Boeing Reports First-Quarter Results

The 787 program continued flight testing during the quarter, as an additional two airplanes joined the two airplanes already in the flight test program.  The Dreamliner completed key flight test milestones such as flutter, stall and ground-effect tests.  On March 28, the static test unit successfully completed the ultimate load test with a fully pressurized cabin.  First delivery is expected in the fourth quarter of 2010.  Total firm orders for the 787 at quarter-end were 866 airplanes from 57 customers.  

The 747-8 program began its flight test program during the quarter, completed initial airworthiness testing, and ended the quarter with three airplanes in the flight test program.  Initial delivery is expected in the fourth quarter of 2010.

Boeing Defense, Space & Security  

Boeing Defense, Space & Security's first-quarter revenue was $7.6 billion on lower volume in Network & Space Systems, partially offset by favorable aircraft delivery mix and higher volume in services.  Operating margins were 8.7 percent on lower margins in military aircraft (Table 5).  

Table 5.  Defense, Space & Security Operating Results


First Quarter


(Dollars in Millions)

2010

2009

Change





Revenues




  Boeing Military Aircraft

$3,241

$3,067

6%

  Network & Space Systems

$2,323

$2,678

(13%)

  Global Services & Support

$2,049

$1,975

4%

Total BDS Revenues

$7,613

$7,720

(1%)





Earnings from Operations




  Boeing Military Aircraft

$267

$288

(7%)

  Network & Space Systems

$174

$207

(16%)

  Global Services & Support

$223

$214

4%

Total BDS Earnings from Operations

$664

$709

(6%)





Operating Margins

8.7%

9.2%

    (0.5)Pts








Boeing Military Aircraft (BMA) first-quarter revenue rose 6 percent to $3.2 billion on improved delivery mix and volume on F-18 programs.  Operating margin was 8.2 percent, as strong execution across its programs was offset by lower earnings on C-17 and higher R&D.  During the quarter, BMA delivered 25 aircraft, P8A successfully completed ground vibration testing, and the F/A18 completed India field trials.

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7  Next Page »



Review Article Be the first to review this article
Rand3D

Featured Video
MCAD Corporate Newsletter
rss feed
Editorial
Jeff RoweJeff's MCAD Blogging
by Jeff Rowe
What’s Next: 2018 MCADCafe Editorial Calendar
Jobs
Currently No Featured Jobs
Upcoming Events
Design for Metal Additive Manufacturing Short Course at Revere Hotel Boston Common 200 Stuart St Boston MA - Nov 27 - 28, 2017
IMTS2018 International Manufacturing Tech Show at McCormick Place Chicago IL - Sep 10 - 15, 2018
Kenesto: 30 day trial
MasterCAM



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+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