5 ms·
I presumed the parent meant huge non-airplane military contracts. Airplanes are 69% of revenue but just 54% of profits (now that the dreamliner is in productio
by acomjean 9y ago
I presumed the parent meant huge non-airplane military contracts.
Airplanes are 69% of revenue but just 54% of profits (now that the dreamliner is in production)[1]. The rest is defense were margins are higher.
I was working years ago at a defense contractor who was a sub on a Boeing radar project. The running joke was the Government was giving Boeing work to let it capitalize the design of a new plane.
[1]https://www.fool.com/investing/2017/01/30/boeing-earnings-the-defense-edition.aspx https://www.fool.com/investing/2017/01/30/boeing-earnings-th...