ARLINGTON, Virginia, July 11, 2023 /PRNewswire/ – The Boeing Company [NYSE: BA] announced today major program deliveries across its commercial and defense operations for the second quarter of 2023.
The company will provide detailed second quarter financial results on July 26. Major program deliveries during the second quarter were as follows:
Major Programs
2nd Quarter 2023
Year-to-Date 2023
Commercial Airplanes Programs
737
103
216
747
—
1
767
8
9
777
5
9
787
20
31
Total
136
266
Defense, Space & Security Programs
AH-64 Apache (New)
5
12
AH-64 Apache (Remanufactured)
16
29
CH-47 Chinook (New)
2
7
CH-47 Chinook (Renewed)
3
4
F-15 Models
4
6
F/A-18 Models
6
13
KC-46 Tanker
—
1
P-8 Models
2
5
Commercial and Civil Satellites
—
3
Note: Delivery information is not considered final until quarterly financial results are issued.
Contact Matt Welch Boeing Investor Relations (312) 544-2140
David Dufault Boeing Investor Relations (312) 544-2140
BRISBANE, Australia, Feb. 15, 2021 /PRNewswire/ — Astronauts aboard the International Space Station (ISS) are conducting experiments with an antimicrobial surface coating designed to fight the spread of bacteria and viruses, including the Earth-bound SARS-CoV-2 virus responsible for the current COVID-19 pandemic. Developed by Boeing [NYSE: BA] and The University of Queensland (UQ), the joint research project was tested aboard Boeing’s ecoDemonstrator last year as part of the company’s Confident Travel Initiative.
The ISS experiment tests two identical sets of objects, including an airplane seat buckle, fabric from airplane seats and seat belts, and parts of an armrest and a tray table. One set received the antimicrobial surface coating, the other did not. ISS crew members are touching both sets of objects every few days to transfer microbes naturally occurring on human skin; no microbe samples were sent to the station for this experiment. Later this year, the test objects will be returned to Earth for analysis at Boeing’s labs to measure the effectiveness of the surface coating in a space environment.
An antimicrobial surface coating in a spacecraft could help ensure the health of the crew and protect the spacecraft’s systems from bacteria – and ultimately may help prevent interplanetary contamination from Earth-borne or another planet’s microbes.
Boeing was selected by NASA as the prime contractor for the ISS in 1993. Since then, Boeing has provided round-the-clock engineering support – maintaining the station at peak performance levels through dynamic missions and ensuring that the full value of the unique research laboratory is available to NASA, its international partners and private companies for years to come.
Since 2003, Boeing and The University of Queensland have collaborated on a broad portfolio of joint research and development projects. In 2017, the Brisbane-based Boeing Research & Technology engineers relocated to the university in a first-of-its-kind partnership for the company’s Asia-Pacific region.
The Australian Institute for Bioengineering and Nanotechnology (AIBN) at UQ has been a driver for multidisciplinary research to tackle global problems. The AIBN houses over 400 researchers across a wide range of scientific disciplines.
Boeing is the world’s largest aerospace company and leading provider of commercial airplanes, defense, space and security systems, and global services. As a top U.S. exporter, the company supports commercial and government customers in more than 150 countries. Building on a legacy of aerospace leadership, Boeing continues to lead in technology and innovation, deliver for its customers and invest in its people and future growth.
EVERETT, Wash., Feb. 9, 2021 – The first Boeing [NYSE: BA] KC-46 tanker destined for the Japan Air Self-Defense Force (JASDF) took to the skies on its maiden flight yesterday. This successful flight highlights an important milestone as the aircraft now transitions into the certification phase of development.
“This is an exciting milestone for the JASDF and Boeing,” said Jamie Burgess, KC-46 program manager. “Japan is getting closer to receiving the most advanced air refueling tanker in the world.”
Japan is the KC-46 program’s first international customer and is scheduled to receive its first jet this year.
“Boeing’s KC-46 and its robust defensive systems will play an invaluable role in the security alliance between our two countries,” said Will Shaffer, president of Boeing Japan. “This tanker’s ability to carry cargo and passengers also makes it a critical tool to support humanitarian relief efforts across the Pacific region and beyond.”
The KC-46 refueling certification encompasses U.S. Air Force, U.S. Navy, U.S. Marine Corps and JASDF aircraft.
The U.S. Air Force awarded Boeing a $279 million contract for the JASDF’s first KC-46A tanker in December 2017. The agreement was completed through the Foreign Military Sale process between the U.S. government and Japan. Japan is now on contract for a total of four KC-46 tankers.
Boeing is assembling KC-46A aircraft for both the U.S. Air Force and Japan on its 767 production line in Everett, Washington. Boeing’s Japanese partners produce 16% of the KC-46 airframe structure.
The new Boeing [NYSE: BA] F-15EX fighter jet completed its first flight today, paving the way for the early delivery of the first two jets to the U.S. Air Force later this quarter. The jet took off and landed from St. Louis Lambert International Airport, completing a 90-minute test flight before returning to the airport.
Boeing F-15 Chief Test Pilot Matt Giese checked out the multirole jet’s avionics, advanced systems and software. A test team monitoring the data collected during the flight in real time confirmed that the aircraft performed as planned.
“Today’s successful flight proves the jet’s safety and readiness to join our nation’s fighter fleet,” said Prat Kumar, Boeing vice president and F-15 program manager. “Our workforce is excited to build a modern fighter aircraft for the U.S. Air Force. Our customer can feel confident in its decision to invest in this platform that is capable of incorporating the latest advanced battle management systems, sensors and weapons due to the jet’s digital airframe design and open mission systems architecture.”
The fighter’s digital backbone means it can serve as a testbed for future technology insertion, a key capability for the Air Force. Modern variants of the F-15 also include fly-by-wire flight controls, an all-new digital cockpit, modern AESA radar and the ADCP-II, the world’s fastest mission computer. The F-15EX, the most advanced version to date, features the Eagle Passive/Active Warning and Survivability System electronic warfare system to improve mission effectiveness and survivability for operators.
In July, the Air Force awarded Boeing a contract to build the first lot of eight jets. Future plans call for as many as 144 aircraft. For more information on Defense, Space & Security, visit www.boeing.com
Boeing is the world’s largest aerospace company and leading provider of commercial airplanes, defense, space and security systems, and global services. As a top U.S. exporter, the company supports commercial and government customers in more than 150 countries. Building on a legacy of aerospace leadership, Boeing continues to lead in technology and innovation, deliver for its customers and invest in its people and future growth.
Financial results significantly impacted by COVID-19, 737 MAX grounding, and commercial widebody programs
777X program recorded $6.5 billion pre-tax charge; first delivery expected in late 2023
737 MAX began receiving regulatory approval to resume operations and restarted deliveries
Revenue of $15.3 billion, GAAP loss per share of ($14.65) and core (non-GAAP)* loss per share of ($15.25)
Full-Year 2020
Revenue of $58.2 billion, GAAP loss per share of ($20.88) and core (non-GAAP)* loss per share of ($23.25)
Operating cash flow of ($18.4) billion; cash and marketable securities of $25.6 billion
Total backlog of $363 billion, including more than 4,000 commercial airplanes
Strengthening safety processes, improving performance, managing liquidity and transforming for the future
Table 1. Summary Financial Results
Fourth Quarter
Full Year
(Dollars in Millions, except per share data)
2020
2019
Change
2020
2019
Change
Revenues
$15,304
$17,911
(15)%
$58,158
$76,559
(24)%
GAAP
Loss From Operations
($8,049)
($2,204)
NM
($12,767)
($1,975)
NM
Operating Margin
(52.6)%
(12.3)%
NM
(22.0)%
(2.6)%
NM
Net Loss
($8,439)
($1,010)
NM
($11,941)
($636)
NM
Loss Per Share
($14.65)
($1.79)
NM
($20.88)
($1.12)
NM
Operating Cash Flow
($4,009)
($2,220)
NM
($18,410)
($2,446)
NM
Non-GAAP*
Core Operating Loss
($8,377)
($2,526)
NM
($14,150)
($3,390)
NM
Core Operating Margin
(54.7)%
(14.1)%
NM
(24.3)%
(4.4)%
NM
Core Loss Per Share
($15.25)
($2.33)
NM
($23.25)
($3.47)
NM
*Non-GAAP measure; complete definitions of Boeing’s non-GAAP measures are on page 6, “Non-GAAP Measures Disclosures.”
The Boeing Company [NYSE: BA] reported fourth-quarter revenue of $15.3 billion, reflecting lower commercial deliveries and services volume primarily due to COVID-19 as well as 787 production issues, partially offset by a lower 737 MAX customer considerations charge in the quarter compared to the same period last year (Table 1). GAAP loss per share of ($14.65) and core loss per share (non-GAAP)* of ($15.25) reflected a $6.5 billion pre-tax charge on the 777X program and a tax valuation allowance, partially offset by a lower 737 MAX customer considerations charge. Boeing recorded operating cash flow of ($4.0) billion.
“2020 was a year of profound societal and global disruption which significantly constrained our industry. The deep impact of the pandemic on commercial air travel, coupled with the 737 MAX grounding, challenged our results. I am proud of the resilience and dedication our global team demonstrated in this environment as we strengthened our safety processes, adapted to our market and supported our customers, suppliers, communities and each other,” said Boeing President and Chief Executive Officer Dave Calhoun. “Our balanced portfolio of diverse defense, space and services programs continues to provide important stability as we lay the foundation for our recovery. While the impact of COVID-19 presents continued challenges for commercial aerospace into 2021, we remain confident in our future, squarely-focused on safety, quality and transparency as we rebuild trust and transform our business.”
The return to service of the 737 MAX in the U.S. and several other markets was an important step, and Boeing continues to follow the lead of global regulators and support its customers. Since the FAA’s approval to return to operations, Boeing has delivered over 40 737 MAX aircraft and five airlines have safely returned their fleets to service as of January 25, 2021, safely flying more than 2,700 revenue flights and approximately 5,500 flight hours.
Boeing now anticipates that the first 777X delivery will occur in late 2023. This schedule, and the associated financial impact, reflect a number of factors, including an updated assessment of global certification requirements, the company’s latest assessment of COVID-19 impacts on market demand, and discussions with its customers with respect to aircraft delivery timing.
Click the link below to read the full press release!
Sikorsky, a Lockheed Martin Company (NYSE: LMT), and Boeing (NYSE: BA) today released details of its advanced helicopter for the U.S. Army’s Future Long Range Assault Aircraft competition, known as FLRAA. The aircraft, named DEFIANT X, will be the fastest, most maneuverable and most survivable assault helicopter in history. Combined with the team’s unsurpassed experience in mission systems, training and sustainment, it will revolutionize the way the Army meets threats in 2035 and beyond.
DEFIANT X is a complete weapon system that builds on the handling qualities and transformational capabilities proven by the team’s technology demonstrator, SB>1 DEFIANT®. With unmatched range and survivability, DEFIANT X will to fly low and fast through complex terrain, land quickly, deliver soldiers and equipment to the objective area (referred to as “the X”) and get out.
DEFIANT X flies twice as far and fast as the venerable Black Hawk helicopter it is designed to replace. Currently undergoing testing in a digital combat environment, the aircraft continues to prove itself the most survivable platform for mission requirements.
“We are ready to deliver unparalleled capabilities backed by proven technologies that will truly transform the Army’s mission today – with room to grow and adapt to the missions of tomorrow,” said Andy Adams, Sikorsky vice president of Future Vertical Lift. “DEFIANT X not only includes the transformational aircraft, mission systems and revolutionary sustainment solution, but also leverages Sikorsky’s and Boeing’s advanced manufacturing capabilities.”
With its rigid coaxial rotor system and pusher propeller, DEFIANT X incorporates Sikorsky X2 Technology™ to operate at high speeds while maintaining low-speed handling qualities. This critical capability provides soldiers with increased maneuverability and survivability in high-threat air defense environments, allowing them to penetrate enemy defenses while reducing exposure to enemy fire.
“DEFIANT X is purpose-built for a modernized Army that requires expanded reach, survivability and lethality,” said Steve Parker, vice president and general manager of Boeing Vertical Lift. “This weapon system will give soldiers unequaled technological advantage and connectivity over adversaries in a multi-domain battle space.”
DEFIANT X will revolutionize the Army’s air assault capability with limited changes in tactics, techniques, procedures, training and infrastructure while maintaining the Black Hawk helicopter footprint and tight formation capability flown today.
The Army is expected to release a request for proposal on FLRAA later this year, with a contract award expected in 2022.
The U.S. Air Force on Wednesday awarded Boeing [NYSE: BA] a $2.1 billion contract for 15 KC-46A tankers, expanding its fleet of aircraft that will not only set the standard for aerial refueling but will also help enable the integrated digital battlespace. Like a cellular tower in the sky, the KC-46 connects air forces to data needed to maintain the decision advantage and win on the 21st century battlefield.
“The KC-46’s adaptability is going to be a game-changer for the U.S. Air Force,” said Jamie Burgess, Boeing KC-46 tanker vice president and program manager. “We know our defense customers will need to transform how they fight and win in the modern era. That’s why Boeing is focused on making sure the KC-46 grows and changes with them.”
The KC-46 is a widebody, multirole tanker designed for state-of-the-art air refueling, cargo and medical transport. Boeing is now on contract for 94 KC-46A tankers.
“Our KC-46 fleet is growing, and we’re ready to extend the reach of next-generation air refueling to more of our Airmen,” said Col. Jason Lindsey, U.S. Air Force KC-46 System program manager.
Boeing delivered the first KC-46A to the U.S. Air Force in January 2019. Since then, the company has delivered 42 tankers to McConnell Air Force base in Kansas, Altus Air Force Base in Oklahoma, Pease Air National Guard base in New Jersey and Seymour Johnson Air Force base in North Carolina. The next-generation KC-46 is bringing new capabilities and operational flexibility to the U.S. Air Force and international customers.
Boeing is assembling KC-46A aircraft at its Everett, Washington, facility, where it also continues production of the KC-46 tanker for Japan.
Boeing [NYSE: BA] and BBAM Limited Partnership today announced the lessor is expanding its 737-800 Boeing Converted Freighter fleet with six firm orders and six options. The agreement brings BBAM’s 737-800BCF orders and commitments to 15 and highlights the continued strength of the e-commerce and express cargo market.
“As we look ahead to expanding our cargo fleet, the 737-800 Boeing Converted Freighter provides the performance and efficiency our customers need,” said Steve Zissis, CEO of BBAM. “Adding these highly capable freighters to 276 Boeing airplanes in our managed fleet helps to further strengthen our leadership position in the marketplace.”
Based on the popular Next-Generation 737, the 737-800BCF is meeting customer demand for a newer-generation freighter that offers higher reliability and lower fuel consumption and operating costs per trip compared to other standard body freighters. Primarily used to carry express cargo on domestic or short-haul routes, the airplane is capable of carrying up to 23.9 tonnes (52,800 pounds) and flying up to 2,025 nautical miles (3,750 kilometers). Since entering service in 2018, the 737-800BCF has won more than 150 orders and commitments.
“BBAM is one of the industry’s leading full-service leasing companies and has built their reputation on smart investments. We are honored that BBAM has selected more 737-800BCFs, based on the success of our standard body freighters in their portfolio,” said Ihssane Mounir, Boeing’s senior vice president of Commercial Sales and Marketing. “The continued strong demand for the 737-800BCF demonstrates the critical role these converted freighters play in the growing express and e-commerce market.”
BBAM is the world’s largest dedicated manager of investments in leased commercial jet aircraft, providing over 200 airline customers in more than 50 countries with fleet and financing solutions over the last three decades. BBAM is the only manager in the aircraft leasing industry focused exclusively on generating investment returns for third-party investors. BBAM currently has more than $28 billion of assets under management and employs over 150 professionals at its headquarters in San Francisco and in additional offices in Tokyo, Singapore, Zurich, Dublin and Santiago. For more information about BBAM, please visit its website at www.bbam.com.
Boeing is the world’s largest aerospace company and leading provider of commercial airplanes, defense, space and security systems, and global services. As a top U.S. exporter, the company supports commercial and government customers in more than 150 countries and leverages the talents of a global supplier base. Building on a legacy of aerospace leadership, Boeing continues to lead in technology and innovation, deliver for its customers and invest in its people and future growth.
This week the U.S. Air Force awarded Boeing [NYSE: BA] a $1.7 billion contract for 12 KC-46A tanker aircraft. With this sixth production lot, Boeing is now on contract for 79 KC-46A tankers.
The company delivered the first KC-46A to the Air Force in January 2019. Since then, Boeing has delivered 42 tankers to four different bases. The next-generation KC-46 brings new capabilities and operational flexibility to the U.S. Air Force and international customers.
“The investments Boeing is making in the KC-46 today will benefit generations of service members,” said Jamie Burgess, Boeing KC-46 tanker vice president and program manager. “I believe the partnership between Boeing and the Air Force will also produce additional KC-46 innovations that will carry the warfighter well into the future.”
Boeing received its first two production lots from the U.S. Air Force, for seven and 12 aircraft, in August 2016. The third lot, for 15 aircraft, was awarded in January 2017; the fourth lot for 18 aircraft in September 2018 and the fifth lot for 15 aircraft in September 2019.
The KC-46A is a multirole tanker designed to refuel allied and coalition military aircraft compatible with international aerial refueling procedures. It’s also equipped to carry passengers, cargo and patients on any mission at any time.
Boeing is assembling KC-46A aircraft at its Everett, Wash. facility where it also continues production of the KC-46 tanker for Japan.
For more information on Defense, Space & Security, visit www.boeing.com
Qatar Airways Cargo took delivery of three Boeing [NYSE:BA] 777 Freighters as the airline continues to build its cargo division with the world’s largest and most capable twin-engine freighter. The milestone also marks the 200th 777 Freighter to be delivered.
The triple delivery comes as air freight is playing a pivotal role amid the COVID-19 pandemic – including transporting newly approved vaccines – and is projected to increase more than 4% over the next two decades.
With the arrival of the trio of 777 Freighters, Qatar Airways Cargo now operates 24 of this airplane model along with two 747-8 Freighters. As one of the leading air cargo carriers in the world, Qatar’s dedicated freighter fleet serves more than 60 freighter destinations worldwide via its world-class Doha hub and also delivers freight on the belly-hold deck of passenger aircraft to an extensive network.
“With the arrival of these new freighters, we are injecting more capacity in the market which is very much required during the pandemic. The added capacity will also enable us to support the logistics around the COVID-19 vaccination, which is projected to be one of the greatest logistical challenges for the industry,” said Qatar Airways Group Chief Executive, His Excellency Mr. Akbar Al Baker. “With our investments in innovation and fleet, we are able to fulfill our customers’ logistical requirements and facilitate the continuity of global trade.”
The 777 Freighter can fly 4,970 nautical miles (9,200 kms) and carry a payload of 224,900 pounds (102,010 kg). The airplane’s long range translates into significant savings for operators like Qatar Airways Cargo as fewer stops reduce landing fees, congestion, cargo handling costs and delivery times.
“During these challenging times, Qatar Airways Cargo has been transporting humanitarian relief and medical goods to those in need, and we are proud that their growing fleet of 777 Freighters is supporting such a commendable effort,” said Ihssane Mounir, senior vice president, Commercial Sales and Marketing, The Boeing Company. “We deeply appreciate our long-standing partnership with Qatar Airways and their confidence in the 777 Freighters as the backbone of their expansive global air cargo operations.”
The 777 Freighter is now Boeing’s top selling freighter. Customers from around the world have ordered 242 777 Freighters since the program began in 2005, including a record 45 units in 2018. Boeing, the market leader in air cargo aircraft, provides more than 90% of the dedicated freighter capacity around the world, including new production and converted freighters.
