Boeing keeps making airplanes. That's the headline from the aerospace giant's latest delivery update, and honestly, after the last few years, "keeps making airplanes" is a pretty good headline.

Boeing Company (NYSE: BA) delivered 161 commercial aircraft in the third quarter of 2026, bringing its total deliveries for the first nine months of the year to 475. The company announced the figures Tuesday, and also reported 33 deliveries across its defense, space and security programs.

The 737 Does the Heavy Lifting

Boeing delivered 124 737 aircraft during the July-September quarter, pushing year-to-date deliveries for the program to 367. That single model accounted for about 77% of Boeing's commercial aircraft deliveries during the quarter. If Boeing is a delivery machine, the 737 is the engine.

The rest of the commercial lineup breaks down like this: 22 787 Dreamliners, 10 767 aircraft and five 777 jets in the quarter. For the first nine months of 2026, Boeing has delivered 62 787 aircraft, 26 767 jets and 20 777 aircraft.

Defense and Space Add 33 Deliveries

On the defense side, Boeing's defense, space and security division reported 33 deliveries during the quarter, bringing its year-to-date total to 98.

The mix included 15 AH-64 Apache helicopters, made up of 12 remanufactured units and three new aircraft. Boeing also delivered seven KC-46 tankers, three CH-47 Chinook helicopters, two F-15 fighters and two F/A-18 aircraft. Add one MH-139 helicopter and three commercial and civil satellites to the list.

One notable blank spot: no P-8 aircraft deliveries during the quarter.

Boeing noted the figures remain preliminary until it releases its quarterly financial results. So think of this as a production snapshot, not the full financial picture.

What Wall Street Expects When Earnings Land Oct. 27

Boeing is scheduled to report third-quarter earnings Oct. 27. Analysts expect a loss of 19 cents per share, compared with a loss of $7.47 per share a year earlier. Revenue is projected at $24.50 billion, up from $23.27 billion in the year-ago quarter.

The stock carries a consensus Buy rating, with an average analyst price forecast of $274. Recent analyst actions include Bernstein lowering its price forecast to $278 while maintaining an Outperform rating Oct. 12. TD Cowen cut its price forecast to $240 and maintained a Buy rating Oct. 9, while Barclays initiated coverage with an Overweight rating and a $300 price forecast the same day.

The Chart Is Still Ugly

Here's where the story gets less cheerful. Boeing stock remains in a bearish trend, trading below its major moving averages. The stock sits 4% below its 20-day simple moving average, 11% below its 50-day SMA, 13.6% below its 100-day SMA and 16.1% below its 200-day SMA.

The bearish death cross that formed in September remains intact, with the 50-day SMA below the 200-day SMA. That's the technical equivalent of a frown.

There is one small silver lining: the moving average convergence divergence (MACD) indicator has moved above its signal line, and the positive histogram suggests selling pressure may be easing.

Boeing faces resistance near $215.50, with additional resistance around its 200-day SMA of $219.78. On the downside, immediate support stands near $184. A break below that level could put the 52-week low of $176.77 in focus.

Where the Stock Stands Now

Boeing shares were down 1.10% at $184.44 at the time of publication Wednesday, according to market data.