BOEING - MAKING THE IMPOSSIBLE POSSIBLE
Everybody knows Boeing, because it is famous for being one of the largest aerospace producers in the world. It is a multinational corporation founded in USA that manufactures designs and sells not only airplanes, but also satellites, missiles, rockets and telecommunications equipment globally. Based on its 2017 revenue reports, Boeing ranks fifth among defense contractors. It is also the largest exporter in the U.S. Its stock is part of the Dow Jones Industrial Average Index.
The Road to Global Leadership in Aviation
The founder of Boeing is a timber salesperson William Boeing. He started his own company in 1916 in Seattle. Throughout the years it underwent many changes, merges and acquisitions to finally become the international corporation we know today.
At first, the company was called Aero Products Company which was renamed to Boeing Airplane in 1917, later on William Boeing created Boeing Airplane & Transport Corp (1928). One year after that the company was renamed again and started acquiring several aircraft manufacturers among which Chance Vought, Hamilton Metalplane, Sikorsky Aviation, Pratt & Whitney, Avion and Stearman Aircraft.
In 1931, the company merged four of the smaller airlines to form United Airlines. Three years later the two business lines - aircraft manufacturing and air transportation had to be separated. This is when Boeing Airplane became one of the three organizations that formed after the separation of Transport and United Aircraft.
The corporation we know today is a result of the merger of McDonnell Douglas and Boeing which took place in 1997.
Today the Boeing Company is based in Chicago and is organized into five main divisions: Commercial Airplanes (BSA); Capital; Defense; Engineering, Technology & Operations; Shared Services Group; Space & Security (BDS).
Becoming the Largest in the World
Today Boeing is the world’s biggest aerospace company and the largest exporter in America. With offices in Chicago the corporation employs more than 150,000 people across the country and in 65 countries worldwide. The factory employees are 50.000 and 45.000 are engineers. This represents one of the most talented, diverse and innovative workforce in the world.
The company supports different airlines as well as government clients in more than 120 countries.
Boeing’s catalogue of products and services (some of which completely tailored) includes military and commercial aircraft, advanced communication and information systems, satellites, weapons, electronic, defense and launch systems as well as training and performance-based logistics.
In 2018 Boeing manufactured – 2 satellites, 806 commercial planes and 113 military aircraft.
Some of Boeing’s flagship models are: Boeing 747, Boeing 777, Boeing 767, Boeing 737, Boeing 787, Boeing F-15 Eagle or Strike Eagle, F/A-18 E- F Super Hornet, Boeing CH47 Chinook, and the 702 satellites.
Recognition for Transforming the Industry
Since 1916 when the Boeing Company was founded it has been making the impossible possible. From manufacturing simple airplanes to transforming how people fly over the world and into space. It has been a 103-years long journey to becoming the biggest and most powerful aerospace corporation in the world. During these years Boeing has been recognized many times for its achievements and has received many important industry awards. Many of the achievements were records and industry firsts.
In 2018 alone the company recorded more than $90.00 billion in sales and ranked under number 24 on the Fortune 500, 64 on the Fortune Global 500 list and 19 on the list of Most Admired Companies in the World.
Boeing continues its long tradition in aerospace leadership and innovation by expanding its products and services to meet the needs of ever-growing number of customers across all divisions and product lines.