HOME

TheInfoList




The Boeing Company () is an American
multinational corporation A multinational company (MNC) is a corporate A corporation is an organization—usually a group of people or a company A company, abbreviated as co., is a Legal personality, legal entity representing an association of people, whether Nat ...
that designs, manufactures, and sells
airplane An airplane or aeroplane (informally plane) is a fixed-wing aircraft A fixed-wing aircraft is a heavier-than-air flying machine Early flying machines include all forms of aircraft studied or constructed before the development of th ...

airplane
s,
rotorcraft A rotorcraft or rotary-wing aircraft is a heavier-than-air aircraft An aircraft is a vehicle or machine that is able to fly Flies are insect Insects or Insecta (from Latin Latin (, or , ) is a classical language belonging to ...
,
rocket A rocket (from it, rocchetto, , bobbin/spool) is a spacecraft File:Space Shuttle Columbia launching.jpg, 275px, The US Space Shuttle flew 135 times from 1981 to 2011, supporting Spacelab, ''Mir'', the Hubble Space Telescope, and the ISS. ( ...

rocket
s,
satellite alt=, A full-size model of the Earth observation satellite ERS 2 ">ERS_2.html" ;"title="Earth observation satellite ERS 2">Earth observation satellite ERS 2 In the context of spaceflight, a satellite is an object that has been intentionally ...

satellite
s,
telecommunications equipment Telecommunications equipment (also telecoms equipment or communications equipment) is a hardware which is used for the purposes of telecommunication Telecommunication is the transmission of information by various types of technologies over wire ...
, and
missile In military terminology, a missile is a missile guidance, guided airborne ranged weapon capable of self-propelled flight usually by a jet engine or rocket motor. Missiles are thus also called guided missiles or guided rockets (when in rocket f ...
s worldwide. The company also provides leasing and product support services. Boeing is among the largest global
aerospace manufacturer Aerospace is a term used to collectively refer to the atmosphere An atmosphere (from the greek words ἀτμός ''(atmos)'', meaning 'vapour', and σφαῖρα ''(sphaira)'', meaning 'ball' or 'sphere') is a layer or a set of layers of g ...
s; it is the second-largest
defense contractor The arms industry, also known as the arms trade, is a global industry classification, industry which manufacturing, manufactures and sells weapons and military technology, and is a major component of the military–industrial complex. It consists ...
in the world based on 2018 revenue,"Top 100 for 2019"
(based on 2018 data). ''
Defense News ''Defense News'' is a website and newspaper about politics, business, and technology of defense. ''Defense News'' serves an audience of senior military, government, and industry decision-makers throughout the world. ''Defense News'' is published ...
''. Retrieved 30 January 2020.
and is the largest exporter in the United States by dollar value. Boeing stock is included in the
Dow Jones Industrial Average The Dow Jones Industrial Average (DJIA), Dow Jones, or simply the Dow (), is a price-weighted measurement stock market index In finance, a stock index, or stock market index, is an Index (economics), index that measures a stock market, or a ...

Dow Jones Industrial Average
. Boeing is incorporated in Delaware. Boeing was founded by
William Boeing William Edward Boeing (; October 1, 1881 – September 28, 1956) was an American aviation Aviation is the activities surrounding mechanical flight Flight or flying is the process by which an object (physics), object motion (physics), mo ...

William Boeing
in
Seattle Seattle ( ) is a port, seaport city on the West Coast of the United States. It is the county seat, seat of King County, Washington, King County, Washington (state), Washington. With a 2020 population of 737,015, it is the largest city in bo ...

Seattle
,
Washington Washington commonly refers to: * Washington (state), United States * Washington, D.C., the capital of the United States ** Federal government of the United States (metonym) ** Washington metropolitan area, the metropolitan area centered on Washingt ...
on July 15, 1916. The present corporation is the result of the merger of Boeing with
McDonnell Douglas McDonnell Douglas was a major American American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the United States The United States of America (USA), commonly known as the U ...
on August 1, 1997. Then chairman and CEO of Boeing, Philip M. Condit, assumed those roles in the combined company, while
Harry Stonecipher Harry C. Stonecipher (born May 16, 1936) is a former president and chief executive officer of American aerospace companies McDonnell Douglas and, later, Boeing, The Boeing Company. Stonecipher was widely credited with the seeming resurgence of Boei ...
, former CEO of McDonnell Douglas, became president and COO. The Boeing Company has its corporate headquarters in
Chicago (''City in a Garden''); I Will , image_map = , map_caption = Interactive map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = Country , subdivision_name ...

Chicago
,
Illinois Illinois ( ) is a in the region of the . Of the fifty U.S. states, it has the , population, and the . is the state's largest city and the fifth with the capital in , located in the center of the state; other major metropolitan areas in ...

Illinois
.Contact Us
". ''Boeing''. Retrieved on May 12, 2009.
Boeing is organized into four primary divisions:
Boeing Commercial Airplanes Boeing Commercial Airplanes (BCA) is a division (business), division of Boeing, the Boeing Company. It Aircraft design process, designs, assembles, markets, and sells jet airliners and business jets (Boeing Business Jets), and also provides produ ...
(BCA);
Boeing Defense, Space & Security Boeing Defense, Space & Security (BDS) is a division (business unit) of Boeing, The Boeing Company based in Arlington, Virginia. It is responsible for Arms industry, defense and aerospace products and services. It was formerly known as Boeing Inte ...
(BDS); Boeing Global Services; and
Boeing Capital Boeing Capital is a subsidiary of The Boeing Company, providing asset-based leasing and lending services. Boeing Capital is made up of two divisions, Aircraft Financial Services and Space & Defense Financial Services. It operates as a support un ...
. In 2019, Boeing recorded 76.6 billion in sales. Boeing is ranked 40th on the ''
Fortune Fortune may refer to: General * Fortuna or Fortune, the Roman goddess of luck * Luck, a chance happening, or that which happens beyond a person's controls * Wealth, an abundance of items of economic value * Fortune, a prediction made in fortune-te ...
'' magazine "Fortune 500" list (2019), and ranked 121th on the "
Fortune Global 500 The ''Fortune'' Global 500, also known as Global 500, is an annual ranking of the top 500 corporations worldwide as measured by revenue. The list is compiled and published annually by ''Fortune (magazine), Fortune'' magazine. Methodology Until ...
" list (2020). In 2019, Boeing's global reputation, commercial business, and financial rating suffered after the worldwide following two fatal crashes in and early 2019.


History

The Boeing Company was started in 1916, when American lumber industrialist founded Aero Products Company in Seattle, Washington. Shortly before doing so, he and Conrad Westervelt created the "B&W" seaplane. In 1917, the organization was renamed Boeing Airplane Company, with William Boeing forming Boeing Airplane & Transport Corporation in 1928. In 1929, the company was renamed
United Aircraft and Transport Corporation The United Aircraft and Transport Corporation was formed in 1929, when William Boeing of Boeing Airplane & Transport Corporation teamed up with Frederick Rentschler of Pratt & Whitney to form a large, vertically-integrated, amalgamated Amalgamat ...
, followed by the acquisition of several aircraft makers such as Avion, Chance Vought, Sikorsky Aviation, Stearman Aircraft,
Pratt & Whitney Pratt & Whitney is an American aerospace manufacturer An aerospace manufacturer is a company or individual involved in the various aspects of Aircraft design process, designing, building, testing, selling, and maintaining aircraft, aircraft pa ...
, and Hamilton Metalplane. In 1931, the group merged its four smaller airlines into
United Airlines United Airlines, Inc. (commonly referred to as United) is a major American airline headquartered in Willis Tower The Willis Tower (formerly known as and commonly referred to as the Sears Tower) is a 108-story Story or stories may refer t ...

United Airlines
. In 1934, the manufacture of aircraft was required to be separate from air transportation. Therefore, Boeing Airplane Company became one of three major groups to arise from dissolution of United Aircraft and Transport; the other two entities were
United Aircraft The United Aircraft Corporation was an American aircraft manufacturer An aircraft is a vehicle that is able to fly by gaining support from the air. It counters the force of gravity by using either static lift or by using the dynamic lif ...
(later
United Technologies United Technologies Corporation (UTC) was an American multinational conglomerate headquartered in Farmington, Connecticut. It merged with the Raytheon Company The Raytheon Company was a major List of United States defense contractors, ...
) and United Airlines. In 1960, the company bought
Vertol Aircraft Corporation Piasecki Helicopter Corporation was a designer and manufacturer of helicopters located in Philadelphia and nearby Morton, Pennsylvania, in the late 1940s and the 1950s. Its founder, Frank Piasecki, was ousted from the company in 1956 and starte ...
, which at the time, was the biggest independent fabricator of
helicopter A helicopter is a type of rotorcraft in which Lift (force), lift and thrust are supplied by horizontally spinning Helicopter rotor, rotors. This allows the helicopter to VTOL, take off and land vertically, to hover (helicopter), hover, and to ...

helicopter
s. During the 1960s and 1970s, the company diversified into industries such as outer space travel, marine craft, agriculture, energy production and transit systems. In 1995, Boeing partnered with Russian, Ukrainian and Anglo-Norwegian organizations to create
Sea Launch Sea Launch is a multinational spacecraft launch company founded in 1995 that provided orbital launch services from 1999–2014. The company used a mobile maritime launch platform for equator The Earth's equator is an imaginary planet ...
, a company providing commercial launch services sending satellites to geostationary orbit from floating platforms. In 2000, Boeing acquired the satellite segment of
Hughes Electronics Hughes Electronics Corporation was formed in 1985 when Hughes Aircraft The Hughes Aircraft Company was a major American aerospace Aerospace is a term used to collectively refer to the atmosphere and outer space. Aerospace activity is very diver ...

Hughes Electronics
. In December 1996, Boeing announced its intention to merge with
McDonnell Douglas McDonnell Douglas was a major American American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the United States The United States of America (USA), commonly known as the U ...
and, following regulatory approval, this was completed on August 4, 1997. This had been delayed by objections from the
European Commission The European Commission (EC) is the executive branch The executive is the branch of government exercising authority in and holding Moral responsibility, responsibility for the governance of a State (polity), state. The executive executes a ...

European Commission
, which ultimately placed 3 conditions on the merger: termination of exclusivity agreements with 3 US airlines, separate accounts would be maintained for the McDonnell-Douglas civil aircraft business, and some defense patents were to be made available to competitors. The corporate headquarters were moved from Seattle to Chicago in 2001. In 2018, Boeing opened its first factory in Europe at
Sheffield Sheffield is a and in , England. The name derives from the which runs through the city. It is a part of , although some southern suburbs have been annexed from . It is situated east of , south of and north of . It is the largest settlement ...

Sheffield
, UK reinforced by research partnership with
The University of Sheffield , mottoeng = To discover the causes of things , established = – University of SheffieldPredecessor institutions: – Sheffield Medical School – Firth College – Sheffield Technical School – University College of Sheffield , ty ...
. In May 2020, the company cut over 12,000 jobs due to the drop in air travel during the
COVID-19 pandemic The COVID-19 pandemic is an ongoing global pandemic A pandemic (from Greek#REDIRECT Greek Greek may refer to: Greece Anything of, from, or related to Greece Greece ( el, Ελλάδα, , ), officially the Hellenic Republic, is a c ...

COVID-19 pandemic
with plans for a total 10% cut of its workforce or approximately 16,000 positions. In July 2020, Boeing reported a loss of $2.4 billion as a result of the pandemic and the grounding of its 737 MAX aircraft. As a result of the profit loss, the company announced that it is planning to do more job and production cuts. On August 18, 2020, CEO Dave Calhoun announced to Boeing employees that the company plans another round of job cuts in addition to the 16,000 positions previously announced to be eliminated. On October 28, 2020, Boeing CEO David Calhoun, in an email message to employees, announced the lay off nearly 30,000 employees, as the airplane manufacturer was increasingly losing money due to the COVID-19 pandemic. The
Boeing 777X The Boeing 777X is the latest series of the , , family from . The 777X features new engines, new wings with tips, greater cabin width and seating capacity, and technologies from the . The 777X was launched in November 2013 with two variant ...
, the largest capacity twinjet, made its maiden flight on January 25, 2020, and should enter service in 2023.


737 MAX crashes and grounding

After two fatal crashes of the
Boeing 737 MAX The Boeing 737 MAX is the fourth generation of Boeing 737 The Boeing 737 is a produced by at its in . Developed to supplement the on short and thin routes, the retains the fuselage cross-section and nose with two underwing s. Env ...
narrow-body passenger airplanes in 2018 and 2019, aviation regulators and airlines around the world airliners. A total of 387 aircraft were grounded. Boeing's reputation, business, and financial rating has suffered after these groundings, questioning Boeing's strategy, governance, and focus on profits and cost efficiency.


Divisions

The corporation's three main divisions are Boeing Commercial Airplanes (BCA), Boeing Defense, Space & Security (BDS), and Boeing Global Services. *
Boeing Commercial Airplanes Boeing Commercial Airplanes (BCA) is a division (business), division of Boeing, the Boeing Company. It Aircraft design process, designs, assembles, markets, and sells jet airliners and business jets (Boeing Business Jets), and also provides produ ...
(BCA) *
Boeing Defense, Space & Security Boeing Defense, Space & Security (BDS) is a division (business unit) of Boeing, The Boeing Company based in Arlington, Virginia. It is responsible for Arms industry, defense and aerospace products and services. It was formerly known as Boeing Inte ...
(BDS) ** Phantom Works * Boeing Global Services *
Boeing Capital Boeing Capital is a subsidiary of The Boeing Company, providing asset-based leasing and lending services. Boeing Capital is made up of two divisions, Aircraft Financial Services and Space & Defense Financial Services. It operates as a support un ...
* Engineering, Test & Technology * Boeing Shared Services Group * Boeing NeXt – explores
urban air mobility Urban air mobility refers to urban transportation systems that move people by air. These transportation systems developed in response to traffic congestion. History Air mobility is progressing along both manned and unmanned directions. In Hambur ...


Environmental record

In 2006, the
UCLA The University of California, Los Angeles (UCLA) is a public university, public Land-grant university, land-grant research university in Los Angeles, California. UCLA’s academic roots were established in 1882 as a teachers college then known ...
Center for Environmental Risk Reduction released a study showing that Boeing's
Santa Susana Field Laboratory The Santa Susana Field Laboratory is a complex of industrial research and development facilities located on a portion of the Southern California Simi Hills in Simi Valley, California. It was used mainly for the development and testing of Liquid-p ...
, a site that was a former Rocketdyne test and development site in the
Simi Hills The Simi Hills are a low rocky mountain range A mountain range is a series of mountains ranged in a line and connected by high ground. A mountain system or mountain belt is a group of mountain ranges with similarity in form, structure, and alig ...

Simi Hills
of eastern
Ventura County Ventura County is a county A county is a geographical region of a country used for administrative or other purposesChambers Dictionary, L. Brookes (ed.), 2005, Chambers Harrap Publishers Ltd, Edinburgh in certain modern nations. The term i ...
in
Southern California Southern California (sometimes known as SoCal; es, Sur de California) is a geographic and cultural region that generally comprises the southern portion of the U.S. state of California California is a U.S. state, state in the Western Unite ...

Southern California
, had been contaminated by Rocketdyne with
toxic Toxicity is the degree to which a chemical substance or a particular mixture of substances can damage an organism In biology, an organism (from Ancient Greek, Greek: ὀργανισμός, ''organismos'') is any individual contiguous s ...

toxic
and
radioactive waste Radioactive waste is a type of hazardous waste Hazardous waste is waste Waste (or wastes) are unwanted or unusable materials. Waste is any substance which is discarded after primary use, or is worthless, defective and of no use. A by-pro ...
. Boeing agreed to a cleanup agreement with the EPA in 2017. Clean up studies and lawsuits are in progress.


Jet biofuels

The airline industry is responsible for about 11% of
greenhouse gas A greenhouse gas (GHG or GhG) is a gas Gas is one of the four fundamental states of matter (the others being solid, liquid A liquid is a nearly incompressible fluid In physics, a fluid is a substance that continually Deformat ...
es emitted by the U.S. transportation sector. Aviation's share of the greenhouse gas emissions was poised to grow, as air travel increases and ground vehicles use more alternative fuels like ethanol and biodiesel. Boeing estimates that biofuels could reduce flight-related greenhouse-gas emissions by 60 to 80%. The solution blends algae fuels with existing
jet fuel Jet fuel or aviation turbine fuel (ATF, also abbreviated avtur) is a type of aviation fuel Aviation fuels are -based s, or petroleum and synthetic fuel blends, used to power . They have more stringent requirements than fuels used for ground use ...
. Boeing executives said the company was collaborating with Brazilian biofuels maker
Tecbio Jet fuel or aviation turbine fuel (ATF, also abbreviated avtur) is a type of designed for use in powered by . It is colorless to straw-colored in appearance. The most commonly used fuels for commercial aviation are Jet A and Jet A-1, which are p ...
, Aquaflow Bionomic of New Zealand, and other fuel developers around the world. As of 2007, Boeing had tested six fuels from these companies, and expected to test 20 fuels "by the time we're done evaluating them". Boeing also joined other aviation-related members in the Algal Biomass Organization (ABO) in June 2008.
Air New Zealand Air New Zealand Limited is the flag carrier airline of New Zealand. Based in Auckland, the airline operates scheduled passenger flights to 20 domestic and 32 international destinations in 20 countries, primarily around and within the Pacific Rim ...

Air New Zealand
and Boeing are researching the
jatropha ''Jatropha'' is a genus Genus (plural genera) is a taxonomic rank Taxonomy (general) is the practice and science of classification of things or concepts, including the principles that underlie such classification. The term may also refer t ...

jatropha
plant to see if it is a sustainable alternative to conventional fuel. A two-hour test flight using a 50–50 mixture of the new biofuel with
Jet A-1 Jet fuel or aviation turbine fuel (ATF, also abbreviated avtur) is a type of aviation fuel designed for use in aircraft powered by Gas turbine, gas-turbine engines. It is colorless to straw-colored in appearance. The most commonly used fuels for co ...
in a Rolls Royce RB-211 engine of a 747-400 was completed on December 30, 2008. The engine was then removed to be studied to identify any differences between the Jatropha blend and regular Jet A1. No effects on performances were found. On August 31, 2010, Boeing worked with the U.S. Air Force to test the
Boeing C-17 The McDonnell Douglas/Boeing C-17 Globemaster III is a large that was developed for the (USAF) from the 1980s to the early 1990s by . The C-17 carries forward the name of two previous piston-engined military cargo aircraft, the and the . Th ...

Boeing C-17
running on 50% JP-8, 25% Hydro-treated Renewable Jet fuel and 25% of a Fischer–Tropsch fuel with successful results.


Electric propulsion

For NASA's N+3 future airliner program, Boeing has determined that
hybrid electric File:Pioneer Valley Transit Authority University of Massachusetts Transit New Flyer Xcelsior articulated bus.jpg, 260px, A New Flyer New Flyer Xcelsior, XDE60 Xcelsior articulated bus, articulated hybrid-electric bus operated by UMass Transit A h ...
engine technology is by far the best choice for its subsonic design. Hybrid electric propulsion has the potential to shorten takeoff distance and reduce noise. Boeing created a team to study electric propulsion in future generation of subsonic commercial aircraft. SUGAR for Subsonic Ultra Green Aircraft Research includes, BR&T, Boeing Commercial Airplanes, General Electric, and Georgia Tech. There are five main concepts of the team is reviewing. SUGAR Free and Refined SUGAR, are two concepts based on conventional aircraft similar to the 737. SUGAR High and SUGAR Volt, are both high span, strut-based wing concepts. The final concept is SUGAR Ray, which is a wing body hybrid. The SUGAR Volt concept has resulted in a drop in fuel burn of more than 70 percent and a reduction of total energy use by 55 percent. This reduction is the result of adding an electric battery gas turbine hybrid propulsion system.


Political contributions, federal contracts, advocacy

In 2008 and 2009, Boeing was second on the list of
Top 100 US Federal Contractors The Top 100 Contractors Report is a list developed annually by the U.S. General Services Administration as part of its tracking of U.S. federal government procurement. In fiscal year 2005, the federal government aimed to source 23% of all subcon ...
, with contracts totaling 22 billion and 23 billion respectively. Since 1995, the company has agreed to pay 1.6 billion to settle 39 instances of misconduct, including 615 million in 2006 in relation to illegal hiring of government officials and improper use of proprietary information. Boeing secured the highest ever
tax break Tax break also known as tax preferences, tax concession, and tax relief. Tax breaks are a method of reduction the tax liability of taxpayers. Government usually applies them to stimulate the economy and increase the solvency of the population. By th ...
s at the state level in 2013. Boeing's spent 16.9 million on lobbying expenditures in 2009. In the
2008 presidential election2008 presidential election may refer to: * 2008 Armenian presidential election * 2008 Azerbaijani presidential election * 2008 People's Republic of China presidential election * 2008 Cypriot presidential election * 2008 Czech presidential election * ...
,
Barack Obama Barack Hussein Obama II ( ; born August 4, 1961) is an American politician and attorney who served as the 44th president of the United States The president of the United States (POTUS) is the head of state and head of government ...

Barack Obama
"was by far the biggest recipient of campaign contributions from Boeing employees and executives, hauling in 197,000 – five times as much as
John McCain John Sidney McCain III (August 29, 1936 – August 25, 2018) was an American politician, statesman, and United States Navy officer who served as a United States Senator for Arizona from 1987 until his death in 2018. He previously served ...

John McCain
, and more than the top eight Republicans combined".Carney, Timothy (April 24, 2011
Boeing lives by big government, dies by big government
, ''
Washington Examiner The ''Washington Examiner'' is an American conservative news website and weekly magazine based in Washington, D.C. It is owned by MediaDC, a subsidiary of Clarity Media Group, which is owned by Philip Anschutz. From 2005 to mid-2013, the ''Examin ...
''
Boeing has a
corporate citizenship Corporate social responsibility (CSR) is a type of international private business self-regulation that aims to contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in or supporting volunteering or ethically- ...
program centered on charitable contributions in five areas:
education Education is the process of facilitating learning, or the acquisition of knowledge, skills, value (ethics), values, morals, beliefs, habits, and personal development. Educational methods include teaching, training, storytelling, discussion ...

education
,
health Health, according to the , is "a state of complete physical, and social and not merely the absence of and ".. (2006)''Constitution of the World Health Organization''– ''Basic Documents'', Forty-fifth edition, Supplement, October 2006. A var ...

health
,
human services Human services is an interdisciplinary field of study with the objective of meeting human needs through an applied knowledge base, focusing on prevention as well as remediation of problems, and maintaining a commitment to improving the overall qual ...
,
environment Environment most often refers to: __NOTOC__ * Natural environment, all living and non-living things occurring naturally * Biophysical environment, the physical and biological factors along with their chemical interactions that affect an organism or ...

environment
,
the arts The arts refers to the theory, human application and physical expression of creativity Creativity is a phenomenon whereby something somehow new and somehow valuable is formed. The created item may be intangible (such as an idea, a scienti ...
,
culture Culture () is an umbrella term which encompasses the social behavior Social behavior is behavior among two or more organisms within the same species, and encompasses any behavior in which one member affects the other. This is due to an int ...

culture
, and
civic engagement Civic engagement or civic participation is any individual or group activity addressing issues of public concern. Civic engagement includes communities working together or individuals working alone in both political and non-political actions to ...
. In 2011, Boeing spent 147.3 million in these areas through charitable grants and . In February 2012, Boeing Global Corporate Citizenship partnered with the Insight Labs to develop a new model for foundations to more effectively lead the sectors they serve. The company is a member of the U.S. Global Leadership Coalition, a Washington D.C.-based coalition of more than 400 major companies and NGOs that advocate a larger International Affairs Budget, which funds American diplomatic and development efforts abroad. A series of U.S. diplomatic cables show how U.S. diplomats and senior politicians intervene on behalf of Boeing to help boost the company's sales. In 2007 and 2008, the company benefited from over 10 billion of long-term loan guarantees, helping finance the purchase of their commercial aircraft in countries including Brazil, Canada, Ireland, and the United Arab Emirates, from the Export-Import Bank of the United States, some 65% of the total loan guarantees the bank made in the period.


Criticism

In December 2011, the non-partisan organization
Public Campaign Every Voice is an United States, American nonprofit, progressive liberal political advocacy organization.
criticized Boeing for spending 52.29 million on
lobbying In politics Politics (from , ) is the set of activities that are associated with making decisions in groups, or other forms of power relations between individuals, such as the distribution of resources or status. The branch of socia ...

lobbying
and not paying taxes during 2008–2010, instead getting 178 million in tax rebates, despite making a profit of 9.7 billion, laying off 14,862 workers since 2008, and increasing executive pay by 31% to 41.9 million in 2010 for its top five executives. The firm has also been criticized for supplying and profiting from wars, including the war in Yemen where its missiles were found to be used for indiscriminate attacks, killing many civilians. Boeing has been accused of unethical practices (in violation of the Procurement Integrity Act) while attempting to submit a revised bid to NASA for lunar landing project.


Financials

For the fiscal year 2017, Boeing reported earnings of 8.191billion, with an annual revenue of 93.392billion, a 1.25% decline over the previous fiscal cycle. Boeing's shares traded at over $209 per share, and its market capitalization was valued at over 206.6billion. Between 2010 and 2018, Boeing increased its operating
cash flow A cash flow is a real or virtual movement of money Image:National-Debt-Gillray.jpeg, In a 1786 James Gillray caricature, the plentiful money bags handed to King George III are contrasted with the beggar whose legs and arms were amputated, in ...
from $3 to $15.3billion, sustaining its
share Share may refer to: * Share, to make joint use of a resource (such as food, money, or space); see Sharing * Share (finance), a stock or other financial security (such as a mutual fund) * Share, Kwara, a town and LGA in Kwara State, Nigeria Share ma ...
price, by negotiating
advance paymentAn advance payment, or simply an advance, is the part of a contractually due sum that is paid or received in advance for goods or services, while the Balance (accounting), balance included in the invoice will only follow the delivery. Advance payment ...
s from customers and delaying payments to its suppliers. This strategy is sustainable only as long as orders are good and delivery rates are increasing. From 2013 to 2019, Boeing spent over $60 billion on dividends and stock buybacks, twice as much as the development costs of the 787.


Employment numbers

The company's employment totals are listed below. Approximately 1.5% of Boeing employees are in the Technical Fellowship program, a program through which Boeing's top engineers and scientists set technical direction for the company. The average salary at Boeing is $76,784, reported by former employees.


Corporate governance


Board of directors

* Akhil Johri * Robert A. Bradway * David L. Calhoun (president and CEO)Boeing Board of Directors
/ref> * Arthur D. Collins, Jr. * Admiral , Jr., U.S. Navy (ret) * Lynn J. Good * Lawrence W. Kellner (chairman) *
Caroline Kennedy Caroline Bouvier Kennedy (born November 27, 1957) is an American author, attorney, and diplomat A diplomat (from grc, δίπλωμα; romanized Romanization or romanisation, in linguistics Linguistics is the science, scientific stud ...

Caroline Kennedy
* Edward M. Liddy * Steven M. Mollenkopf * Susan C. Schwab * Ronald A. Williams * Mike S. Zafirovski


Chief executive officer


Chairman of the board


President

Notes * Boeing Board of Directors Separates CEO and Chairman Roles
. Boeing


See also

*
Airbus Airbus SE (; ; ; ) is a European multinational Multinational may refer to: * Multinational corporation, a corporate organization operating in multiple countries * Multinational force, a military body from multiple countries * Multinational s ...
*
Embraer Embraer S.A. () is a Brazil Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both and . At 8.5 million square kilometers (3.2 million square miles) and with over 211 ...
*
Comac The Commercial Aircraft Corporation of China, Ltd. (COMAC, ) is a established on 11 May 2008 in . The headquarters are in , Shanghai. The company has a registered capital of 19 billion ( as of May 2008). The corporation is a designer and const ...
*
United Aircraft Corporation , former_name = OJSC United Aircraft Corporation (2006–2015) , type = Public In public relations and communication science, publics are groups of individual people, and the public (a.k.a. the general public) is the totality of such gro ...
*
Competition between Airbus and Boeing The competition between Airbus and Boeing has been characterised as a duopoly in the large jet airliner market since the 1990s. This resulted from a series of mergers within the global aerospace industry, with Airbus beginning as a European con ...
* Future of Flight Aviation Center & Boeing Tour – Corporate public museum *
United States Air Force Plant 42 United States Air Force Plant 42 is a classified aircraft manufacturing plant owned by the United States Air Force The United States Air Force (USAF) is the Atmosphere of Earth, air military branch, service branch of the United States Arm ...


References


Further reading

* Cloud, Dana L. ''We Are the Union: Democratic Unionism and Dissent at Boeing.'' Urbana, IL: University of Illinois Press, 2011. * Greider, William. ''One World, Ready or Not: The Manic Logic of Global Capitalism''. London: Penguin Press, 1997. * Reed, Polly. ''Capitalist Family Values: Gender, Work, and Corporate Culture at Boeing.'' Lincoln, NE: University of Nebraska Press, 2015.


External links

* * * {{Authority control 1916 establishments in Washington (state) American companies established in 1916 Collier Trophy recipients Companies in the Dow Jones Industrial Average
Companies listed on the New York Stock Exchange Companies whose stock Stock (also capital stock) is all of the shares into which ownership of a corporation A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity ...
Defense companies of the United States History of Seattle Manufacturing companies established in 1916 Multinational companies headquartered in the United States Space Act Agreement companies Technology companies established in 1916 Vehicle manufacturing companies established in 1916 Wind turbine manufacturers