Strike hurts Boeing revenues
Posted: Fri, Feb 3, 2006, 6:40 AM ET (1140 GMT)
A three-month strike that crippled the Delta launch vehicle program depressed Boeing's revenues for the fourth quarter, the company reported this week. Boeing's Launch and Orbital Systems division reported revenues of $548 million in the fourth quarter of 2005, down from $667 million in the same quarter of 2004. For all of 2005 the unit has revenues of $2.74 billion, down from $2.97 billion in 2004. The company said that the strike by workers involved with the assembly and launch of Delta boosters caused the decreased revenues; that strike ended Wednesday when workers ratified a new contract. Despite the decreased revenues the unit still reported earnings of $23 million for the fourth quarter and $780 million for the full year, compared to losses of $76 million and $342 million for the fourth quarter and full year of 2004.
A three-month strike that crippled the Delta launch vehicle program depressed Boeing's revenues for the fourth quarter, the company reported this week. Boeing's Launch and Orbital Systems division reported revenues of $548 million in the fourth quarter of 2005, down from $667 million in the same quarter of 2004. For all of 2005 the unit has revenues of $2.74 billion, down from $2.97 billion in 2004. The company said that the strike by workers involved with the assembly and launch of Delta boosters caused the decreased revenues; that strike ended Wednesday when workers ratified a new contract. Despite the decreased revenues the unit still reported earnings of $23 million for the fourth quarter and $780 million for the full year, compared to losses of $76 million and $342 million for the fourth quarter and full year of 2004.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
|
|
news links
|
|
Friday, March 27
A leap forward for Lumio: Phase C officially launched
ESA — 6:09 am ET (1009 GMT) Cantor Fitzgerald cuts Firefly Aerospace stock price target on estimates
Investing.com — 6:08 am ET (1008 GMT) SpaceX President: Starlink Could Plateau at 15,000 or 20,000 Satellites
PC Magazine — 6:07 am ET (1007 GMT) Data Centers on Orbit Could Boost Space Operations, Experts Say
National Defense Magazine — 6:06 am ET (1006 GMT) National Defense Strategy ‘falls short’ on nuclear, space threat: SASC chair
Defense One — 6:05 am ET (1005 GMT) |
