Boeing 2009 Annual Report Download - page 44

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Boeing Military Aircraft
Operating Results
(Dollars in millions)
Years ended December 31, 2009 2008 2007
Revenues $14,057 $13,311 $13,499
% of Total company revenues 20% 22% 20%
Earnings from operations $ 1,513 $ 1,277 $ 1,607
Operating margins 10.8% 9.6% 11.9%
Research and development $ 541 $ 479 $ 445
Contractual backlog $26,311 $25,710 $22,974
Unobligated backlog $ 9,322 $10,048 $ 8,587
Revenues BMA revenues increased 6% in 2009 and decreased 1% in 2008. The increase of $746
million in 2009 was primarily due to higher deliveries and volume on the Apache, V-22 and Chinook
rotorcraft programs and the F-18 and Proprietary programs, partly offset by lower volume on the F-22
and several weapons programs. The decrease of $188 million in 2008 is primarily driven by lower F-22,
Apache, F-18 and Chinook revenue partially offset by increased deliveries on F-15 and International
KC-767 Tanker and C-17 contract mix.
Deliveries of new-build production aircraft, excluding remanufactures and modifications, were as
follows:
Years ended December 31, 2009 2008 2007
F/A-18 Models 49 45 44
F-15E Eagle 13 14 12
C-17 Globemaster 16 16 16
International KC-767 Tanker 22
CH-47 Chinook 11 12 10
T-45TS Goshawk 779
AH-64 Apache 23 317
C-40A Clipper 3
Total new-build production aircraft 121 99 111
Operating Earnings BMA operating earnings increased by $236 million in 2009 partly due to higher
deliveries on several programs and volume, partially offset by a change in delivery mix. Operating
earnings in both years were negatively impacted by charges on the AEW&C and International KC-767
Tanker programs. BMA earnings decreased by $330 million in 2008 primarily due to charges taken on
the AEW&C program. Delivery mix and lower volume also contributed to the decrease in 2008.
Research and Development The BMA segment continues to focus research and development
resources to leverage customer knowledge, technical expertise and system integration of manned and
unmanned systems that provide innovative solutions to meet the warfighter’s enduring needs.
Research and development expense in 2009 increased by 13% over 2008 primarily due to proprietary
programs which was partially offset by lower international tanker development costs. Research and
development activities utilize our capabilities in architectures, system-of-systems integration and
weapon systems technologies to develop solutions which are designed to enhance our customers’
capabilities in the areas of mobility, precision effects, situational awareness and survivability.
Investments in prototyping allow us to offer low-risk programs to our customers. The products of our
research and development support both new manned and unmanned systems as well as enhanced
versions of existing fielded products. Investments support vertical integration of our product line in
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