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  • Thursday, April 18, 2024

Boeing Network, Space Systems Revenue Up 5% for 2Q

boeing logoBoeing (NYSE: BA) has announced financial results for the second quarter of its 2013 fiscal year, reporting 9 percent higher revenue over the prior year period.

Revenue for the company’s network and space systems business increased to $2.05 billion, 5 percent higher than the $1.96 billion reported for the prior year period.

The company attributed the increase to higher revenue from the Space Launch System program and commercial satellite programs, including a contract from ViaSat for one 720HP spacecraft and another contract to build four 702MP satellites for Intelsat.

Boeing’s global services and support business saw second-quarter revenue increase 3 percent to $2.25 billion and the company cited higher volume of maintenance, modifications and upgrade work.

Total backlog for the defense, space and security segment reached $71 billion and orders from international customers represent 37 percent of that figure.

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