Boeing Co.
Boeing Reports Fourth Quarter 2024 Financial Results and Operational Updates
Summary
The Boeing Company reported a fourth quarter 2024 revenue of $15.2 billion, a GAAP loss per share of ($5.46), and a core loss per share (non-GAAP) of ($5.90). The financials reflect impacts from the IAM work stoppage, charges for certain defense programs, and costs related to workforce reductions. Boeing's total backlog stood at $521 billion at the end of Q4 2024. The company also furnished a press release (Exhibit 99.1) detailing its financial results and operational highlights for the quarter.
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About Boeing Co.
Boeing Co. is a global leader in aerospace and defense, renowned for its significant contributions to the aviation industry. The company designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. Beyond commercial aircraft, Boeing provides products and services to the defense and space sectors, including military aircraft and advanced technology systems. This dual focus allows Boeing to operate at the intersection of commercial aviation and defense industries. As the manufacturer of some of the world’s most widely used aircraft, such as the 737, 777, and the Dreamliner series, Boeing plays a crucial role in international air travel and cargo transit. Its innovations impact various industries, including manufacturing, national defense, and space exploration. Headquartered in Chicago, Illinois, Boeing remains a pivotal player in advancing technological frontiers and supporting global infrastructure through its aerospace and defense capabilities.
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