The Boeing Company (pronounced /ˈboʊ.ɪŋ/ BOH-ing) is an American multinational aerospace and defense corporation, founded in 1916 by William E. Boeing in Seattle, Washington. Boeing has expanded over the years, merging with McDonnell Douglas in 1997. Boeing Corporate headquarters has been in Chicago, Illinois[2] since 2001. Boeing is made up of multiple business units, which are Boeing Commercial Airplanes (BCA); Boeing Defense, Space & Security (BDS); Engineering, Operations & Technology; Boeing Capital; and Boeing Shared Services Group.
Boeing is among the largest global aircraft manufacturers by revenue, orders and deliveries, and the third largest aerospace and defense contractor in the world based on defense-related revenue.[3] Boeing is the largest exporter by value in the United States.[4] Its stock is a component of the Dow Jones Industrial Average.

The Boeing Company (Boeing), incorporated in 1916, is an aerospace company. Boeing is engaged in the design, development, manufacture, sale and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services. The Company operates in five segments: Commercial Airplanes, Boeing Military Aircraft (BMA), Network & Space Systems (N&SS), Global Services & Support (GS&S), and Boeing Capital Corporation (BCC). Boeing’s Other segment includes the activities of engineering, operations and technology (EO&T), and shared services group (SSG), as well as intercompany guarantees provided to BCC. It is a manufacturer of 100+ seat airplanes for the worldwide commercial airline industry and defense contractors in the United States.
In July 2010, the Company acquired Narus, which is a provider of network traffic and analytics software. On August 5, 2010, the Company acquired Argon ST, Inc. (Argon). In December 2010, Boeing completed the acquisition of the business and operations conducted by Summit Aeronautics Group in Helena, Montana. On January 7, 2010, the Company’s Integrated Defense Systems began operating under the name Boeing Defense, Space & Security (BDS). It consists of BMA, N&SS and GS&S. During the year ended December 31, 2010, the accounting quantity for the 737 program increased by 400 units, for the 747 program increased by 25 units, for the 767 program increased by 13 units, for the 777 program increased by 50 units.
Commercial Airplanes Segment
The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services to the commercial airline industry worldwide. Boeing is a producer of commercial aircraft and offer a family of commercial jetliners designed to meet passenger and cargo requirements of domestic and non United States airlines. The Commercial Airplanes segment also offers aviation services support, aircraft modifications, spares, training, maintenance documents and technical advice to commercial and government customers worldwide. This family of commercial jet aircraft in production includes the 737 narrow-body model and the 767 and 777 wide-body models. As of December 31, 2010, the 747-8 and 787 wide-body models were under development.
Boeing Military Aircraft Segment
The BMA segment is engaged in the research, development, production and modification of manned and un-manned military weapons systems for the global strike, mobility and surveillance, and engagement markets, as well as related services. Products included in this segment are the A160 Hummingbird, AH-64 Apache, Airborne Early Warning and Control (AEW&C), CH-47 Chinook, C-17 Globemaster, EA-18G Growler Airborne Attack Electronic Aircraft, F/A-18E/F Super Hornet, F-15 Strike Eagle, F-22 Raptor, Harpoon, KC-767 International Tanker, Joint Direct Attack Munition, P-8A Poseidon, P8-I, ScanEagle, Small Diameter Bomb and V-22 Osprey.
Network & Space Systems Segment
The Company’s N&SS segment is engaged in the research, development, production and modification of products and services to assist its customers in transforming their operations, through network integration, information, intelligence and surveillance systems, communications, architectures and space exploration. Products included in this segment are the Airborne Laser, Family of Advanced Beyond Line-of-Sight Terminals (FAB-T), Brigade Combat Team Modernization (BCTM), Future Rapid Effects System, Global Positioning System, Ground-based Midcourse Defense (GMD), International Space Station, Joint Tactical Radio System (JTRS), Satellite Systems, Cyber and Security Programs, and Space Payloads and Space Shuttle.
Global Services & Support Segment
Boeing’s GS&S segment is engaged in the operations, maintenance, training, upgrades and logistics support functions for military platforms and operations. Activities included in this segment are integrated logistics on platforms, including AH-64, AV-8B, C-17, CH-47, F-15, F/A-18, F-22, GMD, KC-767 International Tanker and V-22; maintenance, modifications and upgrades on platforms, including A-10, B-1, B-52, C-32, C-40, C-130, E-4B, E-6, KC-10, KC-135, T-38 and VC-25; training systems and services on platforms, including AH-64, C-17, F-15, F-16, F/A-18 and T-45, and defense and government services, including the United Kingdom Future Logistics Information Services program.
Boeing Capital Corporation Segment
In the commercial aircraft market, BCC facilitates, arranges, structures and provides selective financing solutions for the commercial airplanes customers. In the space and defense markets, its BCC segment arranges and structures financing solutions for its BDS government customers. BCC’s portfolio consists of equipment under operating leases, finance leases, notes and other receivables, assets held for sale or re-lease and investments.
The Company competes with Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, General Dynamics Corporation, BAE Systems and European Aeronautic Defence and Space Company (EADS).

The industrywide difficulties in the aerospace and defense fields in the first half of the 1990s led to a wave of consolidation through mergers and acquisitions. Preoccupied with straightening out its own house, Boeing watched from the sidelines--that is, until the company completed two major acquisitions within an eight-month period. In December 1996 Boeing paid $3.2 billion for the aerospace and defense holdings of Rockwell International. Gained in the transaction were Rockwell's contracts for the Space Shuttle and the International Space Station, as well as activities in launch systems, rocket engines, missiles, satellites, military airplanes, and guidance and navigation systems. In August 1997 Boeing completed a $14 billion acquisition of McDonnell Douglas, vaulting Boeing into the number one position worldwide in the aerospace industry. McDonnell had been the world's number three maker of commercial aircraft, with its MD series of jets; the acquisition therefore increased Boeing's share of the world market for large commercial jetliners to more than 60 percent--and it left Boeing with just one major competitor in that sector: the European Airbus consortium, which held about one-third of the world market. As the market for commercial planes was once again on the upswing at the time, Boeing particularly coveted the added production capacity the acquisition brought. Another key attraction--and perhaps even more important--was the opportunity to further bolster the company's defense and space operations, which it hoped would provide a counterbalance to the boom-and-bust cycle of commercial jets. McDonnell was number two among U.S. defense contractors and was the number one maker of military aircraft worldwide. Among the military aircraft were the F/A-18, which formed the core of the U.S. Navy's jet fleet, and the F-15, which was the U.S. Air Force's top fighter aircraft. Following the McDonnell acquisition, Condit remained chairman and CEO of Boeing, while Harry Stonecipher, McDonnell's CEO, was named president and chief operating officer.
Unfortunately, 1997 turned disastrous for Boeing for reasons wholly unrelated to its acquisition spree. Attempting to take advantage of the upswing in airplane orders, which was in part caused by the aging of the airliners' fleets, Boeing committed to doubling its production over an 18-month period. Various snafus led to production delays, including the wholesale shutdown of some production units while out-of-sequence work was brought back into line. The company took pretax charges in 1997 totaling a whopping $3 billion plus, more than half of which stemmed from the production difficulties. Boeing also took a $1.4 billion charge related to its decision to phase out production of the MD-80 and MD-90 jets by early 2000. These charges led the company to record its first loss in 50 years, a net loss of $178 million on revenues of $45.8 billion. Additional charges were taken during 1998, but the company managed to post net income of $1.12 billion on sales of $56.15 billion thanks to the strong performance of its defense and space operations. It also managed to increase the number of aircraft it produced from the 374 of 1997 to more than 550 in 1998. The company was in the midst of a major cost-containment effort, with its workforce expected to be reduced from its peak of 238,000 at year-end 1997 to between 185,000 and 195,000 by the end of 2000.
As it prepared for the 21st century, Boeing's defense and space operations appeared to be healthy despite such setbacks as the August 1998 explosion of a Delta III rocket making its maiden voyage, with a satellite in tow, and the delays in the development of the International Space Station because of economic turmoil in Russia. In October 1998 the Air Force awarded Boeing a $1.38 billion contract to launch a new generation of rockets, and Boeing in 1999 also won a $4.5 billion contract to develop spy satellites for the CIA and others. If anything was clouding Boeing's future it was the commercial aircraft sector, where Airbus was developing into a formidable adversary. In late 1999 Aerospatiale SA of France merged with the aerospace unit of DaimlerChrysler AG to form European Aeronautic Defense & Space Co., which now held 80 percent of Airbus, with the other 20 percent owned by British Aerospace plc. This streamlining of the ownership structure brought closer the long-anticipated transformation of Airbus into a publicly traded, focused corporation; should that occur, no longer could Boeing dismiss Airbus as a clumsy consortium propped up by government subsidies. In fact, the battle lines appeared to have been drawn by the two rivals at the end of the 20th century in the development of the next generation of super jumbo jets. Airbus had in the planning stages a brand-new jet, the A-3XX, envisioned as the largest jetliner ever, featuring four engines, double decks running the length of the fuselage, a range of 8,800 miles, and passenger capacity of 555 to 655. The project was estimated to cost $12 billion. Boeing had in mind producing a bigger, longer-range version of its 747 jet, dubbed the 747-x Stretch, with seating capacity of 500 to 520, a range of 8,625 miles, and a projected cost of just $2-$3 billion. An intense competition for contracts with airliners was expected in the early 21st century as the super jumbos began to take shape.
Principal Subsidiaries:757UA, Inc.; 767ER, Inc.; Aileron Inc.; Akash, Inc.; Aldford-1 Corporation; ARGOsystems Inc.; Astro Limited; Astro-II, Inc.; Autonetics, Inc.; Bahasa Aircraft Corporation; BCS Richland, Inc.; Beaufoy-1 Corporation; Boeing Aerospace Ltd.; Boeing Aerospace Operations Inc.; Boeing Agri-Industrial Company; Boeing Commercial Information and Communication Company; Boeing Commercial Space Company; Boeing Constructors, Inc.; Boeing Domestic Sales Corporation; Boeing Enterprises, Inc.; Boeing Financial Corporation; Boeing Global Services, Inc.; Boeing Information Services, Inc.; Boeing International Corporation; Boeing International Logistics Spares, Inc.; Boeing International Sales Corporation; Boeing Investment Company, Inc.; Boeing Leasing Company; Boeing Logistics Spares, Inc.; Boeing Middle East Limited; Boeing North American, Inc.; Boeing Offset Company, Inc.; Boeing Operations International, Incorporated; Boeing Overseas, Inc.; Boeing Precision Gear, Inc.; Boeing Space Operations Company; Boeing Support Services, Inc.; Boeing Technology International, Inc.; Boeing Travel Management Company; Canard Holdings, Inc.; CBSA Leasing II, Inc.; CBSA Leasing, Inc.; Cougar, Ltd.; Dillon, Inc.; Gaucho-1 Inc.; GAUCHO-2 Inc.; Hanway Corporation; Longacres Park, Inc.; Longbow Golf Club Corporation; McDonnell Douglas Corporation; Montana Aviation Research Company; North American Aviation, Inc.; Rainier Aircraft Leasing Inc.; Rocketdyne Technical Services Company; Rocketdyne, Inc.; Sunshine Leasing Company - 1; Taiko Leasing, Inc.; Thayer Leasing Company - 1; VC-X 757, Inc.; Wingspan, Inc.
Principal Competitors:Aerospatiale Matra; Airbus Industrie; The BFGoodrich Company; Bombardier Inc.; British Aerospace plc; Cordant Technologies Inc.; DaimlerChrysler AG; Dassault Aviation SA; Kaman Corporation; Lockheed Martin Corporation; Northrop Grumman Corporation; Raytheon Company; Sextant Avionique; Textron Inc.; Thomson S.A.; United Technologies Corporation.


OVERALL
Beta: 1.26
Market Cap (Mil.): $58,899.57
Shares Outstanding (Mil.): 738.27
Annual Dividend: 1.68
Yield (%): 2.11
FINANCIALS
BA.N Industry Sector
P/E (TTM): 17.93 23.16 17.05
EPS (TTM): 143.52 -- --
ROI: 10.66 4.93 3.26
ROE: 135.31 20.00 5.84


Statistics:
Public Company
Incorporated: 1934 as Boeing Airplane Company
Employees: 227,000
Sales: $56.15 billion (1998)
Stock Exchanges: New York Amsterdam Brussels London Tokyo Pacific Boston Cincinnati Midwest Philadelphia
Ticker Symbol: BA
NAIC: 336411 Aircraft Manufacturing; 336413 Other Aircraft Parts and Auxiliary Equipment Manufacturing; 336414 Guided Missile and Space Vehicle Manufacturing; 336415 Guided Missile and Space Vehicle Propulsion Unit and Propulsion Unit Parts Manufacturing; 336419 Other Guided Missile and Space Vehicle Parts and Auxiliary Equipment Manufacturing; 334511 Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instruments Manufacturing; 334290 Other Communications Equipment Manufacturing

Key Dates:

1917: Founder William Boeing incorporates Pacific Aero Products Company, involved in plane making, mail delivery, and pilot training.
1918: Company changes its name to Boeing Airplane Company.
1929: United Aircraft and Transportation Company is formed as a holding company for Boeing-controlled airlines and makers of airplanes, engines, and propellers.
1934: Government investigation of airmail business leads to break-up of United, with Seattle-based Boeing Airplane Company emerging with a sole focus on manufacturing.
1944: In peak wartime production, 16 B-17s are produced every 24 hours.
1954: The Boeing 707 jet makes its first flight.
1960: Philadelphia-based Vertol Aircraft Corporation, a maker of military helicopters, is acquired.
1961: Company changes its name to The Boeing Company; completes first test launch of a Minuteman missile at Cape Canaveral, Florida.
1964: The three-engine 727 passenger jet is introduced.
1966: Company launches first Lunar Orbiter, which sends photos of the moon back to Earth.
1967: The shorter-route 737 jet makes its first commercial flight.
1968: Apollo 8, which takes the first astronauts around the moon, is launched in December boosted by a Saturn V rocket, for which Boeing had built the first stage.
1970: The 747, the first of the 'jumbo jets,' makes its first commercial flight.
1971: Strict austerity measures, including the layoff of 43,200 employees, save the company from bankruptcy.
1976: First air-launched cruise missile is test-fired from a B-52.
1981: The first NATO AWACS is delivered to West Germany; the 767 makes its first flight.
1982: The 757 makes its first flight.
1993: NASA names the company the prime contractor for the International Space Station.
1995: First 777-200 is delivered to United Airlines.
1996: The aerospace and defense units of Rockwell International are acquired.
1997: McDonnell Douglas, number one in military aircraft and number three in commercial aircraft worldwide, is acquired, making Boeing the largest aerospace company in the world.
1999: Company-led consortium successfully launches a commercial satellite from a floating platform at sea.

Name Age Since Current Position
McNerney, W. James 61 2005 Chairman of the Board, President, Chief Executive Officer
Bell, James 62 2008 Chief Financial Officer, Executive Vice President and Corporate President
Luttig, J. Michael 56 2009 Executive Vice President, General Counsel
Albaugh, James 60 2009 Executive Vice President, President and Chief Executive Officer - Boeing Commercial Airplanes
Muilenburg, Dennis 47 2009 Executive Vice President, President and Chief Executive Officer - Boeing Defense, Space & Security
Tracy, John 56 2006 Senior Vice President - Engineering, Operations & Technology, Chief Technology Officer
Stephens, Richard 58 2005 Senior Vice President - Human Resources and Administration
Hill, Shephard 58 2009 Senior Vice President - Business Development and Strategy; President of Boeing International
Downey, Thomas 46 2007 Senior Vice President - Communications
Denson-Low, Wanda 54 2007 Senior Vice President - Office of Internal Governance
Keating, Timothy 49 2008 Senior Vice President - Government Operations
Duberstein, Kenneth 66 2005 Lead Independent Director
Bryson, John 67 1995 Independent Director
McDonnell, John 73 1997 Independent Director
Cook, Linda 52 2003 Independent Director
Zafirovski, Mike 57 2004 Independent Director
Collins, Arthur 63 2007 Independent Director
Liddy, Edward 65 2010 Independent Director
Calhoun, David 53 2009 Independent Director
Giambastiani, Edmund 62 2009 Independent Director
Schwab, Susan 55 2010 Independent Director
Williams, Ronald 61 2010 Independent Director

Address:
7755 East Marginal Way South
Seattle, Washington 98108
U.S.A.
 
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