Boeing FY 2014 Revenue Up 5%, Full-Year Profit Jumps 19%

boeing logoBoeing (NYSE: BA) has announced financial results for both the fourth quarter and 2014 fiscal year ended Dec. 31, 2014.

The Chicago-based aerospace and defense company reported a 3-percent increase in revenue for the quarter to $24.47 billion over the prior year period and a 5-percent bump for the full year to $90.76 billion over fiscal 2013 figures.

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Both the total revenue for the quarter and the full fiscal year are records for the company, Boeing said.

Profit for the quarter rose 19 percent to $1.47 billion and 19 percent for the year to $5.45 billion over prior year figures.

Boeing’s commercial airplanes segment recorded a 15-percent year-over-year revenue increase for the quarter to $16.83 billion and an overall 13-percent hike for the full fiscal year to $60 billion.

The company’s defense, space and security segment reported $7.6 billion in revenue with an operating margin of 12.1 percent and a backlog of $62 billion.

Thirty-six percent of that segment’s backlog represents orders from international customers, Boeing said.

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