Become a smarter investor today.
Become a smarter investor today.
This statistic highlights Boeing’s Backlog by Segment from 2016 to 2021, split between Commercial Airplanes, Defense, Space and Security, Global Services and others.
The Boeing Company, together with its subsidiaries is one of the world’s major aerospace firms and leading manufacturer of commercial aircraft, defense, space, and security systems, and service provider of aftermarket support. As the USA’s leading aircraft manufacturing exporter, the organization works with various airlines and the U.S., and many allied governments in 150+ nations. The four areas of operations of the company are Commercial Airplanes, Defense, Space & Security, Global Services, and Boeing Capital.
Backlog by Segment
|Category||Backlog in Q1 2021||Backlog share in Q1 2021|
|Defense, Space & Security||$61,269||16.8%|
|Unallocated items, eliminations, and other||$349||0.1%|
(Figures in millions)
The total backlog represents the estimated transaction prices on unsatisfied and partially satisfied performance obligations to the customers where there is a probability that they will collect the consideration due and where no contingencies remain before them and the customer is required to perform. Backlog excludes options and Boeing Capital orders. The total backlog marginally increased from $363,404 million as of December 31, 2020, to $363,853 million as of March 31, 2021.
Boeing’s total backlog has significantly declined between 2019 and 2021 due to a number of reasons. One of the major reasons is that the Boeing 737 MAX crashes compelling airline companies to ground these aircrafts, cancel their pending 737 orders and to reassess the safety aspect of these aircrafts. Another major catalyst behind Boeing’s plunging backlog is the COVID-19 outbreak which brought the traveling and tourism industries to a grinding halt, across the globe, and encouraged airline companies to cut their capital expenditures.
Boeing Commercial Airplane (BCA) develops, produces, and markets commercial jet aircraft principally to the commercial airline industry worldwide. Boeing Commercial Airplanes’ total backlog increased from $281,588 million as of December 31, 2020, to $282,621 million on March 31, 2021. reflecting new orders in excess of deliveries.
Defense, Space & Security
Boeing Defense, Space & Security (BDS) includes research, development, creation, and modification of manned and unmanned military aircraft and weapons systems, surveillance and engagement, strategic defense and intelligence systems, satellite systems, and space exploration. The total backlog of $61,269 million on March 31, 2021, was largely unchanged from December 31, 2020.
BGS provides parts, maintenance, modifications, logistics support, training, data analytics, and information-based services to commercial and government customers worldwide. BGS backlog decreased from $20,632 million as of December 31, 2020, to $19,614 million on March 31, 2021, primarily due to revenue recognized on contracts awarded in prior years.
Unallocated items, eliminations, and others
Unallocated items, eliminations, and others include common internal services that support Boeing’s global business operations, intercompany guarantees provided to BCC, and eliminations of certain sales between segments. The backlog for this segment increased from $337 million as of December 31, 2020, to $349 million on March 31, 2021.
Boeing Company headquartered in Chicago, Illinois, was founded by William Boeing in Seattle, Washington on July 15, 1916. Boeing employs more than 140,000 individuals across the United States and in more than 65 nations. This represents perhaps the most diverse, capable, and innovative labor forces around the world.
Boeing’s Business takes place in four main segments Commercial Airplanes, Defense, Space & Security, Global Services, and Boeing Capital. Its wide range of products and services includes commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training
Always know what you’ll pay. No hidden costs or surprises.
* Billed annually, local taxes extra.
* Local taxes extra.