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 awaits USMC decision on Logistics Connector programme]()
Airbus awaits USMC decision on Logistics Connector programme
Airbus has been advancing development of its uncrewed MQ-72C Logistics Connector for the US Marine Corps, with a decision on the programme expected in early 2026.
-
![Belgium considers additional F-35 order to boost fleet]()
Belgium considers additional F-35 order to boost fleet
The statement from Prime Minister Bart De Wever during a parliamentary session follows the country’s Easter Agreement which would see it increase defence spending to 2% of GDP by the end of 2025.
-
![Northrop Grumman notes $477 million loss as it manages higher B-21 programme costs]()
Northrop Grumman notes $477 million loss as it manages higher B-21 programme costs
In its Q1 earnings call, the company disclosed a US$477 million pretax loss related to the programme as it works to scale up.
-
![Lockheed Martin wants to “supercharge” F-35 after NGAD loss]()
Lockheed Martin wants to “supercharge” F-35 after NGAD loss
The investment in technologies developed for Next Generation Air Dominance (NGAD) aircraft bid will now be applied to its F-35 and F-22 aircraft, according to Lockheed Martin CEO James Taiclet.
