Boeing CEO notes “confidence” in defence arm despite 20% Q4 revenue loss
Boeing Defense, Space and Security saw USAF’s KC-46A orders boost its orderbook for Q4 2024. (Photo: Boeing)
Boeing CEO Kelly Ortberg indicated ongoing improvements were being made in its defence programmes going forwards, despite being affected in Q4 by cost pressures, higher manufacturing costs and the impact of the IAM strike.
Boeing has revealed a 20% revenue loss (US$5.4 billion) compared to 2023 and backlog of $64 billion for its defence arm in its Q4 earnings results on 28 January. It also delivered a total of 110 aircraft in 2024, versus a total of 157 in 2023 – a reduction of 35%.
On 23 January, the manufacturer released a preliminary statement noting the financial impacts on its Defence and Security programmes, with charges of $1.7 billion on the fixed-price programmes, namely the KC-46A, T-7A, Commercial Crew, VC-25B, and MQ-25 Stingray.
The manufacturer also disclosed that its fighter programmes saw
Already have an account? Log in
Want to keep reading this article?
More from Air Warfare
-
![Singapore’s Hermes 900 buy to enhance multi-domain ISR capabilities]()
Singapore’s Hermes 900 buy to enhance multi-domain ISR capabilities
Drawing on its endurance and substantial payload capacity, the Hermes 900 would provide a boost to Singapore’s ISR capabilities, particularly in the maritime domain.
-
![Dubai Airshow 2025: GA-ASI’s MQ-9B racks up new milestones with AEW demo planned]()
Dubai Airshow 2025: GA-ASI’s MQ-9B racks up new milestones with AEW demo planned
The company announced its demonstration timeline while confirming the MQ-9B had completed the platform’s third lifetime test.
-
![India reopens hunt for reconnaissance and surveillance helicopters]()
India reopens hunt for reconnaissance and surveillance helicopters
The extended deadline for vendors highlights the complexity of the procurement for India, with numerous vendors positioning themselves for the programme.
