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Operational Highlights

IN A CHALLENGING YEAR, CONTINUED SOLID PERFORMANCE FROM OUR BALANCED PORTFOLIO OF AEROSPACE BUSINESSES
  • Generated strong free cash flow totaling more than $3.1 billion, reflecting continued strong performance of our defense and commercial airplane businesses.
  • Achieved solid operating margins on lower planned deliveries of 281 airplanes, demonstrating commitment to aggressively managing for profitability through the downturn while investing for the future.
  • Won key orders from China, All Nippon Airways, AirTran, Southwest and Ryanair.
  • Began offering the new Boeing 7E7 Dreamliner, which targets a market segment expected to reach 3,500 new airplanes over the next 20 years and valued at more than $400 billion.
  • Successfully completed 777-300ER flight test program.
  • Delivered strong performance across most of our broad portfolio of defense businesses, increasing revenues by 10 percent to $27.4 billion.
  • Captured unprecedented defense orders of more than $50 billion, including key transformational and platform program wins:
    1. $14.8 billion for the U.S. Army's Future Combat System as we moved into the System Development and Demonstration phase.
    1. $8.6 billion for an F/A-18 Super Hornet multiyear production extension.
    1. New contract wins for missile defense, EA-18G Growler aircraft, Apache attack helicopters, U.S. Army Chinook fleet modernization and Small Diameter Bomb.
  • Delivered higher earnings in Boeing Capital as it refocused its strategy.
  • Continued to build momentum with firm contracts to install the Connexion by BoeingSM service on 119 aircraft at Lufthansa, SAS, All Nippon Airways, and Japan Airlines.
    • 2003 financial highlights chart