Boeing

Boeing makes airplanes for travel and cargo, helping people and goods move worldwide. It also builds military aircraft and space systems for governments and agencies. Its services keep planes flying safely and efficiently for airlines and defense customers.

Wings, Rockets, and More: Boeing’s Main Offerings

• Commercial Airplanes (34% of 2024 revenue): Passenger and cargo jets for airlines and freight companies.
• Defense, Space & Security (36%): Military aircraft, satellites, and missile defense for governments and defense agencies.
• Global Services (30%): Maintenance, spare parts, training, and digital tools for commercial and defense fleets.
• Boeing Capital: Financing and leasing solutions for customers buying Boeing products.

Up, Up, and Expanding: Boeing’s Growth Moves

• Announced acquisition of Spirit AeroSystems in 2024 (pending approval).
• Expanded digital and aftermarket services through Global Services since 2017.
• Invested in new aircraft models like the 777X, 737-7, and 737-10 since 2018.
• Increased international sales, reaching 46% of total revenue in 2024.
• Invested in workforce training after 2024 regulatory reviews.

What Makes Boeing Stand Out in the Sky

Boeing is one of two global companies making large commercial jets, serving both airlines and governments. Its worldwide network supports customers globally, with a backlog of $521.34 billion at the end of 2024. The company’s mix of commercial, defense, and service businesses helps it manage industry cycles and customer needs.

Five Things You Need to Know

• Revenue was $66.52 billion in 2024, down 14.5% from 2023.
• Commercial Airplanes delivered 348 jets in 2024, down 34% from 2023.
• Operating loss was $10.71 billion in 2024, compared to $0.77 billion in 2023.
• International sales made up 46% of 2024 revenue; U.S. sales were 54%.
• Backlog reached $521.34 billion at December 31, 2024.

Bottom Line

Boeing has evolved into a diversified aerospace company with commercial, defense, and service operations. Its global reach and broad product mix help it adapt to changing market and regulatory conditions.