Commercial Airplanes booked 117 net orders during the quarter. Backlog remains robust with nearly 5,700 airplanes valued at $412 billion.
Defense, Space & Security
|
Table 5. Defense, Space & Security |
Third Quarter |
Nine Months |
|||||||||||||||
|
(Dollars in Millions) |
2017 |
2016 |
Change |
2017 |
2016 |
Change |
|||||||||||
|
Revenues 1 |
$5,470 |
$5,751 |
(5)% |
$15,520 |
$17,281 |
(10)% |
|||||||||||
|
Earnings from Operations 1 |
$559 |
$564 |
(1)% |
$1,670 |
$1,443 |
16% |
|||||||||||
|
Operating Margin 1 |
10.2% |
9.8% |
0.4Pts |
10.8% |
8.4% |
2.4 Pts |
|||||||||||
|
1 Prior year results have been adjusted to reflect the realignment of the services business |
Defense, Space & Security (BDS) third-quarter revenue was $5.5 billion on lower planned deliveries and mix (Table 5). Third-quarter operating margin increased to 10.2 percent, reflecting solid performance and mix, partially offset by KC-46 Tanker cost growth of $73 million.
During the quarter, BDS was awarded contracts from the U.S. Air Force for design of the new Ground-Based Strategic Deterrent defense system and preliminary design of the next presidential aircraft. The U.S. Navy awarded BDS a contract for 14 F/A-18 Super Hornets during the third quarter. Additionally, BDS was selected to design and build seven medium earth orbit satellites for SES.
Backlog at Defense, Space & Security was $46 billion, of which 35 percent represents orders from international customers.
Global Services
|
Table 6. Global Services |
Third Quarter |
Nine Months |
|||||||||||||||
|
(Dollars in Millions) |
2017 |
2016 |
Change |
2017 |
2016 |
Change |
|||||||||||
|
Revenues |
$3,568 |
$3,506 |
2% |
$10,638 |
$10,508 |
1% |
|||||||||||
|
Earnings from Operations |
$506 |
$524 |
(3)% |
$1,639 |
$1,609 |
2% |
|||||||||||
|
Operating Margin |
14.2% |
14.9% |
(0.7) Pts |
15.4% |
15.3% |
0.1 Pts |
|||||||||||
