HIGHBuilt-inGeographic
60%
non-U.S. BCA revenue
“10-K Item 1A: 'non-U.S. customers...60% of Commercial Airplanes revenue from customer contracts'”
BA · Concentration risk · 10-K extracted
Boeing Company (The) (BA) concentration risks
Updated
The most significant concentration Boeing Company (The) discloses is non-U.S. BCA revenue at 60%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security. Our sole compensation is subscription revenue.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Source: Boeing Company (The)’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 5 disclosed concentrations
HIGH2
MEDIUM3
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHOutside partySupplier
sole-source components
“10-K Item 1: 'Many major components and product equipment items are procured or subcontracted on a sole-source basis'”
MEDIUMBuilt-inGeographic
46%
non-U.S. customers
“10-K Item 1A: 'non-U.S. customers...accounted for 46% of our total revenues and 60% of Commercial Airplanes revenue from customer contracts'”
MEDIUMOutside partyCustomer
commercial airlines
“10-K Item 1A: 'We derive a significant portion of our revenues from a limited number of commercial airlines'”
MEDIUMBuilt-in & outside partyCustomer
U.S. government
“10-K Item 1A: 'We derive a substantial portion of our revenue from the U.S. government, primarily from defense related programs with the United States Department of War (DoW)'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's disclosed concentration profile is multi-dimensional, combining geographic, supplier, and customer exposures across its commercial and defense segments. On the geographic side, non-U.S. customers accounted for 46% of total revenues and 60% of Commercial Airplanes revenue from customer contracts — a moderate-share exposure at the total company level but a high-share concentration within the commercial aircraft segment. The character of both is structural: the global addressable market for large commercial jets is inherently international, so non-U.S. revenue reflects market geography rather than a discretionary allocation. The supply chain carries a separate high-share dependency: many major components and product equipment items are procured or subcontracted on a sole-source basis. For an aerospace manufacturer where components are deeply integrated into certified designs, sole-source relationships are structurally embedded — redesigning around an alternative supplier requires regulatory re-certification and significant lead time. A disruption at any sole-source supplier could affect production rates for programs where no qualified alternative exists. On the customer side, a significant but unquantified portion of revenue flows from a limited number of commercial airlines — a moderate-share dependency — and a substantial but unquantified portion from the U.S. government, primarily through defense programs, also a moderate-share exposure with a mixed character. Together the profile describes a business with high geographic sales diversity, meaningful supplier concentration risk, and demand that is split between a small number of large commercial airline customers and the U.S. defense budget.
For the engine’s reasoning on BA’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Aerospace & Defense
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| BA● | Boeing Company (The) | 2 | 3 | 0 | 5 |
| AVAV | AeroVironment, Inc. | 1 | 1 | 2 | 4 |
| ACHR | Archer Aviation Inc. | 1 | 0 | 0 | 1 |
| AXON | Axon Enterprise, Inc. | 0 | 2 | 0 | 2 |
| AIR | AAR Corp. | 0 | 0 | 1 | 1 |
| ATRO | Astronics Corporation | 0 | 0 | 1 | 1 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.