About Company
The Boeing Company is a US-based international conglomerate that blueprints, fabricates, and markets rotorcraft, airplanes, satellites, rockets, projectiles, and telecom devices globally. The firm is a provider of rental and goods support facilities as well.
In terms of revenue earned in 2020, Boeing ranks as one of the biggest worldwide aerospace makers; it also ranks as the 3rd biggest defense service provider across the world.
Boeing ranks as the biggest exporter in the US in terms of dollar worth. The common stock of The Boeing Company is a constituent of the Dow Jones Industrial Average index. The aerospace industry behemoth is registered in Delaware.
On 15th July 1916, William Boeing set up The Boeing Company in Seattle, Washington. The current conglomerate is the outcome of the unification of McDonnell Douglas with Boeing on 1st August 1997. Philip M. Condit, the erstwhile Chief Executive Officer and Chairman of The Boeing Company took over these positions in the amalgamated firm. Simultaneously, the erstwhile Chief Executive Officer of McDonnell Douglas, Harry Stonecipher, got the appointment of the Chief Operating Officer and President of the company.
The corporate head office of The Boeing Company is situated in Chicago, Illinois. The company is structured into four principal segments: Boeing Defense, Space & Security (BDS); Boeing Commercial Airplanes (BCA); Boeing Capital; and Boeing Global Services.
In 2019, the company earned US$ 76.6 billion as gross revenue. On the esteemed “Fortune 500” list published in 2020 on the Fortune periodical, the company achieved the 54th rank. Besides, it achieved the 121st rank on the 2020 list of “Fortune Global 500” companies.
In 2019, the company’s worldwide standing, enterprise operations, and financial ranking took a hit once the 737 MAX aircraft was prohibited globally after two deadly accidents that took place at the end of 2018 (Lion Air Flight 610) and the beginning of 2019 (Ethiopian Airlines Flight 302).
Which industry does The Boeing Company belong to?
The Boeing Company belongs to the Aerospace and Defense sectors.
When was The Boeing Company Founded?
The company was established on 15th July 1916; one hundred five years ago (the name of the organization was Pacific Aero Products Company) in Seattle, Washington, the United States. From 1917 to 1961, the name of the company was Boeing Airplane Company.
Who is the founder of The Boeing Company?
The founder of the company is William E. Boeing, a US-based air travel innovator.
Where is the headquarters of The Boeing Company located?
The headquarters of The Boeing Company is known as The Boeing International Headquarters and it is located in Chicago, Illinois, the United States.
Which area does The Boeing Company serve?
The company enjoys a global client base.
What is the employee strength of The Boeing Company?
As of 1st January 2021, the company has a manpower of 141,014 employees.
Employee statistics
Employment in terms of location (January 1, 2021)
Employment in terms of the group (January 1, 2021)
Around 1.5% of the Boeing workers are part of the Technical Fellowship course of study. It is a course via which the most eminent scientists and technologists of The Boeing Company fix expert guidance for the organization. The mean remuneration at the company is US $76,784, informed by ex-workers.
The Boeing Company Management
Dave Calhoun (CEO and President)
David Calhoun serves as the Chief Executive Officer and President of The Boeing Company. He supervises the tactical guidance of the Chicago-oriented aviation giant, which recruits over 140,000 workers globally. It also influences the faculties of worldwide provider support. Boeing ranks as the most prominent aviation firm and one of the top vendors of business airliners in the world; worldwide services; and space, defense, and security systems. Boeing is a leading exporter in the United States and the firm assists administrative and business clients in over 150 nations.
Calhoun, aged 64 years, got the appointment of the Chief Executive Officer and President of the company in 2020 January. Dave has acted as a part of the Board of Directors of Boeing since 2009. He also occupied the berth of the Chairperson of the BoD of the organization from 2019 October to December.
Dave has all-encompassing skills in a broad range of tactical, commercial, security, and controlling affairs throughout various sectors as a consequence of his administrative, supervisory, and functional understanding.
Before providing leadership to Boeing, from January 2014, Dave was the senior managing director and chief of portfolio business at The Blackstone Group. Throughout his term with the investiture company, Calhoun concentrated on generating and propelling value-added enterprises with the portfolio firm CEOs of The Blackstone Group.
Dave constitutes a part of the BoD of Caterpillar Inc. He is also an associate of the Business Roundtable, an organization of CEOs of prominent US firms. Calhoun is an associate of the Pamplin Advisory Council of Virginia Tech as well.
A resident of Pennsylvania, Dave has a bachelor’s degree from Virginia Tech in accounting. Calhoun has co-authored the book “How Companies Win”. He is an enthusiastic athlete and golf player. He lives with his wife and four kids.
Brian West (Executive Vice President and CFO)
Brian West serves as the Executive Vice President, Finance and Chief Financial Officer for The Boeing Company. He got hired for this position in 2021 August. Brian heads all facets of financial planning, execution, and accounting of the extensive enterprise development of The Boeing Company together with funds, investor relations, appraisal, and regulatory functions. West supervises Boeing Capital Corporation, the firm’s worldwide funding division, and is an associate of the Executive Council of Boeing.
Brian has a profound knowledge of the investment fraternity and an established past performance of development and functional excellence. Before becoming employed with The Boeing Company, Brian worked as the CFO of Refinitiv from 2018. There he had the charge of handling capital organization and financial planning, wealth investment and enhancement, and guaranteeing clarity with depositors and stakeholders. Besides his functioning with finance, Brian spearheaded enterprise planning and procedure, procurement and realty administration, and supervised continuing method enhancements throughout the enterprise.
Brian has a bachelor’s degree from Siena College in finance and a Master of Business Administration degree from the Columbia Business School.
Brian is a constituting board associate of LiveGirl, which is a Connecticut-oriented non-profit-making establishment whose task is to organize the future contemporaries of assorted women leaders who have the expertise, interest, and associations to flourish in the world.
Marc Allen (CSO and Senior Vice President)
Bertrand Marc Allen serves as the Senior Vice President and Chief Strategy Officer of Business Growth and Planning for The Boeing Company, the biggest aviation firm in the world and also one of the most prominent vendors in the US. Allen reports to Dave Calhoun, the President and Chief Executive Officer of Boeing. He also has the responsibility for the all-embracing policy of the organization comprising long-standing strategy, worldwide commercial and enterprise growth, and tactical investitures, mergers, and divestments.
Marc is an Aspen Institute Henry Crown Fellow. He is also an associate of the Council on Foreign Relations. Allen is a part of the BoDs of Procter & Gamble Co. and various worldwide business establishments, such as Trilateral Commission legal guardian, International Justice Mission chairperson, and director of the U.S.-India Strategic Partnership Forum and U.S.-China Business Council.
Marc has a degree in law from Yale Law School. He also has a bachelor’s degree with distinction (summa cum laude) from Princeton University, with political science as a major with a credential in economics. A resident of Southern California and a licensed individual aviator, he lives with his wife and four kids.
What are the products and services offered by The Boeing Company?
The products offered by The Boeing Company can be broadly categorized into the following:
- Armed forces aircraft
- Business aircraft
- Space crafts and rocket launchers
- Orbiters
The services provided by the Boeing Company are as follows:
- Assistance solutions
- Rental
What are the different divisions of The Boeing Company?
The various divisions of the company are listed below:
- Boeing Defense, Space & Security
- Phantom Works
- Boeing Commercial Airplanes
- Boeing Capital
- Boeing Global Services
- Boeing Shared Services Group
- Engineering, Test, and Technology
- Boeing NeXt – Performing research on urban/advanced air mobility
What are the subsidiaries of The Boeing Company?
Here are the names of the subsidiaries of The Boeing Company:
- Aviall Services
- Aurora Flight Sciences
- Boeing UK
- Boeing Aircraft Holding Company
- Boeing Australia
- Boeing Defence UK
- Boeing India
- Boeing Canada
- Boeing Capital Corporation
- Boeing Japan
- Jeppesen
- Boeing Commercial Space Company
- Spectrolab
- Continental data graphics
- ForeFlight
- Boeing Intelligence & Analytics
The Boeing Company Financial Performance
Table of Summary Financial Results Statement (Dollars are in millions, other than per share information)
Highlights
- Revenue amounted to US $15.3 billion, core (non-GAAP) loss per share of US $0.60, and GAAP loss per share of US $0.19
- Uninterrupted advancement on a worldwide secure come back to the operation of 737 MAX and concentration on functional steadiness
- Business Airliners stockpile of US $290 billion and included ninety-three net orders
- Saleable certificates and currency of US $20 billion and operating cash flow of US ($0.3) billion
The Boeing Company (NYSE: BA) declared Q3 revenue of US $15.3 billion, motivated by superior business airliners and facilities level. Non-GAAP core loss per share of US $0.60 and GAAP loss per share of US $0.19 principally represents increased business level (table given above). The Boeing Company posted an operating cash flow of US $0.3 billion.
Boeing Company Stock Performance
The stocks of The Boeing Company are traded on the NYSE with the ticker symbol BA. Besides, the stock is a component of the indices mentioned below:
- Dow Jones Industrial Average (DJIA)
- Standard & Poor 100
- Standard & Poor 500
On November 26, 2021, The Boeing Company (NYSE: BA) closed trading at US $199.21 at 1:00 pm Eastern Standard Time (EST).
What is the viewpoint of The Boeing Company?
The company emphasizes inventing and functioning to turn the world into an improved place for the next generations via ecological custodianship, societal advancement, and values-oriented administration.
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