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Boeing

The Boeing Company
Public
Traded as
Industry
Founded July 15, 1916; 100 years ago (1916-07-15) (as Pacific Aero Products Co.)
Seattle, Washington, U.S.
Founder William Boeing
Headquarters Chicago, Illinois, U.S.
Area served
Worldwide
Key people
Dennis Muilenburg (CEO, Chairman, President)
Raymond Conner (Vice Chairman)
Products
Production output
  • 745 aircraft
  • 10 satellites
Services
  • Leasing
  • Support solutions
Revenue IncreaseUS$96.114 billion (2015)
Decrease US$7.443 billion (2015)
Increase US$5.176 billion (2015)
Total assets Increase US$94.408 billion (2015)
Total equity Decrease US$6.335 billion (2015)
Number of employees
156,921 (July 28, 2016)
Divisions Boeing Commercial Airplanes
Boeing Defense, Space & Security
Boeing Capital
Engineering, Operations & Technology
Shared Services Group
Subsidiaries
Website boeing.com

The Boeing Company (/ˈb.ɪŋ/) is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, and satellites worldwide. The company also provides leasing and product support services. Boeing is among the largest global aircraft manufacturers; it is the second-largest defense contractor in the world based on 2015 revenue, and is the largest exporter in the United States by dollar value. Boeing stock is a component of the Dow Jones Industrial Average.

The Boeing Company's corporate headquarters are located in Chicago and the company is led by President and CEO Dennis Muilenburg. Boeing is organized into five primary divisions: Boeing Commercial Airplanes (BCA); Boeing Defense, Space & Security (BDS); Engineering, Operations & Technology; Boeing Capital; and Boeing Shared Services Group. In 2015, Boeing recorded $96.11 billion in sales, ranked 27th on the Fortune magazine "Fortune 500" list (2015), ranked 90th on the "Fortune Global 500" list (2015), and ranked 27th on the "World's Most Admired Companies" list (2015).

In March 1910, William E. Boeing bought Heath's shipyard in Seattle on the Duwamish River, which later became his first airplane factory. Boeing was incorporated in Seattle by William Boeing, on July 15, 1916, as "Pacific Aero Products Co". Boeing was later incorporated in Delaware, the original Certificate of Incorporation was filed with the Secretary of State of Delaware on July 19, 1934. Boeing, who studied at Yale University, worked initially in the timber industry, where he became wealthy and learned about wooden structures. This knowledge proved invaluable in his subsequent design and assembly of airplanes. The company stayed in Seattle to take advantage of the local supply of spruce wood.


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