Shortly before doing so, he and Conrad Westervelt created the "B&W" seaplane. Boeing founded Pacific Aero Products Company in Seattle, Washington. The Boeing Company was started in 1916, when American lumber industrialist William E. In 2019, Boeing's global reputation, commercial business, and financial rating suffered after the 737 MAX fleet was grounded worldwide following two fatal crashes in late 2018 and early 2019. Boeing is ranked 54th on the Fortune magazine "Fortune 500" list (2020), and ranked 121st on the " Fortune Global 500" list (2020). In 2021, Boeing recorded $62.3 billion in sales. The company is organized into four primary divisions: Boeing Commercial Airplanes (BCA) Boeing Defense, Space & Security (BDS) Boeing Global Services and Boeing Capital. Īs of 2023, the Boeing Company's corporate headquarters is located in Crystal City, Arlington, Virginia. Condit, assumed those roles in the combined company, while Harry Stonecipher, former CEO of McDonnell Douglas, became president and COO. Then–chairman and CEO of Boeing, Philip M. The present corporation is the result of the merger of Boeing with McDonnell Douglas on August 1, 1997. Boeing's stock is a component of the Dow Jones Industrial Average.īoeing was founded by William Boeing in Seattle, Washington, on July 15, 1916. Boeing is among the largest global aerospace manufacturers it is the third-largest defense contractor in the world based on 2020 revenue, and is the largest exporter in the United States by dollar value. The company also provides leasing and product support services. The Boeing Company ( / ˈ b oʊ ɪ ŋ/) is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide.
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