 7.1% in morning trading.

Malave indicated that Boeing plans to complete its purchase of Spirit AeroSystems this year, though he noted that November deliveries were "a little light."

Looking ahead, Boeing expects increased deliveries for both its 737 and 787 aircraft in 2026 compared to 2025. The company anticipates certification of the 737 MAX 10 in late 2026.

On the financial front, Boeing projects a $2 billion free cash outflow for 2025, but expects to achieve low single-digit positive free cash flow in 2026. Malave mentioned that the Department of Justice penalty would shift into 2026.

The defense division is on track to generate high single-digit margins, according to the CFO.

While Malave stated that a $10 billion long-term cash goal is possible, he acknowledged that Boeing is "not there" yet to consider investor returns.