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In 2008, commercial airplanes were 40.6% and defense was 52.5% of revenues. I’m no fan of Boeing, but they’ve been focusing on the military for a very long tim
by mkipper 3y ago
In 2008, commercial airplanes were 40.6% and defense was 52.5% of revenues.
I’m no fan of Boeing, but they’ve been focusing on the military for a very long time.
- tivert 3y ago> I’m no fan of Boeing, but they’ve been focusing on the military for a very long time. But it feels like they aren't succeeding. Didn't Boeing lose out on all the advanced fighter competitions to Lockheed, so all their fighters are last generation and headed for obsolescence? I'm also under the impression that the ULA is losing to SpaceX pretty badly (but maybe the government is pumping money into it for reasons, I don't really follow too closely).
- mkipper 3y agoI also don’t follow that stuff too closely, but yeah, those examples are exactly why Boeing doesn’t stop making commercial airplanes and completely pivot to defense contracting. You _can_ make money hand over fist working with the US military, but winning giant money printing contracts is easier said than done. It’s a super volatile industry that Boeing unsurprisingly limits their exposure to. Discussing anything related to the US military on HN can be frustrating, and the recent surge of “Boeing only really cares about their cash cow, defense” comments is no different.