Boeing signaled Tuesday that it could raise up to $25 billion in new stock or debt to shore up its balance sheet after years of heavy losses.
The company said in back-to-back regulatory filings that it could raise the cash over the next three years and enter into a new borrowing agreement with lenders.
Boeing has lost more than $25 billion since the start of 2019, and its finances are under new pressure as a strike by workers who build most of its jets enters a second month. The strike is cutting into cash, which Boeing receives only when it delivers new planes to buyers.
Boeing has spent more than $1 billion in cash and ended September with $10.3 billion in cash and securities.
On Friday, new Chief Executive Officer Kelly Ortberg said Boeing will cut about 10% of its workforce -- around 17,000 jobs -- and pushed back the release of a new model of its large 777 airliner.
Production of current models of the 777 and Boeing's best-selling plane, the 737 Max, have been halted by the strike.
Boeing's securities filings Tuesday are called shelf registrations, which indicate that a company has the ability to raise funds without committing to doing anything.
The company also said that it entered into a $10 billion supplemental credit agreement with several leading U.S. banks.
Shares of The Boeing Co, based in Arlington, Va., rose less than 1% Tuesday.