Boeing

The Boeing Company (/ˈbɪŋ/) is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. The company also provides leasing and product support services. Boeing is among the largest global aerospace manufacturers; it is the second-largest defense contractor in the world based on 2018 revenue,[7] and is the largest exporter in the United States by dollar value.[8] Boeing stock is included in the Dow Jones Industrial Average. Boeing is incorporated in Delaware.[9]

The Boeing Company
Formerly
  • Pacific Aero Products Co. (1916–1917)
  • Boeing Airplane Company (1917–1961)[1][2]
TypePublic
Industry
FoundedJuly 15, 1916; 105 years ago (1916-07-15) (as Pacific Aero Products Co.)
Seattle, Washington, U.S.
FounderWilliam E. Boeing
HeadquartersBoeing International Headquarters, ,
U.S.
Area served
Worldwide[3]:1
Key people
Larry Kellner
(Chairman)
Dave Calhoun
(President and CEO)
Brian West
(CFO)
Products
Production output
  • 380 commercial aircraft (2019)
  • 229 military aircraft (2019)
  • 2 satellites (2019)
Services
  • Leasing
  • Support solutions[3]:35–36
Revenue US$ 58.16 billion[4] (2020)
US$ −12.76 billion[4] (2020)
US$ −11.94 billion[4] (2020)
Total assets US$ 152.136 billion[4] (2020)
Total equity US$ −18.07 billion[4] (2020)
Number of employees
141,014 (January 1, 2021)[5]
Divisions
Subsidiaries
Websitewww.boeing.com
Footnotes / references
[6]

Boeing was founded by William Boeing in Seattle, Washington, on July 15, 1916.[10] The present corporation is the result of the merger of Boeing with McDonnell Douglas 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.[10]

The Boeing Company has its corporate headquarters in Chicago, Illinois.[11] Boeing is organized into four primary divisions: Boeing Commercial Airplanes (BCA); Boeing Defense, Space & Security (BDS); Boeing Global Services; and Boeing Capital. In 2019, Boeing recorded US$ 76.6 billion in sales. Boeing is ranked 54th on the Fortune magazine "Fortune 500" list (2020),[12] and ranked 121st on the "Fortune Global 500" list (2020).[13]

In 2019, Boeing's global reputation, commercial business, and financial rating suffered after the 737 MAX was grounded worldwide following two fatal crashes in late 2018 and early 2019.