Boeing (BA) risk factors, FY2024 10-K

Risks Related to Our Business and Operations

1. 01We depend heavily on commercial airlines, subjecting us to unique risks
2. 02achieve planned production rate targets, successfully develop and certify new aircraft or new derivative aircraft, and meet or exceed stringent performance and reliability standards
3. 03Our ability to deliver products and services that satisfy customer requirements is heavily dependent on the performance and financial stability of our subcontractors and suppliers, as well as on the availability of highly skilled labor, raw materials and other components
4. 04We derive a significant portion of our revenues from non-U.S. sales and are subject to the risks of doing business in other countries
5. 05We use estimates and make assumptions in accounting for contracts and programs. Changes in our estimates and/or assumptions could adversely affect our future financial results
6. 06Our pending acquisition of Spirit AeroSystems Holdings, Inc. (Spirit) subjects us to various risks and uncertainties, including risks that we may not complete the acquisition or realize the anticipated benefits in the expected timeframe or at all
7. 07We may not realize the anticipated benefits of mergers, acquisitions, joint ventures/strategic alliances or divestitures

Risks Related to Our Contracts

1. 08We conduct a significant portion of our business pursuant to U.S. government contracts, which are subject to unique risks
2. 09We enter into fixed-price contracts, which could subject us to losses if we have cost overruns
3. 10We enter into cost-type contracts, which also carry risks
4. 11We enter into contracts that include in-orbit incentive payments that subject us to risks

Risks Related to Technology, Security and Business Disruptions

1. 12Managing a complex, global IT infrastructure exposes us to a variety of risks that could negatively impact our business
2. 13Compromised or unauthorized access of our, our customers’ and/or our suppliers’ systems or data could negatively impact our business
3. 14Business disruptions could seriously affect our future sales and financial condition or increase our costs and expenses

Risks Related to Legal and Regulatory Matters

1. 15The outcome of litigation and of government inquiries and investigations involving our business is unpredictable, and an adverse decision in any such matter could have a material effect on our financial position and results of operations
2. 16Our operations expose us to the risk of material environmental liabilities
3. 17We may be adversely affected by global climate change or by legal, regulatory or market responses to such change
4. 18waste requirements may drive increased costs to us and our suppliers and impact our production continuity and data facilities

Risks Related to Financing and Liquidity

1. 19We may be unable to effectively manage our liquidity, which could adversely affect our business, financial position and results of operations
2. 20Substantial pension and other postretirement benefit obligations have a material impact on our earnings, shareholders’ equity and cash flows from operations, and could have significant adverse impacts in future periods
3. 21Our insurance coverage may be inadequate to cover all significant risk exposures
4. 22A significant portion of our customer financing portfolio is concentrated among certain customers and in certain types of Boeing aircraft, which exposes us to concentration risks
5. 23The issuance of common stock upon the closing of the Spirit acquisition and upon conversion of our Mandatory convertible preferred stock, and the possibility of the sale or issuance of our common stock in the future, could cause dilution to the interests of our existing shareholders
6. 24Our common stock ranks junior to the Mandatory convertible preferred stock with respect to dividends and amounts payable in the event of our liquidation, dissolution or winding-up of our affairs