Company: BA
Filing Date: 2025-02-03
Form Type: 10-K
Source: 0000012927-25-000015
Chunk: 208

Company: BOEING CO
Filing Date: 2025-02-03
Form: 10-K
Item: Item 1
Chunk 208
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 results among periods should be viewed in this context.

38

Deliveries of new-build production units, including remanufactures and modifications, were as follows:

Years ended December 31,202420232022F/A-18 Models11 22 14 F-15 Models14 9 12 T-7A Red Hawk2 3 CH-47 Chinook (New)4 11 19 CH-47 Chinook (Renewed)9 9 9 AH-64 Apache (New)16 20 25 AH-64 Apache (Remanufactured)34 57 50 MH-139 Grey Wolf6 2 4 KC-46 Tanker10 13 15 P-8 Models4 11 12 Commercial Satellites2 54Military Satellites1Total112 162 165 

Revenues  

BDS revenues in 2024 decreased by $1,015 million compared with 2023. The decrease is primarily due to higher net unfavorable cumulative contract catch-up adjustments of $909 million on BDS’ five major fixed-price development programs. Overall, net unfavorable cumulative contract catch-up adjustments in 2024 were $995 million higher than 2023. 

BDS revenues in 2023 increased by $1,771 million compared with 2022. Revenues related to BDS’ five major fixed-price development programs increased by $1,767 million in 2023 compared with 2022. This increase reflects lower unfavorable net cumulative contract catch-up adjustments in 2023 as well as higher costs incurred in 2023 to complete these contracts. Net unfavorable cumulative contract catch-up adjustments in 2023 were $648 million better than in 2022 largely due to lower charges on development programs in 2023, partially offset by unfavorable performance on other programs. 

Loss From Operations  

BDS loss from operations in 2024 was $5,413 million compared with $1,764 million in 2023. The increase is primarily due to higher net unfavorable cumulative contract catch-up adjustments of $3,428 million on BDS’ five major fixed-price development programs compared to 2023. During 2024, losses incurred on the five major fixed-price development programs totaled $5,013 million, including KC-46A Tanker ($2,002 million), T-7A Red Hawk ($1,770 million), Commercial Crew ($523 million), VC-25B ($379 million), and MQ-25 ($