Boeing 2005 Annual Report Download - page 47

Management’s Discussion and Analysis
Forward-Looking Information is
Subject to Risk and Uncertainty
Certain statements in this report may constitute “forward-
looking” statements within the meaning of the Private Litigation
Reform Act of 1995. Forward-looking statements are based
upon assumptions as to future events that may not prove to be
accurate. These statements are not guarantees of future per-
formance and involve risks, uncertainties and assumptions that
are difficult to predict. Actual outcomes and results may differ
materially from what is expressed or forecasted in these for-
ward-looking statements. As a result, these statements speak
only as of the date they were made and we undertake no obli-
gation to publicly update or revise any forward-looking state-
ments, whether as a result of new information, future events or
otherwise. Words such as “expects,” “intends,” “plans,” “proj-
ects,” “believes,” “estimates,” and similar expressions are used
to identify these forward-looking statements. These include,
among others, statements relating to:
� the effect of economic downturns or growth in particular
regions;
� the effect of the expiration of any patents or termination of
any patent license agreements on our business;
� the adequacy of coverage, by allowance for losses, of risks
related to our foreign accounts receivable being payable in U.S.
dollars;
� the continued operation, viability and growth of Commercial
Airplane revenues and successful execution of our backlog in
this segment;
� the timing and effects of decisions to terminate production
of a commercial airplane program;
� the effect of political and legal processes, changing priorities
or reductions in the U.S. Government or foreign government
defense and space budgets on our revenues from our IDS
business segments;
� the effective negotiation of collective bargaining agreements;
� the continuation of long-term trends in passenger revenue
yields in the airline industry;
� the impact of airline bankruptcies on our revenues or oper-
ating results;
� the continuation of historical costs for fleet support services;
� the receipt of cost sharing payments for research and
development;
� the receipt of estimated award and incentive fees on U.S.
Government contracts;
� the receipt of future contracts and appropriate pricing for
Delta II and Delta IV programs;
� the future demand for commercial satellites and projections
of future order flow;
� the potential for technical or quality issues in the commercial
satellite industry to cause us to incur a material charge or
experience a termination by default;
� the outcome of any litigation and/or government investiga-
tion in which we are a party and other contingencies;
� returns on pension fund assets, impacts of future interest
rate changes on pension obligations and healthcare cost infla-
tion trends;
� the amounts and effects of underinsured operations;
� the effects of contractual changes to the Future Combat
Systems program on our revenues or financial position; and
� the scope, nature or impact of acquisition or disposition
activity and investment in any joint ventures.
This report includes important information as to these factors in
the Notes to our consolidated financial statements included
herein and in the section titled “Management’s Discussion and
Analysis of Financial Condition and Results of Operations”.
The Boeing Company and Subsidiaries 45