Company Profile: Boeing Defense, Space & Security
Background
Boeing Defense, Space & Security (BDS) is a division of The Boeing Company, headquartered in Arlington, Virginia. Established in 2002 through the consolidation of Boeing's defense, space, intelligence, and communications capabilities, BDS is a leading global provider of military aircraft, rotorcraft, missiles, and space systems for both commercial and military customers. The division employs approximately 18,000 people across 20 countries and 49 U.S. states, with 2024 revenues of $22 billion.
Key Strategic Focus
BDS focuses on six key market areas:
- Commercial Derivatives: Utilizing existing commercial aircraft platforms for military applications.
- Military Rotorcraft: Designing and producing military helicopters and tilt-rotor aircraft.
- Human Space Exploration: Developing technologies for human spaceflight missions.
- Satellites: Providing satellite systems for communication, reconnaissance, and navigation.
- Autonomous Systems: Creating unmanned aerial vehicles and systems.
- Services: Offering maintenance, training, and support services for defense and space platforms.
The division aims to deliver decisive mission advantages to its global customers through cutting-edge capabilities.
Financials and Funding
In 2024, BDS reported revenues of $22 billion. The division has a balanced backlog across all markets, including a strong mix of development, production, and support contracts.
Pipeline Development
BDS is involved in several significant programs:
- F/A-18 Super Hornet: A multirole fighter aircraft.
- KC-46A Pegasus: Aerial refueling and strategic military transport aircraft.
- T-7A Red Hawk: Advanced trainer aircraft.
- Starliner Spacecraft: Part of NASA's Commercial Crew Program.
- Evolved Strategic Satellite Communications (ESS): A $2.8 billion contract awarded in July 2025 to develop satellites for nuclear weapons coordination.
Technological Platform and Innovation
BDS leverages several technological platforms and innovations:
- Artificial Intelligence Integration: In September 2025, BDS partnered with Palantir to integrate AI systems across its factories and programs, aiming to standardize data analytics and insights.
- Space Launch Systems: Development of the Space Launch System (SLS) for NASA's Artemis program.
- Autonomous Systems: Advancements in unmanned aerial vehicles, including the MQ-25 Stingray and MQ-28 Ghost Bat.
Leadership Team
- Stephen (Steve) Parker: President and CEO of BDS since July 2025. He has 37 years of experience at Boeing, with expertise in manufacturing, program management, and technical leadership.
Leadership Changes
- September 2024: Theodore "Ted" Colbert III was removed as president and CEO of BDS amid challenges with unprofitable government contracts and operational setbacks.
Competitor Profile
The defense and space industry is characterized by significant government contracts, technological advancements, and geopolitical factors influencing demand. Boeing faces competition from other major defense contractors, including Lockheed Martin, Northrop Grumman, and Airbus.
Competitor Analysis
- Lockheed Martin: A leading defense contractor producing military aircraft, missiles, and space systems.
- Northrop Grumman: Specializes in aerospace and defense technology, including unmanned systems and cybersecurity solutions.
- Airbus: Competes in the defense sector with products like the A400M military transport aircraft.
Strategic Collaborations and Partnerships
- Palantir Partnership: In September 2025, BDS partnered with Palantir to integrate AI systems across its factories and programs, aiming to standardize data analytics and insights.
Operational Insights
BDS has faced challenges, including unprofitable contracts and operational setbacks. The division has been working to stabilize operations, improve program execution, and strengthen relationships with customers.
Strategic Opportunities and Future Directions
BDS is focusing on integrating advanced technologies, such as AI and autonomous systems, into its products and services. The division is also pursuing significant contracts, like the ESS program, to enhance its capabilities in strategic communications.
Social Media Profiles
- Twitter: @BoeingDefense
- Facebook: The Boeing Company
- Instagram: Boeing
- LinkedIn: Boeing
- YouTube: Boeing
