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Description of Boeing Co's Business Segments
The Boeing Company is a major player in the aerospace industry, offering a diverse range of products and services spread across several segments. Each segment is focused on different market needs, from commercial aviation to defense and space exploration. Below is an extensive overview of Boeings primary segments, products, and services based on the available information.
1. Commercial Airplanes Segment
The Commercial Airplanes segment is at the forefront of designing, manufacturing, and marketing commercial jet aircraft alongside related support services, tailored for the global airline industry. Boeing stands as a leading manufacturer in this sector, offering a comprehensive family of commercial jetliners that cater to various passenger and cargo demands.
- Family of Commercial Jetliners: The portfolio includes a range of models: - Narrow-Body Models: - Boeing 717 - Boeing 737 Series (including the Next-Generation and the more recent 737 MAX models) - Wide-Body Models: - Boeing 747 (747-8 is the latest version) - Boeing 767 - Boeing 777 (including the 777X models) - Boeing 787 Dreamliner for long-haul commercial travel
- Support Services: The segment not only sells aircraft but also provides comprehensive aftermarket support, including training programs, maintenance, and spare parts to enhance airline operational efficiency.
- Market Dynamics: Boeing faces intense competition from companies like Airbus, necessitating continuous improvements in process efficiency and cost management. The focus is also on leveraging customer support services to elevate satisfaction and operational productivity within their commercial airline clientele.
Integrated Defense Systems Segment (IDS)
The IDS segment encompasses a wide range of research, development, production, and service support for military platforms. It primarily caters to defense requirements and provides integrated solutions for complex systems.
- Product Offerings: - Military Aircraft: Fighters (like F/A-18 Super Hornet and F-15), transport aircraft (C-17 Globemaster), and tankers (like KC-46 Pegasus). - Missile Systems: Including precision-guided munitions and missile defense systems such as the Ground-based Midcourse Defense (GMD). - Space Systems: Satellites and launch vehicles, including contributions to NASA and various military satellite projects. - Intelligence and Reconnaissance: Airborne surveillance systems and reconnaissance platforms.
- Customer Base: The primary clientele includes the United States Department of Defense (DoD), with additional revenue streams from international defense markets and other government agencies.
Precision Engagement & Mobility Systems Segment (PE&MS)
This segment specializes in products and services focused on precision engagement and mobility in defense operations. It supports and enhances operational capabilities for military clients.
- Key Programs: - Aircraft: AH-64 Apache, CH-47 Chinook, and P-8A Poseidon. - Munitions: Joint Direct Attack Munition (JDAM), Small Diameter Bomb (SDB), and Harpoon missiles. - Innovative Systems: EA-18G Growler electronic warfare aircraft.
Network & Space Systems Segment (N&SS)
N&SS provides advanced technologies and systems that enhance operational capabilities through integrated networks and space exploration.
- Program Highlights: - Combat Systems: Future Combat Systems (FCS) aimed at modernizing military capabilities. - Satellites: Includes development and launch of satellite systems for various applications. - Communications Systems: Joint Tactical Radio System (JTRS) for tactical communications.
Support Systems Segment
The Support Systems segment focuses on the maintenance, training, and logistics support for all types of military platforms. They ensure that defense systems remain operational throughout their lifecycle.
- Areas of Engagement: - Integrated Logistics: Support for platforms like the C-17 and F/A-18. - Maintenance and Modifications: Services for various military aircraft to maintain and enhance capabilities. - Training Services: Training systems and simulators for a variety of aircraft, ensuring proficiency for military personnel.
Boeing Capital Corporation (BCC)
BCC historically provided financial services, focusing primarily on leasing and financing solutions for commercial aircraft and equipment.
- Strategic Direction: Transitioning to a model that supports Boeing's operating units while managing financial exposures rather than focusing solely on portfolio growth. - Financing Solutions: Offering financial products tailored to the commercial aviation sector and arranging structured financing for defense customers.
Conclusion
Boeing continues to evolve and adapt across its various segments, staying responsive to the market dynamics of both commercial aviation and defense. The combination of cutting-edge technology, robust support systems, and a commitment to customer satisfaction positions Boeing as a pivotal force in the aerospace industry. As the world of aviation and defense progresses, Boeing's focus on innovation and strategic partnerships will be essential for maintaining its leadership status.
Composition of Boeing Co Revenues by
Segments |
|
Commercial Airplanes |
|
41.72 % |
of total Revenue |
Defense Space Security |
|
31.03 % |
of total Revenue |
Global Services |
|
27.47 % |
of total Revenue |
Unallocated items eliminations and other |
|
-0.22 % |
of total Revenue |
Commercial Airplanes Total revenues from contracts with customers |
|
41.61 % |
of total Revenue |
Commercial Airplanes United States |
|
13.2 % |
of total Revenue |
Commercial Airplanes Total non-U S revenues |
|
28.41 % |
of total Revenue |
Commercial Airplanes Europe |
|
8.4 % |
of total Revenue |
Commercial Airplanes Asia |
|
14.77 % |
of total Revenue |
Commercial Airplanes Middle East |
|
2.49 % |
of total Revenue |
Commercial Airplanes Other non-U S |
|
2.75 % |
of total Revenue |
Commercial Airplanes Interrevenues eliminated on consolidation |
|
0.11 % |
of total Revenue |
Defense Space Security United States |
|
24.45 % |
of total Revenue |
Defense Space Security Total non-U S revenues |
|
6.59 % |
of total Revenue |
Global Services Commercial |
|
16.15 % |
of total Revenue |
Global Services Government |
|
10.85 % |
of total Revenue |
Global Services Total revenues from contracts with customers |
|
27 % |
of total Revenue |
Global Services Interrevenues eliminated on consolidation |
|
0.47 % |
of total Revenue |
Q3 three months ended (Sep 30 2024)
|
Revenues by Business Segments |
Revenues (in millions $) |
%
(of total Revenues) |
Commercial Airplanes |
7,443.00 |
41.72 % |
Defense Space Security |
5,536.00 |
31.03 % |
Global Services |
4,901.00 |
27.47 % |
Unallocated items eliminations and other |
-40.00 |
-0.22 % |
Commercial Airplanes Total revenues from contracts with customers |
7,423.00 |
41.61 % |
Commercial Airplanes United States |
2,354.00 |
13.2 % |
Commercial Airplanes Total non-U S revenues |
5,069.00 |
28.41 % |
Commercial Airplanes Europe |
1,499.00 |
8.4 % |
Commercial Airplanes Asia |
2,635.00 |
14.77 % |
Commercial Airplanes Middle East |
444.00 |
2.49 % |
Commercial Airplanes Other non-U S |
491.00 |
2.75 % |
Commercial Airplanes Interrevenues eliminated on consolidation |
20.00 |
0.11 % |
Defense Space Security United States |
4,361.00 |
24.45 % |
Defense Space Security Total non-U S revenues |
1,175.00 |
6.59 % |
Global Services Commercial |
2,882.00 |
16.15 % |
Global Services Government |
1,935.00 |
10.85 % |
Global Services Total revenues from contracts with customers |
4,817.00 |
27 % |
Global Services Interrevenues eliminated on consolidation |
84.00 |
0.47 % |
Total |
17,840.00 |
100 % |
Q3 three months ended (Sep 30 2024) |
Revenue Growth rates by Segment |
Y/Y Revenue % |
Q/Q Revenue % |
Commercial Airplanes |
-5.5 % |
23.99 % |
Defense Space Security |
1 % |
- |
Global Services |
1.85 % |
0.25 % |
Unallocated items eliminations and other |
- |
- |
Commercial Airplanes Total revenues from contracts with customers |
-5.5 % |
- |
Commercial Airplanes United States |
-27.79 % |
- |
Commercial Airplanes Total non-U S revenues |
10.99 % |
- |
Commercial Airplanes Europe |
42.76 % |
- |
Commercial Airplanes Asia |
62.35 % |
- |
Commercial Airplanes Middle East |
-64.68 % |
- |
Commercial Airplanes Other non-U S |
-22.92 % |
- |
Commercial Airplanes Interrevenues eliminated on consolidation |
-4.76 % |
- |
Defense Space Security United States |
0.3 % |
- |
Defense Space Security Total non-U S revenues |
3.71 % |
- |
Global Services Commercial |
2.97 % |
- |
Global Services Government |
0.83 % |
- |
Global Services Total revenues from contracts with customers |
2.1 % |
- |
Global Services Interrevenues eliminated on consolidation |
-10.64 % |
- |
Total |
- |
5.77 % |
Q3 three months ended (Sep 30 2024) |
Income by Business Segments |
Income (in millions $) |
%
(Profit Margin) |
Commercial Airplanes |
-4,021.00 |
- |
Global Services |
834.00 |
17.02 % |
Total |
-6,174.00 |
- |
Q3 three months ended (Sep 30 2024) |
Income Growth rates by Segment |
Y/Y Income % |
Q/Q Income % |
Commercial Airplanes |
- |
- |
Global Services |
6.38 % |
-4.14 % |
Total |
- |
- |
Annual Report on Boeing Co Divisions, Sales by Country |
|
Commercial Airplanes |
|
34.37 % |
of total Revenue |
Defense Space Security |
|
35.96 % |
of total Revenue |
Global Services |
|
30 % |
of total Revenue |
Commercial Airplanes Total revenues from contracts with customers |
|
34.17 % |
of total Revenue |
Commercial Airplanes United States |
|
11.01 % |
of total Revenue |
Commercial Airplanes Total non-U S revenues |
|
23.82 % |
of total Revenue |
Commercial Airplanes Europe |
|
5.95 % |
of total Revenue |
Commercial Airplanes Asia |
|
12.12 % |
of total Revenue |
Commercial Airplanes Middle East |
|
3.02 % |
of total Revenue |
Defense Space Security United States |
|
27.95 % |
of total Revenue |
Defense Space Security Total non-U S revenues |
|
8.01 % |
of total Revenue |
Global Services Commercial |
|
17.64 % |
of total Revenue |
Global Services Government |
|
11.77 % |
of total Revenue |
Global Services Total revenues from contracts with customers |
|
29.42 % |
of total Revenue |
Other |
|
-0.32 % |
of total Revenue |
BCA |
|
34.37 % |
of total Revenue |
BDS |
|
35.96 % |
of total Revenue |
BGS |
|
30 % |
of total Revenue |
Commercial Airplanes B-737-Max Customer Concessions |
|
-0.67 % |
of total Revenue |
Total non-U S revenues |
|
46.29 % |
of total Revenue |
Total non-U S revenues Commercial Airplanes |
|
23.82 % |
of total Revenue |
Asia |
|
18.03 % |
of total Revenue |
Asia Commercial Airplanes |
|
12.12 % |
of total Revenue |
Europe |
|
13.13 % |
of total Revenue |
Europe Commercial Airplanes |
|
5.95 % |
of total Revenue |
Middle East |
|
6.97 % |
of total Revenue |
Middle East Commercial Airplanes |
|
3.02 % |
of total Revenue |
Canada |
|
2.21 % |
of total Revenue |
Oceania |
|
2.35 % |
of total Revenue |
Africa |
|
1.72 % |
of total Revenue |
Latin America Caribbean and other |
|
1.87 % |
of total Revenue |
United States |
|
54.38 % |
of total Revenue |
United States Commercial Airplanes |
|
11.01 % |
of total Revenue |
Commercial Airplanes Other |
|
2.73 % |
of total Revenue |
Interrevenues eliminated on consolidation Commercial Airplanes |
|
0.2 % |
of total Revenue |
Interrevenues eliminated on consolidation Global Services |
|
0.58 % |
of total Revenue |
Twelve months ended 2024
|
BA s Annual Revenue by Geography and Business Segments |
Sales (in millions $) |
%
(of total Sales) |
Commercial Airplanes |
22,861.00 |
34.37 % |
Defense Space Security |
23,918.00 |
35.96 % |
Global Services |
19,954.00 |
30 % |
Commercial Airplanes Total revenues from contracts with customers |
22,726.00 |
34.17 % |
Commercial Airplanes United States |
7,326.00 |
11.01 % |
Commercial Airplanes Total non-U S revenues |
15,843.00 |
23.82 % |
Commercial Airplanes Europe |
3,956.00 |
5.95 % |
Commercial Airplanes Asia |
8,060.00 |
12.12 % |
Commercial Airplanes Middle East |
2,012.00 |
3.02 % |
Defense Space Security United States |
18,589.00 |
27.95 % |
Defense Space Security Total non-U S revenues |
5,329.00 |
8.01 % |
Global Services Commercial |
11,736.00 |
17.64 % |
Global Services Government |
7,832.00 |
11.77 % |
Global Services Total revenues from contracts with customers |
19,568.00 |
29.42 % |
Total |
66,517.00 |
100 % |
Other |
-216.00 |
-0.32 % |
BCA |
22,861.00 |
34.37 % |
BDS |
23,918.00 |
35.96 % |
BGS |
19,954.00 |
30 % |
Commercial Airplanes B-737-Max Customer Concessions |
-443.00 |
-0.67 % |
Total non-U S revenues |
30,789.00 |
46.29 % |
Total non-U S revenues Commercial Airplanes |
15,843.00 |
23.82 % |
Asia |
11,994.00 |
18.03 % |
Asia Commercial Airplanes |
8,060.00 |
12.12 % |
Europe |
8,734.00 |
13.13 % |
Europe Commercial Airplanes |
3,956.00 |
5.95 % |
Middle East |
4,635.00 |
6.97 % |
Middle East Commercial Airplanes |
2,012.00 |
3.02 % |
Canada |
1,472.00 |
2.21 % |
Oceania |
1,565.00 |
2.35 % |
Africa |
1,143.00 |
1.72 % |
Latin America Caribbean and other |
1,246.00 |
1.87 % |
United States |
36,171.00 |
54.38 % |
United States Commercial Airplanes |
7,326.00 |
11.01 % |
Commercial Airplanes Other |
1,815.00 |
2.73 % |
Interrevenues eliminated on consolidation Commercial Airplanes |
135.00 |
0.2 % |
Interrevenues eliminated on consolidation Global Services |
386.00 |
0.58 % |
Twelve months ended 2024
|
BA s Annual Income by Country and Business Segments |
Income (in millions $) |
%
(Profit Margin) |
Total |
-11,829.00 |
- |
BCA |
-7,969.00 |
- |
BDS |
-5,413.00 |
- |
BGS |
3,618.00 |
18.13 % |
Twelve months ended 2024
|
Annual Revenue and Income Growth by Country and Business Segments |
% Y/Y Sales Growth |
% Y/Y Income Growth |
Commercial Airplanes |
-32.57 % |
- |
Defense Space Security |
-4.07 % |
- |
Global Services |
4.32 % |
- |
Commercial Airplanes Total revenues from contracts with customers |
-32.7 % |
- |
Commercial Airplanes United States |
-49.48 % |
- |
Commercial Airplanes Total non-U S revenues |
-17.66 % |
- |
Commercial Airplanes Europe |
-35.9 % |
- |
Commercial Airplanes Asia |
27.37 % |
- |
Commercial Airplanes Middle East |
-53.33 % |
- |
Defense Space Security United States |
-7.29 % |
- |
Defense Space Security Total non-U S revenues |
9.16 % |
- |
Global Services Commercial |
6.5 % |
- |
Global Services Government |
1.05 % |
- |
Global Services Total revenues from contracts with customers |
4.25 % |
- |
Other |
- |
- |
BCA |
-32.57 % |
- |
BDS |
-4.07 % |
- |
BGS |
4.32 % |
8.68 % |
Commercial Airplanes B-737-Max Customer Concessions |
- |
- |
Total non-U S revenues |
-4.93 % |
- |
Total non-U S revenues Commercial Airplanes |
-17.66 % |
- |
Asia |
19.78 % |
- |
Asia Commercial Airplanes |
27.37 % |
- |
Europe |
-16.98 % |
- |
Europe Commercial Airplanes |
-35.9 % |
- |
Middle East |
-29.71 % |
- |
Middle East Commercial Airplanes |
-53.33 % |
- |
Canada |
17.2 % |
- |
Oceania |
-5.44 % |
- |
Africa |
38.55 % |
- |
Latin America Caribbean and other |
-18.24 % |
- |
United States |
-20.29 % |
- |
United States Commercial Airplanes |
-49.48 % |
- |
Commercial Airplanes Other |
-25.34 % |
- |
Interrevenues eliminated on consolidation Commercial Airplanes |
3.05 % |
- |
Interrevenues eliminated on consolidation Global Services |
8.43 % |
- |
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