Boeing, a central player on the Pentagon side of the current U.S. nuclear arsenal modernization regime, broke its own sales and earnings records for the year and quarter ended Dec. 31, the Chicago-based defense prime said Wednesday.
Boeing, which among other things is working on designs for next-generation nuclear-armed intercontinental ballistic missiles and production of a tail kit for the revamped B61-12 gravity bomb, will host its quarterly earnings call at 10:30 a.m. Eastern time today, according an earnings press release this morning.
At the Defense, Space & Security segment that includes the company’s nuclear weapons work for the Pentagon, annual operating profit fell to about $1.5 billion. That is down roughly 25 percent from $2 billion a year ago. However, annual segment revenue rose nearly 15 percent to almost $25 billion from around $20 billion in 2017. Quarterly earnings from operations in the segment rose to about $670 million, up some 25 percent year over year from about $545 million.
Overall, and including its flagship commercial aircraft division, Boeing posted annual net earnings of nearly $10.5 billion in 2018, up almost 25 percent from about $8.5 billion in 2017. Yearly earnings per share landed at $17.85, up nearly 30 percent from $13.85, Boeing said. Revenue for the year was just over $100 billion, rising from $95 billion in 2017.
Fourth-quarter net earnings were roughly $3.4 billion, up around 3 percent from $3.3 billion in 2017. On a per-share basis, quarterly earnings rose nearly 10 percent to $5.93 from $5.49. Revenue for the quarter rose almost 15 percent to just under $30 million from just under $25 million a year ago.
