Title: How Boeing Makes Money: Airplanes, Defense, Services, Financing
Headings: How Boeing Makes Money
How Boeing Makes Money
Defense, Space & Security segment is the largest revenue source
Key Takeaways
Boeing's Financials
Boeing’s Business Segments
Commercial Airplanes (BCA)
Defense, Space & Security (BDS)
Global Services (BGS)
Boeing Capital (BCC)
Boeing’s Recent Developments
Article Sources

Content: Additionally, the company's defense and space business faces competition from major players like Lockheed Martin Corp. ( LMT ), Northrop Grumman Corp. ( NOC ), Raytheon Co. ( RTX ), General Dynamics Corp. ( GD ), U.K.-based BAE Systems PLC ( BAESY ), and Elon Musk's Space X. 2 ﻿﻿
Key Takeaways
Boeing produces commercial and military aircraft, weapons systems, strategic defense and intelligence systems, and related products and services. Defense, Space & Security has overtaken Commercial Airplanes as Boeing's largest revenue source. The U.S. government is one of Boeing's largest customers. The 737 MAX has returned to service after being grounded for nearly two years. Boeing's Financials
Boeing has faced a number of struggles over the past year that have adversely impacted its business, including the COVID-19 pandemic and the grounding of the company's 737 MAX aircraft. Boeing posted a net loss of $11.9 billion in FY 2020, a significant deterioration from the net loss of $636 million in FY 2019. Revenue for the year fell 24.0% to $58.2 billion. 3 ﻿﻿
The company noted in its annual filing for FY 2020 that the pandemic has caused a significant shock to demand for air travel. The fall in demand has adversely impacted the entire aerospace manufacturing and services sector. Boeing said it expects it to take about three years before travel will return to 2019 levels and a few years longer for the industry to get back on its long-term growth trend.