Boeing Bullish on Defense Sector After Fighter Wins, Shunning Fixed-Price Deals
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Fresh off Boeing’s victory in the competition to build the Navy’s sixth-generation F/A-XX fighter, CEO Kelly Ortberg on Oct. 27 expressed confidence that the darkest days of the company’s beleaguered defense sector are in the past.
A year ago, Boeing expected its Defense, Space, and Security division to see revenue growth in the low single digits, Ortberg told investors in an earnings call. Now, the company is projecting defense revenue growth in at least the mid-single digits or higher.
A year ago, Boeing expected its Defense, Space, and Security division to see revenue growth in the low single digits, Ortberg told investors in an earnings call. Now, the company is projecting defense revenue growth in at least the mid-single digits or higher.
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