Aviation

Boeing reports a record $ 2 billion in online sales of aircraft parts

Boeing’s record online orders for parts in 2021 were driven by investment in digital tools. (Boeing)

Boeing has reached an annual record for sales of aircraft parts in e-commerce in 2021, the company said Monday.

According to a February 14 press release, Boeing Distribution Inc. sold about 70,000 aircraft parts and products to commercial and government operators, up more than $ 2 billion in online orders last year. Boeing Distribution Inc.’s total online revenue included more than $ 1.5 billion in commercial orders.

Ted Colbert, president and CEO of Boeing Global Services, issued a statement on e-commerce records for Boeing of the Singapore Air Show, calling the company’s $ 2 billion e-commerce last year “a great stone as the market moves towards a more stable recovery”.

“Customer success stories are a great indicator! Their stories are backed up by encouraging evidence that the airline industry is steadily recovering. In 2021, Boeing customers purchased 70,000 parts online for more than $ 2 billion, more than before the pandemic. With each update to our e-commerce site, customers have continued to choose this path, moving to seamless execution of details, ”Colbert said in a February 14 statement posted on his Linkedin page.

Boeing first began operations for its Boeing Global Services division as the third largest business unit in June 2017 with a focus on four major areas, including supply chain management; mechanical engineering; aircraft modification; digital analytics and training; and professional services. The Texas-based Global Services Division was formed through public, space and commercial services into a single, customer-focused business.

Last month, Boeing CFO Brian West said that in the fourth quarter of 2021, the company’s revenue grew by $ 4.3 billion in the fourth quarter, up 15% from the same period in 2020.

“We received $ 6 billion in orders for the quarter, leaving BGS $ 20 billion behind. We also delivered the 50th refurbished cargo ship 767-300 and announced plans to add 10 new refurbished cargo lines. Our service business showed great resilience, thanks in part to a balance of both defense and commercial offerings, ”West said.

West told investors that in 2022, Boeing expects “stable growth” of its services business as “the commercial market continues to improve.”

Updated website of Boeing Distribution Inc. now includes more than 500,000 parts and components for aircraft and recorded five million customer visits to 50 different countries last year. William Ampafo, vice president of parts, distribution and supply chain services at Boeing Global Services, links the growth of their e-commerce to “launching new digital tools, we create a more streamlined process for our customers by changing strategy, program and product line management with supply chains and customer support. ”

In September, Boeing released its latest forecast for aviation services, forecasting a $ 3.2 trillion market with $ 1.7 trillion in commercial, business and general aviation services and $ 1.5 trillion in government services by 2030.

https://www.aviationtoday.com/2022/02/14/boeing-reports-record-2-billion-online-sales-aircraft-parts/ Boeing reports a record $ 2 billion in online sales of aircraft parts

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