Boeing Company - Final Results
Fourth Quarter 2020
777X program recorded $6.5 billion pre-tax charge; first delivery expected in late 2023
737 MAX began receiving regulatory approval to resume operations and restarted deliveries
Revenue of $15.3 billion, GAAP loss per share of ($14.65) and core (non-GAAP) loss per share of ($15.25)
Full-Year 2020
Revenue of $58.2 billion, GAAP loss per share of ($20.88) and core (non-GAAP) loss per share of ($23.25)
Operating cash flow of ($18.4) billion; cash and marketable securities of $25.6 billion
Total backlog of $363 billion, including more than 4,000 commercial airplanes
Strengthening safety processes, improving performance, managing liquidity and transforming for the future
Table 1. Summary Financial Results
Fourth Quarter
2020
NM Non-GAAP measure; complete definitions of Boeing s non-GAAP measures are on page 6, Non-GAAP Measures Disclosures.
The Deadly Alphabet Soup That Is India s Defence Acquisition Procedure
Service officers and defence ministry officials concede that the âalphabetic morse codeâ that comprises communications with vendors pose a âformidable comprehensibleâ challenge even to themselves.
Representative image of government files. Photo: Indi Samarajiva/Flickr CC BY 2.0
Security19/Jan/2021
Every day we are assaulted by a miasma of bewildering acronyms and abbreviations in official documents, newspapers and on television, all guaranteed to drown millions of us in thick alphabet soup.
But this confusion is possibly paramount in Indiaâs defence acquisition procedure, that remains a deadly cocktail of abridged and shortened terms that even its originators, at times, find difficult to comprehend or unravel. Service officers and Ministry of Defence (MoD) officials concede that the âalphabetic morse codeâ that comprises almost all their internal communi
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On 13 January 2021, the Cabinet Committee on Security finally cleared the long-pending acquisition of 73 improved Tejas Light Combat Aircraft Mk.1A fighters along with ten LCA Mk.1 trainers.
This Rs 45,696 crore (US$ 6.25 billion) programme marks a rare high point for the beleaguered thirty-year programme, which has suffered through significant development and production delays, and seen no new orders since the Indian Air Force committed to inducting forty aircraft back in 2005.
The LCA Mk.1A variant
dates back to 2015, when the IAF, unhappy with the state of the programme, agreed to an upgraded Tejas that would improve on the LCA Mk.1 that had just achieved Initial Operating Capability (IOC), by adding a new electronically-scanned active array radar, updated avionics, electronic warfare capability, all accompanied by only minor structural changes. This would, at least on paper, be delivered more quickly and cheaply than a comprehensive redesign around a new
The Pentagon wants to make it so by 2025.
What You Should Know: The F-35 is the world s most expensive defense program ever. With time and experience can some of the costs come down?
In addition to being one of the most expensive military hardware platforms ever developed, the Lockheed Martin F-35 Lightning II Joint Strike Fighter is also extremely expensive to operate. A year ago it was estimated that the fifth-generation advanced stealth aircraft cost around $44,000 an hour to fly or put another way $44 million to fly 1,000 hours. That could be $352 million over the 8,000-hour lifespan of the jet, which is more than twice as much as every other fighter aircraft in the U.S. military’s arsenal.
Boeing on Contract for 10 More Years of Singapore F-15 Services Support Our Bureau 2010
U.S. Air Force F-15C Eagles.
The Republic of Singapore Air Force (RSAF) recently awarded Boeing its fourth Performance Based Logistics (PBL) contract to support Singapore’s fleet of F-15SG aircraft.
Under the 10-year, Direct Commercial Sale contract, Boeing will work closely with the RSAF to deliver customized support services to sustain the F-15SG for the next decade. In addition, Boeing’s field service representatives located with the customer will continue to provide on-site technical support, the company said in a release.
PBL contracts expand on traditional transactional models – paying for parts and services as needed – and instead allow for customized, data-driven support based on desired performance outcomes, such as required mission readiness rates or percentage of parts supply, to meet customer requirements. These solutions enable increased readiness rates, maintenance ef