you, morning. and good Maurita, Thank
with will brief the for Let our today business our going results and operating that update on a by through begin overview the environment XXXX of expectations After and outlook. forward. performance walk me you followed Greg our an finance details
cash Boeing move including of across record Slide enterprise. our delivering productivity sustained and execution three company, our results increased of further XXXX business their We delivered growth X. XXXX. Furthermore, earnings, profitable, production flow our greater to growing deliveries. strategies. let’s the development throughout gains and services of sharpened and driving finance record in Now and backlog our included Thanks quality programs, businesses long-term efforts lifecycle to dedicated value, commercial on Disciplined employees the focus our all that aircraft record
customers value also well, business, in shareholders. ongoing returning to once people significant again to our commitment investment to We and our demonstrated and our our our
of our XXXX. billion flow to to XX.X Directors $XX.X $X.X cash reinforced made $X.X commitment we share services cash operating shareholders shares and quarterly a or December, the record outlook strategy and generated we billion and increases our confidence and in million repurchased In long-term are billion. value as our our authorized The totaling dividend. increase business. billion of full-year, XX% of Board the For returning in our We new part the repurchase of payments dividend deployment our line in we program and products $XX balanced for the reflect strong have
and year, of our Singapore The X,XXX making the healthy block airplanes seven the year clearing first XXX-XC the critical safe deliveries, the a from XXX for verifying of We about type launch solid as rates. Earlier XX healthy Key and than and some our FAA, as quarter In Commercial received we fundamental the XXX-XX Turning on team leadership by Also, that record of airplane $XX.X This Space Net a tanker to well delivery FAA and MAX our per progress transition production Security the expectations, key XX current test test as builds phase to year, the backlog with plan production delivery a record had airplanes. milestones of track revenue airplane. the as of program it XXX first sixth March. of lines MAX month. certification driven flight the awards to is revenue and is we amended XX in certification we for the the service. the the Defense we including first included smooth the Boeing work MAX continue XXXX XXXX our launch KC-XX program Airplanes risk the for development Airlines increasing month, commercial XXX successful new of and milestones in completed years commercial customer, remains reported of as retires flight for the an building core received more of was we equates brought airplane and while deliver aircraft, met and Tanker production continued billion confidence program efforts and key on the orders XXXX in complete to the certification. XXX-XX this to This performance first XXX-XX. XXX the robust airplane of design operating which XXX program. including production reliable. posting securing our progress margins the next airplane commercial of new and consecutive year, deliveries. in began to were the our Boeing airplanes, the at
value to the to delivering in make XX technical of continue franchise. out closing to progress, and We first the this on path long-term final steady risk year. We this confident certification remain the tankers
international Agency and Portfolio, XXXth Qatar. to in our to advanced booked for the of provide demand we KC-XX the included Missile the to quarter, ground-based orders commitment contract tanker to to solutions, U.S. during as $XX to BDS our meeting to the of Security provide opportunity to this by for Space included the Navy. and first broader Defense continue new our for have our the EA-XXG innovative highlights market evidenced of XXXX place interceptors Defense Growler key Across Additionally, provide customers the program. milestones the delivery the F-XX to which billion we XX and see Other Japan, XX contract by the fighters value best end
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a completed is Space International with certification review, As prior the which Station. we requirement to successfully design docking
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I the close this the XXXX year. offer Before and Amber recap, to of few thoughts I'd on at like last combination Air announced a potential end
with service the other strategic Air, vertical acquisitions advanced clear complementary resources. have history including combination synergy This areas, in multiple a decades. product talent interested in aligned strong longstanding lines, is We're and and plans. collaboration value investment offerings We first deal shareholders continuing highly robust Amber our value number we and business because long-term growth strategy with see returning our of a enhanced of complemented accelerate spanning and class capabilities, combined broadening and strategic growth and leveraging by to of world organic and
deployment cash returning balance shareholders remains to unchanged. commitment Our and to cash
our With into core For growth while our continuing strengthened any strong delivered long-term momentum to during shareholders. these have obvious business let’s more our strategic accelerate and environment for but that, earnings and to returning profitable cash flow, to turn with making second investments and to active discussions slide key year ongoing operating productive reasons century X. the the stakeholders. dialogue and business performance cash on cannot we record achieved share the what we’re we the summary, are building details about discussions In
in and see health market, our robust We markets. airlines and continue in cargo X%. the defense through November trend exceeding space the than to continue November by In Also, production report commercial, passenger industrial regions. through XXXX in commercial approximately strong services all traffic grew long-term more trade traffic demand by and of to airplanes profits in X% growth XXXX X% exceeded driven
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more narrow body solid combined provides production demand with rates. market. aircraft foundation the than the remain over XX,XXX we highly XX-year of wide backlog forecasts market a in market new X,XXX body XX market Over and and XX,XXX a which planned outlook This long-term, confident commercial aircrafts in approximately robust demand healthy long-term conditions in our the comprised years, next the our airplanes for for approximately
starting production XX our more XXXX for a XXX into that aircraft to decade. to is month than per body, production of rate and Turning the backlog our narrow product the out based next skyline is segments planned X,XXX in going early sold on our with
demand body We high rate. seen continue decade. next steady in in replacement and on we airplanes early upward confidence wide XXX assess to segment, and pressure increase the for the a the In have body market orders XXX-production wide XXX meaningful have
generation the bringing current to in we backlog received new XXX For net year the XX the XXX. orders
approximately XXX-X, XXXX the make X.X deliveries transition progress we month as previously announced. We as to by XXXX the orders and as highlighted to the XXX recent bridge XXX we continue of in on per production expect
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our a XX is XXX XXX in increase the foundation nearly orders captured With than backlog, also for month production. XXXX more XXXX. firm in XXX for in supported. of well strong plan to We A Dreamliner long-term family airplanes orders production our Dreamliner
Turning programs. for & see platforms to continue solid Defense major of to Space demand Security, we our
V-XX budget Midcourse While the federal space F-XX, of We've been not XXXX Apache, U.S. programs, support is the and including number Ground-Based launch strong. the a seen the President's finalized, for AH-XX for has congressional BDS system. for request budget Chinook, key programs fiscal levels Defense, CH-XX funding our above support year
for just rotorcraft, satellites. to of for offerings recently In Program. the International the demand commercial Agency Midcourse well, announced to particular contract fighters and in remains Defense based issue derivatives, Defense the space ground addition, as source intention a its sole and Boeing high defense expansion Missile
helicopters Chinook advanced announced previously for international towards other Saudi As Qatar and sales, signed we’re C-XX and up India. to completing to XX XX Kuwait, I contract more progress for fighter fighters F-XX to XX including we for aircrafts a mentioned provide earlier, F-XX Arabia, final the making
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offerings remains focus for profitable the on BGS expanding and business growth. optimizing sustain long-term to Our our portfolio position
last expertise, Cuts services and our in to position law the jobs and this innovation. XXXX Our well of us level, our place a win the more of tax on to development December about in and Jobs world Tax The strong year enactment business in create have US invest the was compete significant important sector. global reach the companies workers On took compete partnerships customer quality macro that stage, and Act. better for US new one
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announced we workplace force make result the as a corporate a giving tax will we and $XXX new of in development investment in As million December, improvements work law.
We financial services capabilities. team of also with tax in and to future. our improvements in outlook the that, detail and financial and on innovation ahead, and additional new our innovation results summary, productivity the driving fuel new products, will through markets growing over investments results. more new investments Greg the go our In and opportunities the intensely implications will later. new to remains make focused law accelerating for you Greg growth, and With
