Company: BA
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000012927-25-000062
Chunk: 81

Company: BOEING CO
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 81
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 or as one large multi-year order or long-term award. As a result, period-to-period comparisons of backlog are not necessarily indicative of future workloads. The following discussions of comparative results among periods should be viewed in this context.

48

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

Six months ended June 30Three months ended June 302025202420252024F/A-18 Models9443F-15 Models4736CH-47 Chinook (New)121CH-47 Chinook (Renewed)7554AH-64 Apache (New)6323AH-64 Apache (Remanufactured)2113107MH-139 Grey Wolf54P-8 Models2312KC-46 Tanker5552Commercial Satellites22Total62423628

Revenues

BDS revenues for the six months ended June 30, 2025, decreased by $56 million compared with the same period in 2024. The decrease is primarily due to lower volume on certain programs including P-8, Ground-based Midcourse Defense and E-7, as well as the absence of a favorable MQ-25 contract modification that was awarded during the first quarter of 2024. The decrease in revenue was largely offset by $608 million of lower net unfavorable cumulative contract catch-up adjustments compared to the prior year comparable period.

BDS revenues for the three months ended June 30, 2025, increased by $596 million compared with the same period in 2024. The increase reflects lower net unfavorable cumulative contract catch-up adjustments on major fixed-price development programs. Unfavorable cumulative contract catch-up adjustments were $538 million lower than the prior year comparable period.

Earnings/(Loss) From Operations

BDS earnings from operations for the six months ended June 30, 2025, was $265 million, compared with loss from operations of $762 million in the same period in 2024. The increase in earnings is primarily due to lower net unfavorable cumulative catch-up adjustments of $1,352 million compared to the prior year comparable period. The lower net unfavorable cumulative contract catch-up adjustments were partially offset by lower volume. During the six months ended June 30, 2024, losses incurred on the five major fixed-price development programs totaled $1,266 million.

BDS earnings from operations was $110 million for the three months ended June 30, 2025, compared with loss from operations of $913 million in the same period in