How Much Of Boeing’s Revenues Comes From The U.S. Government?
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January 2, 2020 - by Trefis Team for forbes.com
Boeing (NYSE: BA) is an American multinational corporation that designs, manufactures, and sells airplanes, rotary aircraft, rockets, satellites, telecommunications equipment, and missiles worldwide.
It is the largest commercial aircraft manufacturing company in terms of volume as well as revenue.
The U.S. government is the single largest customer for Boeing and brought in almost 31% of company's revenue in 2018.
Notably, Boeing accounts for 21% of the U.S. Department of Defense (DoD's) procurement budget. We detail the importance of the U.S. government to Boeing's Revenue in an interactive dashboard, parts of which are summarized below.
An Overview of Boeing's Revenues
Boeing's 4 divisions are expected to make $92.3 Billion for the full year of 2019.
- Commercial Airplanes: $45.6 Billion (49%)
- Defense, Space & Security Systems: $27.4 Billion (30%)
- Global Services: $19.0 Billion (21%)
- Boeing Capital Corporation: $ 0.3 Billion (<1%)
In terms of Customer, Boeing's Expected Revenues of $92.3 Bil in 2019 can be divided into 2 categories:
- US government – $28.6 Bil (31%)
- Others – $63.7 Bil (69%)
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