Boeing space unit reports losses for quarter, year
Posted: Fri, Jan 30, 2004, 9:38 AM ET (1438 GMT)
The space unit of The Boeing Company reported Thursday a loss for its fiscal fourth quarter as well as for all of 2003. The Launch and Orbital Systems unit of Boeing’s Integrated Defense Systems reported a fourth-quarter loss of $94 million on revenues of $604 million, compared to a $56-million loss in the same quarter of 2002, on revenues of $668 million. For all of 2003 the unit recorded a loss of nearly $1.8 billion on $3.0 billion in revenue, compared to a loss of $182 million on $2.8 billion in revenues for 2002. Most of the 2003 loss was from a billion-dollar charge the company took in the second quarter to cover a weak market for its Delta 4 launch vehicles and commercial satellites. Overall Boeing reported net income of $700 million for 2003 on $50.5 billion in revenues.
The space unit of The Boeing Company reported Thursday a loss for its fiscal fourth quarter as well as for all of 2003. The Launch and Orbital Systems unit of Boeing’s Integrated Defense Systems reported a fourth-quarter loss of $94 million on revenues of $604 million, compared to a $56-million loss in the same quarter of 2002, on revenues of $668 million. For all of 2003 the unit recorded a loss of nearly $1.8 billion on $3.0 billion in revenue, compared to a loss of $182 million on $2.8 billion in revenues for 2002. Most of the 2003 loss was from a billion-dollar charge the company took in the second quarter to cover a weak market for its Delta 4 launch vehicles and commercial satellites. Overall Boeing reported net income of $700 million for 2003 on $50.5 billion in revenues.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
|
|
news links
|
|
Sunday, February 12
Philip Plait on the Wonders of the Universe
The Browser — 7:00 pm ET (0000 GMT) Young girl's curiosity of science leads to becoming first African-American woman in space
US Air Force — 6:58 pm ET (2358 GMT) Cleveland-built testing equipment ready for space
AP — 6:57 pm ET (2357 GMT) Out of this world! Video shows spectacular view of moon and Northern Lights from space
The Daily Mail — 6:56 pm ET (2356 GMT) Final ‘go’ for Vega launch
ESA — 10:27 am ET (1527 GMT) |