| Boeing Space and Communications continued to successfully execute our
business plan in the near term, while focusing on our strategic vision of expanding
into new commercial and defense information and communications markets. We also
delivered on our promises of growth, increased earnings and improved profitability. |
| In 2001, the world’s leading space-related business performed on
numerous programs of national significance, such as the Ballistic Missile Defense
Organization’s Ground-based Midcourse Defense (GMD) program, the National
Reconnaissance Office’s Future Imagery Architecture, the Air Force’s
Evolved Expendable Launch Vehicle program and NASA’s International Space
Station. | | Operational highlights for the year included two successful
GMD program intercepts; an inaugural missile defense booster flight; seven successful
Space Shuttle missions; seven Delta II launches, including its 100th successful
mission; on-orbit delivery of six Boeingbuilt satellites, bringing the total to
200; continued on-orbit construction of the International Space Station; and contract
awards for the Wideband Gapfiller Satellite program, AWACs long-term sustainment,
GPS enhancement and certain classified programs. | |  |
| We are actively pursuing
several multibillion-dollar competitions. These initiatives include the Coast
Guard’s Deepwater program to recapitalize and integrate its land, air and
sea assets and the Army’s future-focused Joint Tactical Radio System. Opportunities
like these fit well with our vision of an integrated battlespace of the future,
where enhanced operational effectiveness comes from the integration of varied
platforms into seamless networks. The networks we envision will provide the information
and situational awareness necessary for maintaining the military superiority of
our armed forces regardless of the threat. We see similarly promising capabilities
and growth potential on the commercial side. | | Ideas and execution
are what count. Space and Communications will continue to profitably grow the
business through customer focus, technical and business excellence, and innovation.
Our strategy includes ongoing investment in growth markets; technology leadership
through internal investment, alliances and acquisitions; and penetration of new
markets compatible with Boeing competencies. | |  |
