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The Boeing Company 2007 Annual Report

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The Boeing Company 2007 Annual Report

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The Boeing Company
Boeing is the world’s leading aerospace company and the largest manufacturer of commercial jetliners and military aircraft combined, providing products and tailored services to airlines and U.S. and allied armed forces around the world. Our capabilities include rotorcraft, electronic and defense systems, missiles, satellites, launch systems and advanced

information and communication systems. Our reach extends to customers in more than 90 countries around the world, and we are a leading U.S. exporter in terms of sales. With corporate
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On that foundation, we are pursuing one big, overarching goal. We aim to be the world’s strongest, best and best-integrated aerospace company — for today and tomorrow. Measured against that goal, 2007 stands out as a year of significant — and accelerating — progress. We achieved record financial performance, which reflects the potent combination of good top-line growth and strong gains in productivity. Total revenues rose to an all-time high of $66.4 billion. For the first time ever, both of our core businesses — Boeing Commercial Airplanes and Boeing Integrated Defense Systems — simultaneously achieved double-digit operating margins. Gains in productivity and performance in existing programs contributed significantly to earnings and helped offset additional investment in key growth programs. Our cash flow went from strong to even stronger — increasing from $7.5 billion in 2006 to $9.6 billion in 2007.

We also had our best year ever in capturing new business and adding to a backlog that now totals almost one third of a trillion dollars — or just about five times our total revenues in 2007. Boeing Commercial Airplanes had spectacular success in landing 1,423 airplane orders during 2007, reaching more than 1,000 orders for an unprecedented
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