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
|
|
Report outlines cost growth in canceled NASA exploration programs
Posted: Sat, Jun 27 11:14 AM ET (1514 GMT) Perseverance Mars rover finds more potential biosignatures
Posted: Sat, Jun 27 11:12 AM ET (1512 GMT) |
|
news links
|
|
Friday, July 3
Spectrum Battle Heats Up With Rocket Lab’s Iridium Deal
Aviation Week — 9:14 am ET (1314 GMT) Private space pilots are flying orbital missions for the US Space Force
TechCrunch — 9:14 am ET (1314 GMT) First Light, Next Steps—The Path Forged by NASA’s Lunar Reconnaissance Orbiter
USRA — 9:12 am ET (1312 GMT) Amazon has deployed enough satellites to launch Leo service later this year
CNBC — 9:10 am ET (1310 GMT) India’s Space Industry Hunts for Its SpaceX Moment
Bloomberg News — 9:10 am ET (1310 GMT) |
