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
-
![Airbus to fly new CUAS UAV prototype this year]()
Airbus to fly new CUAS UAV prototype this year
The counter-UAS prototype, named Low-cost Air Defence or ‘LOAD’, will be used to combat kamikaze UAS.
-
![Boeing to remanufacture five more US Army MH-47G Block II Chinooks]()
Boeing to remanufacture five more US Army MH-47G Block II Chinooks
The contract award, worth $240 million, is part of the ongoing effort by the US Army to modernise its Block II Chinook rotorcraft fleet.
-
![Avalon 2025: BAE Systems eyes customers for its Strix after initial flight]()
Avalon 2025: BAE Systems eyes customers for its Strix after initial flight
The Strix test effort suffered a setback last year when the prototype incurred minor damage in a hard landing during its second trial flight.
