In 2023, the revenues of the Boeing Company in the defense, space & security segment amounted to 24.93 billion U.S. dollars. Total revenues of Boeing reached nearly 78 billion U.S. dollars in that year.
Wartime defense spending in the United States
Notably, defense, space, and security revenues peaked at Boeing during the wars in Afghanistan and Iraq. The highest revenue was recorded in 2009, as both wars were occurring, amounting to nearly 33.7 billion U.S. dollars. Between 2001 and 2022, over one trillion U.S. dollars had been spent on the war in Afghanistan, which officially ended in 2021. Meanwhile, spending in Iraq peaked in 2008, with costs amounting to over 142 billion U.S. dollars that year.
The new Space Race
Globally, spending on space exploration has also increased over time. Space program expenditures have gone from around 42.4 billion U.S. dollars in 2014 to 103 billion U.S. dollars in 2022. The United States accounted for the bulk of this spending, contributing nearly 61.97 billion U.S. dollars in 2022 and 73.2 billion U.S. dollars in 2023.
Revenues of Boeing in the area of defense, space and security from 2001 to 2023
(in billion U.S. dollars)
From 2017 onwards, certain services reported under the Defense, Space and Security (BDS) segment (primarily those included in the Global Services & Support (GS&S) sub-segment) were moved from BDS to be included in the the newly-created Boeing Global Services (BGS) segment. The recalculated 2015 and 2016 figures from the the 2017 Annual Report have been included in this statistic, but values prior to 2015 include revenue from the former GS&S sub-segment.
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Boeing. (May 8, 2024). Revenues of Boeing in the area of defense, space and security from 2001 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/268999/sales-in-defense-of-boeing/
Boeing. "Revenues of Boeing in the area of defense, space and security from 2001 to 2023 (in billion U.S. dollars)." Chart. May 8, 2024. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/268999/sales-in-defense-of-boeing/
Boeing. (2024). Revenues of Boeing in the area of defense, space and security from 2001 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/268999/sales-in-defense-of-boeing/
Boeing. "Revenues of Boeing in The Area of Defense, Space and Security from 2001 to 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 8 May 2024, https://www.statista.com/statistics/268999/sales-in-defense-of-boeing/
Boeing, Revenues of Boeing in the area of defense, space and security from 2001 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/268999/sales-in-defense-of-boeing/ (last visited December 30, 2024)
Revenues of Boeing in the area of defense, space and security from 2001 to 2023 (in billion U.S. dollars) [Graph], Boeing, May 8, 2024. [Online]. Available: https://www.statista.com/statistics/268999/sales-in-defense-of-boeing/
