Company: BA
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0000012927-25-000031
Chunk: 103

Company: BOEING CO
Filing Date: 2025-04-23
Form: 10-Q
Item: Item 3
Chunk 103
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 Red Hawk program that was primarily driven by projected increases in supplier cost estimates. In addition, we recorded losses on the KC-46A Tanker and Commercial Crew programs during 2024 that were partially attributable to higher supplier costs.

39

Segment Results of Operations and Financial Condition

Commercial Airplanes

Results of Operations

(Dollars in millions)Three months ended March 3120252024Revenues$8,147$4,653Loss from operations($537)($1,143)Operating margins(6.6)%(24.6)%

Revenues

BCA revenues increased by $3,494 million for the three months ended March 31, 2025, compared with the same period in 2024 primarily due to higher deliveries and the absence of 737-9 customer considerations.

Commercial airplane deliveries, including intercompany deliveries, were as follows:

737 *767 *777 787 TotalDeliveries during the first three months of 2025105 (1)5 (3)7 13 130 Deliveries during the first three months of 202467 (1)3 (2) 13 83 Cumulative deliveries as of 3/31/20258,898 1,326 1,748 1,174 Cumulative deliveries as of 12/31/20248,793 1,321 1,741 1,161 

* Intercompany deliveries identified by parentheses.

Loss From Operations

BCA loss from operations was $537 million for the three months ended March 31, 2025, compared with $1,143 million in the same period in 2024 reflecting higher deliveries, the absence of 737-9 customer considerations and lower period expenses.

Backlog

Our total backlog represents the estimated transaction prices on unsatisfied and partially satisfied performance obligations to our customers where we believe it is probable that we will collect the consideration due and where no contingencies remain before we and the customer are required to perform. Backlog does not include prospective orders where customer-controlled contingencies remain, such as the customer receiving approval from its board of directors, shareholders or government or completing financing arrangements. All such contingencies must be satisfied or have expired prior to recording a new firm order even if satisfying such conditions is highly probable. Backlog excludes options and customer financing orders as well as orders where customers have the unilateral right to terminate. A number of our customers may have contractual remedies, including rights to reject individual airplane