Deliveries Increase 61%, Backlog Grows To $619B

Boeing reported stronger than expected Q2 revenue, driven by a sharp increase in deliveries of commercial aircraft compared to the same period last year, and revenue jumped to $10.87 billion compared to $6 billion in Q2 2024.

In the same period last year the company delivered 93 commercial aircraft that increased to 150 this year, a rise of 62%. The company rolled out seven of the 787 model aircraft per month while production of the 737 stabilized at 38 per month.

The total aircraft backlog rose to $169 billion, including more than 5,900 commercial aircraft orders valued at $522 billion. Boeing’s total revenue climbed 35% over last year to $22.75 billion and beating analyst estimates of$20.2 billion. The company attributed the increase to the higher delivery volume and better operational performance.

Kelly Ortberg, President and CEO of Boeing said, “Our fundamental changes to strengthen safety and quality are producing improved results as we stabilize our operations and deliver higher quality airplanes, products and services to our customers. As we look to the second half of the year, we remain focused on restoring trust and making continued progress in our recovery while operating in a dynamic global environment.”

The company’s commercial segment booked 455 net orders that included major agreements with Qatar Airways and British Airways.

Revenue in the Defense, Space & Security segment rose 10% to $6.62 billion for a positive 1.7% operating margin to reverse a 15.5% loss margin last year. The improvement was due to the unit’s securing the U.S. Air Force contract for T-7A aircraft and began testing the MQ-25 Stingray for the Navy as its backlog grew to $74 billion. About 22% of the orders came from international customers.

FMI:  www.boeing.com/