Aerospace and Defense
Company Overview of Boeing Integrated Defense Systems, Inc.
Boeing Integrated Defense Systems, Inc. provides network-centric system solutions to military, government, and commercial customers. It offers intelligence, surveillance, and reconnaissance systems; manufactures military aircraft and satellites; provides space-based communications; integrates primary systems for missile defense; operates as National Aeronautics and Space Administration contractor; and provides in sustainment solutions and launch services. The company is headquartered in St. Louis, Missouri with an additional office in Qatar. Boeing Integrated Defense Systems, Inc. operates as a subsidiary of The Boeing Company.
P. O. Box 516
St. Louis, MO 63166
Key Executives for Boeing Integrated Defense Systems, Inc.
Chief Executive Officer and President
Chief Operating Executive and Vice President
Chairman of Boeing and Chief Executive Officer of Boeing
President of Networks and Space Systems
Compensation as of Fiscal Year 2015.
Boeing Integrated Defense Systems, Inc. Key Developments
Boeing Defense, Space & Security Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for 2015
Jul 22 15
Boeing Defense, Space & Security reported unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, total revenues were $7,544 million against $7,747 million a year ago. Earnings from operations was $546 million against $582 million a year ago. Net earnings were $250 million against $297 million a year ago.
For the six months, total revenues were $14,253 million against $15,380 million a year ago. Earnings from operations was $1,289 million against $1,360 million a year ago. Net earnings were $474 million against $577 million a year ago.
For 2015, the company revised its earnings guidance. Now the company expects total revenue in between $29.5 million to $30.5 million, operating margin to be 9.5%, revised from previously announced guidance of 9.75% to 10.0%.
Boeing Military Aircraft to Take $322 Million Charge in Second Quarter of 2015
Jul 17 15
Boeing Company announced that it will recognize a $536 million, or $0.77-per-share, charge on its KC-46 aerial refueling tanker program when it reports second quarter results on July 22, 2015. The charge reflects higher estimated engineering and manufacturing costs to complete development, certification and initial production of the tanker aircraft, while holding to the program schedule for initial production deliveries in 2017. The KC-46 tanker is being designed, developed and tested under a fixed-price Engineering, Manufacturing and Development (EMD) contract. On a pre-tax basis, Boeing Commercial Airplanes will report a charge of $513 million and the Boeing Military Aircraft segment of Boeing Defense, Space & Security will report a charge of $322 million.
Boeing Defense, Space & Security Creates New Data Analytics Organization; Announces Executive Appointments
May 28 15
Boeing Defense, Space & Security is creating a new data analytics organization to provide customers with new and advanced offerings for leveraging information technologies across its products and services.
Also, Chris Raymond, currently the vice president of Business Development & Strategy for Defense, Space & Security, is assuming dual leadership roles for that unit's Network & Space Systems businesses. Dewey Houck has been named the first chief data analytics officer for Chadwick's unit, reporting to Darryl Davis, president of the Phantom Works advanced technology group. Houck was vice president and general manager of Electronic & Information Solutions within Network & Space Systems. Raymond is succeeding Houck and becoming the Washington, D.C.-based deputy to Network & Space Systems President Craig Cooning, who is in California. These changes are effective June 1, 2015. Tom Bell returns to Boeing to succeed Raymond as vice president of Sales and Marketing, a new name for the business development team that emphasizes the importance of accelerating sales and global growth. Bell will report to Chadwick. Bell spent more than 20 years at Boeing before departing in 2012 for Rolls-Royce, where he most recently was president of Rolls-Royce Defense. Bell's appointment is effective June 5, 2015. Steve Nordlund is appointed vice president of Strategy for Defense, Space & Security. Reporting directly to Chadwick, Nordlund will lead a team focused on ensuring alignment and integration of the business strategy across the enterprise, enabling the company to quickly and affordably bring new and enhanced capabilities to Boeing's domestic and international customers. Most recently Nordlund led the Unmanned Systems organization within Boeing Military Aircraft and Phantom Works. Nordlund's appointment is effective June 1, 2015.
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