Boeing's IDS Will Outsell Boeing
Commercial in 2003
Boeing's Integrated Defense & Space (IDS) sector will outsell
Boeing Commercial Airplanes in 2003, according to current projections,
IDS CEO Jim Albaugh said here Monday. IDS sales of $27 billion
will be 54 % of total company earnings-due both to IDS growth
and the crisis in commercial aviation. That relationship is not
likely to change: while the commercial division expects steady
single-digit traffic growth, Albaugh says that "if we execute
on the programs we have won, we can continue to grow at a compound
rate of 10 % a year." Albaugh also disclosed that Boeing
will have $3.2 billion in intelligence business in 2003, a sector
where the company was almost entirely unrepresented a few years
ago.
