Company: BA
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001628280-25-047023
Chunk: 111

Company: BOEING CO
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 111
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 by the tariffs and export restrictions discussed above. Certain of our suppliers are also experiencing financial difficulties. We continue to monitor the health and stability of the supply chain. These factors have reduced overall productivity and adversely impacted our financial position, results of operations and cash flows. During 2024, we recorded a reach-forward loss of $1,770 million on the T-7A 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. We recorded a reach-forward loss on the 777X program during the third quarter of 2025 that was partially attributable to higher estimated supplier costs.

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Segment Results of Operations and Financial Condition

Commercial Airplanes

Results of Operations

(Dollars in millions)Nine months ended September 30Three months ended September 302025202420252024Revenues$30,115$18,099$11,094 $7,443 Loss from operations($6,447)($5,879)($5,353)($4,021)Operating margins(21.4)%(32.5)%(48.3)%(54.0)%

Revenues

BCA revenues increased by $12,016 million for the nine months ended September 30, 2025, compared with the same period in 2024 primarily due to higher deliveries across all programs and the absence of 737-9 customer considerations. BCA revenues increased by $3,651 million for the three months ended September 30, 2025, compared with the same period in 2024 primarily due to higher deliveries.

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

737 *767 *777 787 TotalDeliveries during the first nine months of 2025330 (5)20 (10)29 61 440 Deliveries during the first nine months of 2024229 (4)15 (7)11 36 291 Deliveries during the third quarter of 2025121 (2)6 (3)9 24 160 Deliveries during the third quarter of 202492 (2)6 (2)4 14 116 Cumulative deliveries as of 9/30/20259,123 1,341 1,770 1,222 Cumulative