RE:All about deliveries True. Good post.
I can add that the highly seasonal rate of deliveries is the problem. Negative FCF the first half on the year and a bonanza of cash in Q4.
If they were able to adopt a more regular scedule, the focus could be different.
Imagine a regular 12 jets a month scedule. The stock would lost its volatility and would fly higher.
Can they do things differently? I don't know.