Boeing 2014 Annual Report Download - page 46

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34
Backlog
BMA total backlog at December 31, 2014 was $29,173 million, a decrease of 13% reflecting revenue
recognized on contracts awarded in prior years, partially offset by contract awards for the F/A-18, P-8 and
Apache programs. BMA total backlog was $33,662 million at December 31, 2013, reflecting a decrease
of 8% from December 31, 2012 primarily due to revenues recognized on F-15, F/A-18 and C-17 program
contracts awarded in prior years, partially offset by CH-47 Chinook and V-22 Osprey multi-year contract
awards.
Additional Considerations
C-17 and F/A-18 See the discussion of the C-17 and F/A-18 programs in Note 11 to our Consolidated
Financial Statements.
KC-46A Tanker See the discussion of the KC-46A Tanker program on page 24.
Network & Space Systems
Results of Operations
(Dollars in millions)
Years ended December 31, 2014 2013 2012
Revenues $8,003 $8,512 $7,911
% of total company revenues 9% 10% 10%
Earnings from operations $698 $719 $562
Operating margins 8.7% 8.4% 7.1%
Contractual backlog $8,935 $9,832 $10,078
Unobligated backlog $5,987 $6,076 $6,937
Revenues
N&SS revenues in 2014 decreased by $509 million compared with 2013 primarily due to a reduction of
$812 million related to lower volume on several government satellite, Electronic and Information Solutions
(E&IS) and proprietary programs, partially offset by $257 million related to higher volume on the Commercial
Crew and SLS programs.
N&SS revenues in 2013 increased by $601 million compared with 2012 primarily due to higher revenue
of $364 million on the SLS program awarded in the fourth quarter of 2012 and higher revenues of $329
million on our commercial satellite programs. This increase was partially offset by lower revenues of $196
million on our E&IS programs.
New-build satellite deliveries were as follows:
Years ended December 31, 2014 2013 2012
Commercial and civil satellites 533
Military satellites 47