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

BETHESDA, Md. -- For the fourth quarter of 2025, Lockheed Martin reported sales of $20.3 billion, an increase from $18.6 billion in the same period the previous year. Net earnings for the quarter reached $1.3 billion, compared to $527 million in the fourth quarter of 2024. For the full year, the company recorded total sales of $75.0 billion, a 6 percent increase over 2024.

The company ended 2025 with a record backlog of $194 billion. Performance in the fourth quarter was supported by increased demand for defense systems, following a year where the company invested more than $3.5 billion into production capacity and new technologies. Management indicated that the 2026 outlook includes expected sales growth of approximately 5 percent and free cash flow between $6.5 billion and $6.8 billion.

Cash from operations in the fourth quarter totaled $3.2 billion, while free cash flow was $2.8 billion. These figures followed an $860 million pension contribution. Full-year net earnings were $5.0 billion, which included a $479 million pension settlement charge.

INDUSTRY SEGMENTS

Aeronautics

Fourth quarter 2025 sales in the Aeronautics segment rose to $7.7 billion from $7.2 billion in 2024. The increase was primarily driven by higher volume on the F-35 program. Operating profit for the segment was $795 million, compared to $695 million in the prior year period. For the full year, the segment recognized $950 million in losses related to a classified program.

Missiles and Fire Control

Sales for the Missiles and Fire Control segment reached $3.3 billion in the fourth quarter, up from $3.0 billion in 2024. The growth was attributed to increased production of tactical missiles and integrated air and missile defense systems. Operating profit for the quarter was $450 million. This follows a 2024 fourth quarter that included $1.3 billion in losses on classified programs.

Rotary and Mission Systems

Fourth quarter 2025 sales increased to $4.8 billion from $4.4 billion in 2024. The growth was driven by higher volume in integrated warfare systems and sensors. Operating profit for the segment was $510 million. During 2025, the segment recorded $665 million in program losses related to helicopter initiatives.

Space

Sales in the Space segment for the fourth quarter totaled $3.5 billion, compared to $3.0 billion in the fourth quarter of 2024. The increase was largely due to higher volume on strategic and missile defense programs and national security space projects. Operating profit for the segment rose to $303 million from $255 million in the prior year period.

Source: Forecast International
Associated URL: https://www.lockheedmartin.com/

WASHINGTON - Sri Lanka’s Air Force received 10 helicopters through the U.S. Excess Defense Articles program, the U.S. announced earlier in January, to will help the country manage disaster response.

The 10 TH-57 Bell 206s will support evacuation, search and rescue, and other disaster response missions, the U.S. said in a statement. The delivery was made in wake of Cyclone Ditwah in November, which strained Sri Lanka’s response capabilities.

The helicopters were previously used by the U.S. Navy for training missions.

Sri Lanka will receive the helicopters physically in-country by the end of February.

Source: The Defense Post
Associated URL: https://thedefensepost.com/2026/01/20/us-sri-lanka-helicopters/