Boeing (BA, Financial) just logged its strong month in 2025—and the market is paying attention. The company delivered 41 jets in March, a solid lift from 29 a year ago and bringing its Q1 total to 130, up from 83 last year. While slightly behind January and February, this recovery in deliveries is being overshadowed—in a good way—by a blockbuster month of new orders: 163 net orders, including 88 for the 737 MAX. That haul includes major wins from BOC Aviation, Japan Airlines, and Korean Air. Boeing also booked 11 777 freighters and 53 Dreamliners, pushing its order backlog to a hefty 5,648 aircraft. In a business where cash flow is tied to completed deliveries, this kind of order momentum is a bullish signal.

But this isn't full throttle just yet. Ongoing production issues still loom. Airbus (EDASY), which delivered 136 jets in Q1, is also running into engine shortages due to delays at GE and Safran's CFM joint venture. Meanwhile, one of Boeing's key suppliers—Howmet Aerospace (HWM, Financial)—is already warning that a new wave of tariffs, if enacted, could disrupt shipments. Add in Boeing's regulatory hurdles and lingering labor tensions, and the runway ahead isn't exactly smooth. Supply chain friction remains the biggest constraint across the entire aerospace sector.

Still, the March numbers offer something Boeing hasn't had in a while: clear demand visibility. Leasing firms are back in bulk, freight carriers are doubling down, and airlines across Asia are placing multi-year bets. Investors should keep their eyes on execution—because the orders are coming in fast, but revenue only hits when planes get out the door. Boeing has a shot to turn this backlog into a real comeback story, but as always, it's what gets delivered that counts.