ARLINGTON, Virginia -- The Boeing Company recorded fourth quarter 2025 revenue of $23.9 billion, a 57 percent increase compared to the $15.2 billion reported in the fourth quarter of 2024. For the full year 2025, total revenue reached $89.5 billion, representing a 34 percent increase over the $66.5 billion generated in the prior fiscal year. The company reported quarterly net earnings of $8.2 billion, compared to a net loss of $3.9 billion in the same period last year. On a full-year basis, Boeing returned to profitability with net earnings of $2.2 billion, a significant recovery from the $11.8 billion net loss recorded in 2024. These financial results were substantially impacted by a $9.6 billion gain on the sale of the Digital Aviation Solutions business, which closed in the fourth quarter.

Total company backlog grew to a record $682 billion at year-end, up from $521 billion at the end of 2024. This growth reflects 1,173 net commercial orders during the year and notable defense awards, including 96 AH-64E Apache helicopters and 15 KC-46A Tankers. The acquisition of Spirit AeroSystems, finalized in December 2025, is intended to improve production stability and quality across major programs, supporting long-term modernization and force-structure priorities.

Management indicated that 2025 served as a foundation for operational recovery, with a continued focus on completing development programs and stabilizing production rates. Revenue visibility remains high due to the record backlog, though execution risk persists within fixed-price defense contracts and the ongoing integration of newly acquired aerostructures operations.

INDUSTRY SEGMENTS

Commercial Airplanes

Commercial Airplanes generated $11.4 billion in fourth quarter revenue, contributing to a full-year total of $41.5 billion, an 82 percent increase over the $22.9 billion reported in 2024. Annual deliveries totaled 600 airplanes, the highest total since 2018, compared to 348 deliveries in the prior year. During the quarter, the 737 program reached a production rate of 42 per month and the 787 program began transitioning to a rate of eight per month.

The segment reported an annual operating loss of $7.1 billion, an improvement from the $8.0 billion loss in 2024. Full-year operating margins moved to negative 17.1 percent from negative 34.9 percent. Performance was driven by higher delivery volumes and improved operational efficiency, though results were tempered by costs associated with the Spirit AeroSystems acquisition.

Defense, Space & Security

Defense, Space & Security revenue rose to $7.4 billion in the quarter and $27.2 billion for the full year, a 14 percent increase over the $23.9 billion reported in 2024. The segment captured significant awards for tanker and rotorcraft platforms and delivered the first operational T-7A Red Hawk to the U.S. Air Force. Segment backlog reached a record $85 billion, with 26 percent of orders originating from international customers.

The segment narrowed its annual operating loss to $128 million, compared to a $5.4 billion loss in the prior year. The full-year operating margin improved to negative 0.5 percent from negative 22.6 percent. However, quarterly results included $0.6 billion in losses on the KC-46A program, primarily due to higher estimated production support and supply chain costs.

Global Services

Global Services revenue reached $5.2 billion in the fourth quarter and $20.9 billion for the full year, a 5 percent increase over the $20.0 billion generated in 2024. The segment achieved record annual orders of $28 billion and ended the year with a backlog of $30 billion. Growth was primarily driven by increased government volume.

Full-year operating earnings for the segment totaled $13.5 billion, resulting in an operating margin of 64.4 percent, compared to 18.1 percent in 2024. This surge in profitability was primarily due to the $9.6 billion gain from the Digital Aviation Solutions divestiture.

The 2025 fiscal year marks a structural turning point for Boeing, defined by the reintegration of core aerostructures through Spirit AeroSystems and the divestiture of non-core digital assets. While record backlogs across all segments provide a stable foundation for medium-term revenue, the company’s ability to sustain profitability depends on successfully navigating production ramps and mitigating fixed-price contract risks in the defense sector.

Source: Forecast International
Associated URL: www.boeing.com

TOULOUSE, France - Airbus will launch its first Pléiades Neo Next satellite early 2028 from the European Spaceport in Kourou, French Guiana. The satellite will be launched on an Avio’s Vega C rocket.

With the Pléiades Neo Next program, Airbus is reinforcing its Earth Observation capabilities and services to remain at the forefront of geospatial technologies. This new program will result in new satellite assets and capabilities, including 20-cm-class native resolution.

The Pléiades Neo Next program is funded, manufactured, and operated by Airbus Defence and Space, with the full image capacity available for a wide range of sectors including defence and intelligence, agriculture, environment, maritime, disaster response, mapping, location-based services, civil engineering, urban planning and utilities.

Users will continue to be able to directly task the Airbus satellites up to a few dozen minutes prior to the satellite over the area of interest. Images will be received through the customer’s Direct Receiving Stations (DRS) on the ground, or on the OneAtlas digital platform, swiftly after collection, allowing mission-critical applications.

Working together, the Pléiades Neo and Pléiades Neo Next satellites will offer a higher revisit anywhere on Earth, up to several times per day, along with the best spatial resolution and geolocation accuracy available in the market. In addition to enhanced native resolution, Pléiades Neo Next development will further improve the ground segment, the DRS and the OneAtlas platform, resulting in a higher capacity of imagery requests as well as optimizing the time between request, capture and reception.

With Pléiades Neo Next, Airbus is reinforcing its Earth observation capabilities and services to remain at the forefront of geospatial technologies. The Airbus fleet includes both optical and radar satellite constellations ensuring complementarity services and applications, including various resolutions, all-weather and day and night capabilities. In parallel, Airbus is developing new capabilities based on stratospheric platforms.

Source: Airbus
Associated URL: https://www.airbus.com/en/newsroom/press-releases/2026-01-the-first-airbus-pleiades-neo-next-satellite-will-be-launched-early-2028

MADRID - Airbus Defence and Space and Hisdesat have agreed to prolong and expand their long-standing and successful collaboration in the international radar Earth observation market with the signing of an agreement to commercialize imagery and applications from the future PAZ-2 radar satellites.

The agreement, formalized during the European Space Conference in Brussels (Belgium), extends the existing partnership for the commercialization of radar imagery from the PAZ satellite in constellation with the German TerraSAR-X / TanDEM-X satellites, an alliance first established in 2018.

Led by the Spanish Ministry of Defence and Hisdesat, PAZ-2 is one of the most advanced Earth observation programs in the world. It consists of twin satellites that will replace the current PAZ satellite, in service since 2018, ensuring and enhancing the current capabilities. The PAZ-2 program is funded by the Spanish Ministry of Industry and Tourism and will provide radar imagery and services primarily to the Spanish Ministry of Defence.

In July 2025, Hisdesat awarded Airbus Defence and Space the contract for the manufacture of these two new satellites.

The PAZ-2 satellites are scheduled to fly in constellation and will integrate advanced technologies enabling unprecedented image quality with an improved resolution of up to 10 centimeters. They will also increase coverage to 6.7 million km2 per day per satellite, offering a maximum image swath width of 500 km.

To meet the requirements of urgent operations, the PAZ-2 mission will provide reliable near-real-time services, with a latency from acquisition to availability of only five minutes.

These enhancements will strengthen intelligence and surveillance capabilities for defense and security missions, as well as civil applications in infrastructure monitoring, risk management, border control, and disaster assessment. The first of the PAZ-2 satellites is expected to enter service by mid-2031.

This next-generation Earth observation program consolidates the leadership of the Spanish space industry, with 65% national participation under the direction of Airbus Defence and Space, which serves as the prime contractor for the space segment.

Source: Airbus
Associated URL: https://www.airbus.com/en/newsroom/press-releases/2026-01-airbus-and-hisdesat-sign-a-commercialisation-agreement-for-paz-2-satellite-imagery