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The Boeing Company () is an American
multinational corporation A multinational company (MNC) is a corporate organization that owns or controls the production of goods or services in at least one country other than its home country. Black's Law Dictionary suggests that a company or group should be considered a ...
that designs, manufactures, and sells
airplane An airplane or aeroplane (informally plane) is a fixed-wing aircraft that is propelled forward by thrust from a jet engine, propeller, or rocket engine. Airplanes come in a variety of sizes, shapes, and wing configurations. The broad spectrum ...

airplane
s,
rotorcraft A rotorcraft or rotary-wing aircraft is a heavier-than-air aircraft with rotary wings or rotor blades, which generate lift by rotating around a vertical mast. Several rotor blades mounted on a single mast are referred to as a rotor. The Internatio ...
,
rocket A rocket (from it, rocchetto, , bobbin/spool) is a projectile that spacecraft, aircraft or other vehicle use to obtain thrust from a rocket engine. Rocket engine exhaust is formed entirely from propellant carried within the rocket. Rocket engines ...
s,
satellite In the context of spaceflight, a satellite is an object that has been intentionally placed into orbit. These objects are called artificial satellites to distinguish them from natural satellites such as Earth's Moon. On 4 October 1957 the Sovi ...
s,
telecommunications equipmentTelecommunications equipment (also telecoms equipment or communications equipment) is a hardware which is used for the purposes of telecommunications. Since the 1990s the boundary between telecoms equipment and IT hardware has become blurred as a res ...
, and
missile In military terminology, a missile, also known as a guided missile or guided rocket, is a guided airborne ranged weapon capable of self-propelled flight usually by a jet engine or rocket motor. Missiles have four system components: targeting/g ...
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 and outer space. Aerospace activity is very diverse, with a multitude of commercial, industrial and military applications. Aerospace engineering consists of aeronautics and astronaut ...
s; it is the second-largest
defense contractor The arms industry, also known as the arms trade, is a global industry which manufactures and sells weapons and military technology, and is a major component of the military–industrial complex. It consists of a commercial industry involved in the ...
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 stock market index that measures the stock performance of 30 large companies listed on stock exchanges in the United States. Although the DJIA is one of the oldest ...
. Boeing is incorporated in Delaware. Boeing was founded by
William Boeing William Edward Boeing (; October 1, 1881 – September 28, 1956) was an American aviation pioneer who founded The Boeing Company in 1916. Early life William Boeing was born in Detroit, Michigan, to Marie M. Ortmann, from Vienna, Austria, and ...

William Boeing
in
Seattle Seattle ( ) is a seaport city on the West Coast of the United States. It is the seat of King County, Washington. Seattle is the largest city in both the state of Washington and the Pacific Northwest region of North America. According to U.S. ...
,
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 The McDonnell Aircraft Corporation was an American aerospace manufacturer based in St. Louis, Missouri. The company was founded on July 6, 1939, by James Smith McDonnell, and was best known for its military fighters, including the F-4 Phantom II, ...
on August 1, 1997. Then chairman and CEO of Boeing, Philip M. Condit, assumed those roles in the combined company, while Harry Stonecipher, 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 maps of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = Country , subdivisio ...

Chicago
,
Illinois Illinois ( ) is a state in the Midwestern region of the United States. It has the fifth largest gross domestic product (GDP), the sixth largest population, and the 25th largest land area of all U.S. states. Illinois has been noted as a micr ...
.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 of the Boeing Company. It designs, assembles, markets, and sells jet airliners and business jets (Boeing Business Jets), and also provides product-related maintenance and training to customers world ...
(BCA);
Boeing Defense, Space & Security Boeing Defense, Space & Security (BDS) is a division (business unit) of The Boeing Company based in Arlington, Virginia. It is responsible for defense and aerospace products and services. It was formerly known as Boeing Integrated Defense Systems ...
(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 unit ...
. 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. Methodology Until 1989, it listed only ...
" list (2020). In 2019, Boeing's global reputation, commercial business, and financial rating suffered after the 737 MAX was grounded 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 firm, unitin ...
, 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 with global service operations. It is a subsidiary of Raytheon Technologies. Pratt & Whitney's aircraft engines are widely used in both civil aviation (especially airlines) and military aviati ...
, 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 at Willis Tower in Chicago, Illinois.
. 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 formed by the break-up of United Aircraft and Transport Corporation in 1934. In 1975, the company became United Technologies. History Pre-1930s 1930s The Air Mail scandal o ...
(later
United Technologies United Technologies Corporation (UTC) was an American multinational conglomerate headquartered in Farmington, Connecticut. It merged with the Raytheon Company in April 2020 to form Raytheon Technologies. It researched, developed, and manufactu ...
) and United Airlines. In 1960, the company bought Vertol Aircraft Corporation, which at the time, was the biggest independent fabricator of
helicopter A helicopter is a type of rotorcraft in which lift and thrust are supplied by horizontally-spinning rotors. This allows the helicopter to take off and land vertically, to hover, and to fly forward, backward and laterally. These attributes allo ...
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 equatorial launches of commercial payloads on specialized Zeni ...
, 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 was sold by the Howard Hughes Medical Institute to General Motors for $5.2 billion. The surviving parts of Hughes Electronics are today known as the DirecTV Group. On June 5, ...

Hughes Electronics
. In December 1996, Boeing announced its intention to merge with
McDonnell Douglas The McDonnell Aircraft Corporation was an American aerospace manufacturer based in St. Louis, Missouri. The company was founded on July 6, 1939, by James Smith McDonnell, and was best known for its military fighters, including the F-4 Phantom II, ...
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 of the European Union, responsible for proposing legislation, implementing decisions, upholding the EU treaties and managing the day-to-day business of the EU. Commissioners swear an oath at t ...

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 city and metropolitan borough in South Yorkshire, England. The name derives from the River Sheaf which runs through the city. Historically part of the West Riding of Yorkshire, with some southern suburbs annexed from Derbyshire, t ...
, 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 , type ...
. 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, also known as the coronavirus pandemic, is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The virus was first identified in Dec ...
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 long-range, wide-body, twin-engine Boeing 777 family from Boeing Commercial Airplanes. The 777X features new GE9X engines, new composite wings with folding wingtips, greater cabin width and seating ca ...
, 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, a narrow-body airliner manufactured by Boeing Commercial Airplanes (BCA). It succeeds the Boeing 737 Next Generation (NG) and competes with the Airbus A320neo family. The 737 MAX is ba ...
narrow-body passenger airplanes in 2018 and 2019, aviation regulators and airlines around the world grounded all 737 MAX 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 of the Boeing Company. It designs, assembles, markets, and sells jet airliners and business jets (Boeing Business Jets), and also provides product-related maintenance and training to customers world ...
(BCA) *
Boeing Defense, Space & Security Boeing Defense, Space & Security (BDS) is a division (business unit) of The Boeing Company based in Arlington, Virginia. It is responsible for defense and aerospace products and services. It was formerly known as Boeing Integrated Defense Systems ...
(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 unit ...
* 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 Hamburg ...


Environmental record

In 2006, the
UCLA The University of California, Los Angeles (UCLA) is a public land-grant research university in Los Angeles, California. UCLA traces its early origins back to 1882 as the southern branch of the California State Normal School (now San Jose State ...
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 of the Transverse Ranges in eastern Ventura County and western Los Angeles County, of southern California, United States. Geography The Simi Hills are aligned east-west and run for , and average around ...

Simi Hills
of eastern
Ventura County Ventura County is a county in the southern part of the U.S. state of California. As of the 2010 census, the population was 823,318. The largest city is Oxnard, and the county seat is the city of Ventura. Ventura County comprises the Oxnard-Thou ...
in
Southern California Southern California (popularly 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. It includes the Los Angeles metropolitan area, the second mos ...

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. Toxicity can refer to the effect on a whole organism, such as an animal, bacterium, or plant, as well as the effect on a substruct ...
and
radioactive waste Radioactive waste is a type of hazardous waste that contains radioactive material. Radioactive waste is a result of many activities, including nuclear medicine, nuclear research, nuclear power generation, rare-earth mining, and nuclear weapons repr ...
. 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 (sometimes abbreviated GHG) is a gas that absorbs and emits radiant energy within the thermal infrared range, causing the greenhouse effect. The primary greenhouse gases in Earth's atmosphere are water vapor (), carbon dioxid ...
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 designed for use in aircraft powered by gas-turbine engines. It is colorless to straw-colored in appearance. The most commonly used fuels for commercial av ...
. Boeing executives said the company was collaborating with Brazilian biofuels maker Tecbio, 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 ...
and Boeing are researching the
jatropha ''Jatropha'' is a genus of flowering plants in the spurge family, Euphorbiaceae. The name is derived from the Greek words ἰατρός (''iatros''), meaning "physician", and τροφή (''trophe''), meaning "nutrition", hence the common name ph ...
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 engines. It is colorless to straw-colored in appearance. The most commonly used fuels for commercial av ...
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 military transport aircraft that was developed for the United States Air Force (USAF) from the 1980s to the early 1990s by McDonnell Douglas. The C-17 carries forward the name of two ...
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 260px, A XDE60 Xcelsior articulated_hybrid-electric_bus_operated_by_UMass_Transit.html" style="text-decoration: none;"class="mw-redirect" title="articulated bus">articulated hybrid-electric bus operated by UMass Transit">articulated bus">articu ...
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 subcontr ...
, 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 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 from 2009 to 2017. A member of the Democratic Party, Obama was the first African-American presi ...

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, values, morals, beliefs, and habits. Educational methods include teaching, training, storytelling, discussion and directed research. Education fr ...
,
health Health is a state of physical, mental and social well-being in which disease and infirmity are absent.World Health Organization. (2006)''Constitution of the World Health Organization''– ''Basic Documents'', Forty-fifth edition, Supplement, Octo ...
,
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,
the arts The arts refers to the theory, human application and physical expression of creativity found in human cultures and societies through skills and imagination in order to produce objects, environments and experiences. Major constituents of th ...
,
culture Culture () is an umbrella term which encompasses the social behavior and norms found in human societies, as well as the knowledge, beliefs, arts, laws, customs, capabilities, and habits of the individuals in these groups.Tylor, Edward. (1871). ...
, 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 p ...
. In 2011, Boeing spent 147.3 million in these areas through charitable grants and business sponsorships. In February 2012, Boeing Global Corporate Citizenship partnered with the
Insight Labs The Insight Labs is a pro bono strategy development platform for non-profit organizations, non-governmental organizations and government agencies. Methodology and format The Insight Labs methodology is based on four beliefs: * Groups that serve ...
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 American nonprofit, progressive liberal political advocacy organization.
criticized Boeing for spending 52.29 million on
lobbying In politics, lobbying, persuasion, or interest representation is the act of lawfully attempting to influence the actions, policies, or decisions of government officials, most often legislators or members of regulatory agencies. Lobbying, which ...
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: *a cash flow in its narrow sense is a payment (in a currency), especially from one central bank account to another; the term 'cash flow' is mostly used to describe payments that are expected to ...
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 included in the invoice will only follow the delivery. Advance payments are recorded as a pr ...
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 Edmund P. Giambastiani, 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 who served as the United States Ambassador to Japan from 2013 to 2017. She is a member of the Kennedy family and the only surviving child of President ...

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 aerospace corporation. As of 2019, Airbus is the world's largest airliner manufacturer and took the most airliner orders, surpassing rival Boeing. It designs, manufactures and sells civil and mili ...
*
Embraer Embraer S.A. () is a Brazilian aerospace conglomerate that produces commercial, military, executive and agricultural aircraft and provides aeronautical services. It was founded in 1969 in São José dos Campos, São Paulo, where its headquarters a ...
*
Comac#REDIRECT Comac {{R from other capitalisation ...
*
United Aircraft Corporation , former_name = OJSC United Aircraft Corporation (2006–2015) , type = Public, PJSC , traded_as = , industry = Aerospace, defense , predecessor = Ilyushin, Irkut, Mikoyan, Sukhoi, Tupolev, Yakovlev , founded = , founder = Vladimir Putin by pres ...
*
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 consort ...
* 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 in the Antelope Valley, about from downtown Los Angeles. It is also used by the National Aeronautics and Space Administration (NA ...


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

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