Company: BA
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001628280-25-047023
Chunk: 104

Company: BOEING CO
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 104
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These measures exclude certain components of pension and other postretirement benefit expense. See pages 53-54 for important information about these non-GAAP measures and reconciliations to the most directly comparable GAAP measures.

37

Revenues

The following table summarizes Revenues:

(Dollars in millions)Nine months ended September 30Three months ended September 302025202420252024Commercial Airplanes$30,115 $18,099 $11,094 $7,443 Defense, Space & Security19,817 18,507 6,902 5,536 Global Services15,714 14,835 5,370 4,901 Unallocated items, eliminations and other(131)(166)(96)(40)Total$65,515 $51,275 $23,270 $17,840 

Revenues for the nine months ended September 30, 2025, increased by $14,240 million compared with the same period in 2024 primarily driven by higher revenues at Commercial Airplanes (BCA) and Defense, Space & Security (BDS). BCA revenues increased by $12,016 million primarily due to higher deliveries. BDS revenues increased by $1,310 million primarily due to lower net unfavorable cumulative contract catch-up adjustments.

Revenues for the three months ended September 30, 2025, increased by $5,430 million compared with the same period in 2024 primarily driven by higher revenues at BCA and BDS. BCA revenues increased by $3,651 million primarily due to higher deliveries. BDS revenues increased by $1,366 million primarily due to lower net unfavorable cumulative contract catch-up adjustments and higher volume.

Loss from Operations

The following table summarizes Loss from operations:

(Dollars in millions)Nine months ended September 30Three months ended September 302025202420252024Commercial Airplanes($6,447)($5,879)($5,353)($4,021)Defense, Space & Security379 (3,146)114 (2,384)Global Services2,930 2,620 938 834 Segment operating loss(3,138)(6,405)(4,301)(5,571)Unallocated items, eliminations and other(2,145)(1,364)(748)(418)Pension FAS/CAS service cost adjustment588 608 198 148 Postretirement FAS/CAS service cost adjustment