Calepin des entreprises international 2026 VA.pdf — page 40

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STRATEGIC HIGHLIGHTS
BOEING
Business trends
	
 Boeing revenues reached $66.5 billion (€61.5 billion) in 2024, down 14.5% year-on-year in local currency. The 
Commercial Airplanes division is still facing difficulties: its revenues fell 32.6% year-on-year and only 348 aicraft 
were delivered in 2024 compared to 528 in 2023. The group still recorded losses during the year (operating 
loss of $10.7 billion, or €9.9 billion), mainly due to the Commercial Airplanes and Defense, Space & Security 
divisions, with programmes suffering from major delays (KC-46A Pegasus, VC-25B or MQ-25 Stingray).
	
 Boeing operates in the military sector through its Defense, Space & Security division, which generated sales 
of $23.9 billion (€22.1 billion) in 2024. Deliveries of combat aircraft decreased over the year (11 F/A-18E/F 
Super Hornet and 14 F-15E Strike Eagle / F-15EX Eagle II, compared with 22 and 9 respectively in 2023), as 
did deliveries of new CH-47 Chinook helicopters (4 in 2024, compared with 11 in 2023), new AH-64 Apache 
helicopters (16 in 2024, compared to 20 in 2023), KC-46A Pegasus tanker aircraft (10 in 2024, compared to 
13 in 2023) and P-8A Poseidon maritime patrol aircraft (4 in 2024, compared to 11 in 2023). The group also 
handed over six MH-139A Grey Wolf helicopters to the U.S. Army (compared to two in 2023).
	
 In July 2024, Boeing reached an agreement to acquire its subcontractor Spirit AeroSystems (which posted 
revenues of $6.3 billion, or €5.8 billion, in 2024), for $4.7 billion (€4.3 billion). With Spirit AeroSystems being 
responsible for producing defective parts for civil aircraft (notably the 737 MAX), Boeing seeks to bring part of 
its aircraft production back in-house to better detect any manufacturing defects. The group intends to take over 
three factories in the United States and two in the United Kingdom by the end of 2025.
Home market
	
 The group generated 54% of its turnover in the United States in 2024. In defence, the U.S. remains by far 
Boeing’s largest market (78% of sales).
	
 In January 2025, the U.S. Air Force announced the award in 2026 of a contract for the production of the first 
batch of T-7A Red Hawk advanced trainer aircraft (produced by Boeing and Saab). The aircraft should reach 
initial operational capability (IOC) in late 2027 or early 2028.
	
 In March 2025, the U.S. Air Force selected Boeing, over Lockheed Martin, to develop the future sixth-generation 
F-47 air superiority aircraft (NGAD programme), which will be accompanied by UCAVs. This aircraft is intended 
to replace the F-22 Raptor fighter aircraft (Lockheed Martin).
	
 In July 2025, Boeing secured a $2.8 billion (€2.6 billion) contract with the U.S. Space Force to develop and 
produce two communication, command and control satellites (with an option for two more), enabling the 
President of the United States to use nuclear weapons in all circumstances.
Export markets
	
 The group generated 46% of its revenues from exports in 2024. About half of exports sales were generated by 
the Commercial Airplanes division.
	
 Boeing was awarded two contracts worth a combined $580 million (€536 million) in December 2024 by the 
U.S. Air Force to integrate new electronic systems on 68 F-15J Eagle fighter aircraft belonging to the Japan Self-
Defense Forces (Japan Super Interceptor programme). The group will supply its new AN/ALQ-250 EPAWSS 
protection system (warning radar, countermeasures).
	
 In June 2025, Boeing and the Royal Australian Air Force demonstrated the destruction of an aerial target by two 
MQ-28 Ghost Bat «loyal wingman» UCAVs controlled from an E-7A Wedgetail detection aircraft.
Technology and Innovation
	
 The group’s total R&D expenditure reached $3.8 billion (€3.5 billion) in 2024, representing 5.7% of revenues.