Boeing's (NYSE: BA) recent results highlighted the case for the stock but perhaps not in the way many investors might think. In truth, they were mixed. However, Boeing's management has conservatively guided expectations, and the stock's valuation is such that merely meeting its medium-term guidance leaves Boeing stock looking like a good value at the moment. 

To understand the importance of each segment to Boeing's 2025/2026 goals, it's a good idea to go back to the investor conference in November. Back then, management outlined expectations for segment operating cash in 2023 and in 2025/2026 (meaning between the two years).

Most of the heavy lifting will be done by the commercial airlines (BCA) segment as it executes against its multiyear backlog -- more on that in a moment. However, to hit the 2025/2026 target, Boeing will also need to generate significant improvement in its defense, space security (BDS) segment.

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Source Fool.com