The Boeing Company was formed in 1916 by William E. Boeing in Seattle, Washington. The following year they had a twenty eight person payroll which included pilots, carpenters, boat builders and seamstresses. The lowest wage was fourteen cents an hour, while the company's top pilots made two to three hundred dollars a month. When the company was short on money, William Boeing used his own financial resources to guarantee a loan to cover all wages, which was a total of about seven hundred a week. ("Boeing History," n.d) In 1997, they merged with McDonnell Douglas and are currently the world's largest aerospace company and leading manufacturer of commercial airliners and defense, space and security systems. With their headquarters in Chicago, Boeing employs more than 170,000 people in the United States and in over seventy countries. More than 140,000 employees hold college degrees including nearly 35,000 advanced degrees in virtually every business and technical field. (The Boeing Company, 2012) Boeing is organized into two main business units: Boeing Commercial Airplanes (BCA) and Boeing Defense, Space & Security (BDS). Supporting these units are Boeing Capital Corporation, The Shared Services Group and Boeing Engineering, Operations & Technology.
The Boeing Commercial Airplanes unit is the leading manufacturer of commercial jets. The main commercial products are the 737, 747, 767 and 777 families of airplanes and the Boeing Business Jet. With over 12,000 commercial jetliners in service worldwide, Boeings planes cover roughly seventy five percent of the world fleet (The Boeing Company, 2012). The BCA also provides maintenance, engineering, modification, logistics and information services to their customers. Boeing’s Training & Flight Services is the world's largest provider of airline training. Boeing Defense, Space & Security provides services for large-scale systems for global military, government and commercial customers. The BDS unit designs, produces, and modifies fighters, bombers, transports, rotorcraft, aerial refueling tankers, missiles, munitions and spacecraft for the military and commercial use. Some of the major weapon systems they developed and sustain for the military are the AH-64 Apache, F-18 Super Hornet, F-15 Strike Eagle, C-17 Globemaster and the new KC-46A Supertanker which is a version of the 767 commercial jet. BDS is expanding into new markets and such as: unmanned systems, cyber security, energy management, and support and logistics for their customers.
Boeing Capital Corporation is a provider of financing solutions for their customers. This division arranges and provides financing to facilitate the sale and delivery of their products. In 2011 their portfolio had a value over $4.5 billion. The Engineering, Operations and Technology division’s objectives are to support the company's business units by delivering technical services in information technology, research and technology and test and evaluation. The Shared Services Group business unit provides facilities services, employee benefits and services, staffing, recruitment, wellness programs, security, fire protection, site operations, disaster preparedness, construction, reclamation, conservation programs, virtual workplace, creative services and transportation. The Shared Services Group offers travel services for their employees and manages the sales and leases of their aircraft.
Boeing has competitors in two areas; commercial airlines and military defense. Boeing’s main competitor in the commercial airline industry is Airbus. They are headquartered in France and produce almost half of all new commercial jetliners. Airbus produces the A380 which is currently the largest passenger aircraft in the world and entered service in 2007. In 1999 they expanded and established Airbus Military which produces military aircraft. The majorities of their military produced aircraft are used in Europe does not greatly effect on...