Boeing Reports Second-Quarter Results

Total company backlog at quarter-end remained healthy at $474 billion and included net orders of $9 billion.

Segment Results

Commercial Airplanes













Table 4. Commercial Airplanes

Second Quarter




First Half



(Dollars in Millions)

2019


2018


Change


2019


2018


Change













Commercial Airplanes Deliveries

90


194


(54)%


239


378


(37)%













Revenues

$4,722


13,952


(66)%


$16,544


$26,897


(38)%

(Loss)/Earnings from Operations

($4,946)


$1,785


NM


($3,773)


$3,197


NM

Operating Margin

(104.7)%


12.8%


NM


(22.8)%


11.9%


NM

Commercial Airplanes second-quarter revenue was $4.7 billion reflecting the previously announced 737 MAX charge and lower 737 deliveries partially offset by favorable mix (Table 4). Second-quarter operating margin was (104.7) percent reflecting the previously announced 737 MAX charge and lower 737 deliveries partially offset by a higher margin on the 787 program.

During the quarter, Commercial Airplanes delivered 90 airplanes, including 42 787s, and captured orders for two 777 freighters for DHL and six 767 freighters for FedEx. Highlights from the Paris Air Show included a letter of intent from IAG for 200 737 MAX airplanes as well as several wide body commitments. The 777X program is progressing well through pre-flight testing. While the company is still targeting late 2020 for first delivery of the 777X, there is significant risk to this schedule given engine challenges, which are delaying first flight until early 2020. 

Commercial Airplanes backlog remains healthy with more than 5,500 airplanes valued at $390 billion.

Defense, Space & Security













Table 5. Defense, Space & Security

Second Quarter




First Half



(Dollars in Millions)

2019


2018


Change


2019


2018


Change













Revenues

$6,612


$6,100


8%


$13,223


$12,581


5%

Earnings from Operations

$975


$376


159%


$1,822


$1,133


61%

Operating Margin

14.7%


6.2%


8.5 Pts


13.8%


9.0%


4.8 Pts


« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12  Next Page »



Review Article Be the first to review this article
Featured Video
Editorial
Jobs
Director, Industrial Machinery Solutions- SISW PLM for Siemens AG at Livonia, Michigan
Product Design Engineer - Softgoods for Apple Inc at Cupertino, California
Senior Highway Engineer for RS&H at Jacksonville, Florida
GIS Developer for City of Ithaca at ithaca, New York
GIS Business Development Professional for Surveying And Mapping, LLC at , Any State in the USA
ASIC Architects and Hardware Engineers at D. E. Shaw Research for D. E. Shaw Research at New York, New York
Upcoming Events
Southtec 2021 at Greenville Convention Center Greenville, SC - Oct 26 - 28, 2021
AeroDef Manufacturing 2021 at (Long Beach Convention Center Long Beach CA - Nov 16 - 18, 2021
Westec 2021 at Long Beach Convention Center Long Beach CA - Nov 16 - 18, 2021
3D Collaboration & Interoperability Congress at Golden CO - Feb 21 - 24, 2022



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise