Boeing 2015 Annual Report Download - page 51

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35
Backlog
BMA total backlog at December 31, 2015 was $27,170 million, a decrease of 7% reflecting revenue
recognized on contracts awarded in prior years, partially offset by contract awards for the F-15, Apache,
C-17 and F/A-18 programs. BMA total backlog at December 31, 2014 was $29,139 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.
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.
USAF KC-46A Tanker See the discussion of the USAF KC-46A Tanker program on pages 24 – 25.
Network & Space Systems
Results of Operations
(Dollars in millions)
Years ended December 31, 2015 2014 2013
Revenues $7,751 $8,003 $8,512
% of total company revenues 8% 9% 10%
Earnings from operations $726 $698 $719
Operating margins 9.4% 8.7% 8.4%
Contractual backlog $7,368 $8,935 $9,832
Unobligated backlog $4,979 $5,987 $6,076
Revenues
N&SS revenues in 2015 decreased by $252 million compared with 2014 primarily due to lower revenue
of $1,061 million, primarily on satellite and proprietary programs and volume and mix of sales to our United
Launch Alliance (ULA) joint venture, partially offset by higher volume on the Commercial Crew program.
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.
New-build satellite deliveries were as follows:
Years ended December 31, 2015 2014 2013
Commercial and civil satellites 353
Military satellites 14