In 2022, Boeing experienced a decline in its net sales in the defense, space and security segment, which is its second largest operating segment based on net revenue. The company generated $23,162 million in net sales from the defense segment compared to $26,540 million in 2021.
The total net revenue of the company in 2022 was $66,608 million compared to $62,286 million in 2021. Its largest business segment is commercial airplanes which generated $25,867 million in net sales in 2022. Despite a growth in its total net revenue compared to the prior year, the company incurred a net loss of $5,053 million. In the previous year (2021), the net loss of the company was $4,290 million.
Revenue of Boeing from Defense, Space and Security (BDS) 2005-2022
Amounts are in millions.
| Year | BDS Revenue (millions) |
|---|---|
| 2022 | $23,162 |
| 2021 | $26,540 |
| 2020 | $26,257 |
| 2019 | $26,095 |
| 2018 | $26,300 |
| 2017 | $23,938 |
| 2016 | $20,180 |
| 2015 | $23,708 |
| 2014 | $30,881 |
| 2013 | $33,197 |
| 2012 | $32,607 |
| 2011 | $31,976 |
| 2010 | $31,943 |
| 2009 | $33,661 |
| 2008 | $ 32,047 |
| 2007 | $ 32,052 |
| 2006 | $ 32,411 |
| 2005 | $31,105 |
Boeing is one of the world’s leading aerospace firms. Its business is divided into four operating segments that include :
- Commercial Airplanes (BCA);
- Defense, Space & Security ( BDS );
- Global Services ( BGS );
- Boeing Capital ( BCC ).
Boeing’s net revenues from the BDS segment in 2021 was $26,540 million compared to $26,257 million in 2020. Its revenues from the commercial airplanes segment remained $19,493 million in 2021 compared to $16,162 million in 2020. The total net revenues of the company in 2021 remained $62.3 billion compared to $58.16 billion in 2020.
Commercial airplanes are the leading source of revenue for Boeing accounting for almost 57% of its revenue in 2018. Boeing’s revenue from the commerceial airplanes segment increased to $57,499 million in 2018 from $54,612 million in 2017.
Revenue from Defense, space & security, the second largest segment was $26,300 million in 2018 having risen from $23,938 million in 2017. Total revenue of Boeing in 2018 was $101.13 Billion.
Abhijeet Pratap is a passionate blogger with seven years of experience in the field. Specializing in business management and digital marketing, he has developed a keen understanding of the intricacies of these domains. Through his insightful articles, Abhijeet shares his knowledge, helping readers navigate the complexities of modern business landscapes and digital strategies.