Boeing Financial Analysis
Boeing Financial Analysis
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
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
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