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 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?
Read this Article
Get access to this article with a Free Basic Account
- Original curated content, daily across air, land and naval domains
- 2 free stories per week
- Daily news round-up email service
- Access to all Decisive Edge email newsletters
Unlimited Access
Access to all our premium news as a Premium News 365 Member. Corporate subscriptions available.
- Original curated content, daily across air, land and naval domains
- 14-day free trial (cancel at any time)
- Unlimited access to all published premium news
More from Air Warfare
-
Sikorsky advances Black Hawk modernisation with new engine ground tests
The UH-60 helicopter ground run test of the T901 engine is the first in a set of tests for boosting the helicopter’s range and lift capacity. The first flight of the improved engine Black Hawk is anticipated for later in 2025.
-
Third Australian Triton UAS completes testing
Australia received its first MQ-4C Triton uncrewed aerial system (UAS) in August last year with another two expected to be delivered this year.
-
US Navy’s next-generation sensor for Super Hornets achieves Initial Operating Capability
The full rate production decision is scheduled for first-half 2025 and this will authorise the US Navy (USN) to fully outfit its carrier-based F/A-18E/F Super Hornet squadrons with InfraRed Search-and-Track (IRST) Block II.
-
USAF conducts first F-16 Block 70 flight of L3Harris’ Viper Shield
The Viper Shield electronic warfare suite was tested by the US Air Force’s 412th Test Wing at Edwards Air Force Base, with L3Harris aiming for deliveries of the system to international customers by late 2025.