No one is buying Boeing (NYSE: BA) stock for what the company is now. Instead, the case for buying the stock rests on what it could become in the next few years. In that context, CFO Brian West's recent presentation at a Wolfe Research conference helped to restore investor confidence in Boeing's mid-term growth plans. Here are the key takeaways from West's presentations.

As a reminder, Boeing's key priority is to get to $10 billion in free cash flow (FCF) in the 2025 to 2026 timeframe. Doing so would enable Boeing to significantly reduce the debt it racked up due to a combination of the 737 MAX grounding and the travel restrictions imposed on the populace by governments. So, in a nutshell, FCF needs to go up, and debt needs to go down. 

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Source Fool.com