Jefferies' FCF forecasts have now been reset lower. The broker now projects a $2.6 billion outflow for 2025, followed by $3.5 billion in 2026, down from $5.5 billion previously, and $7.3 billion in 2027. It noted that cash usage for the 777X program alone is expected to reach $3.9 billion in 2025 and $3.4 billion in 2026 before easing. Despite the reduced outlook, the analysts still expect cash flow to climb toward $10.6 billion in 2028 and $13 billion in 2029 as deliveries ramp. The 777X backlog stands at 565 jets, with Emirates and Qatar Airways accounting for the largest share of orders. Production is expected to step up to 60 aircraft annually between 2027 and 2031. Related articles Boeing stock target cut at Jefferies as 777X certification falls behind schedule