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
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