Company Overview:
Boeing is the world's leading aerospace company and the largest manufacturer of commercial jetliners and military aircraft combined. Additionally, Boeing designs and manufactures rotorcraft, electronic and defense systems, missiles, satellites, launch vehicles and advanced information and communication systems. As a major service provider to NASA, Boeing operates the Space Shuttle and International Space Station. The company also provides numerous military and commercial airline support services. Boeing has customers in more than 90 countries around the world and is one of the largest U.S. exporters in terms of sales.
Boeing has a long tradition of aerospace leadership and innovation. The company continues to expand its product line and services to meet emerging customer needs. The broad range of capabilities includes creating new, more efficient members of its commercial airplane family; integrating military platforms, defense systems and the warfighter through network-centric operations; creating advanced technology solutions; and arranging innovative customer-financing solutions.
Headquartered in Chicago, Boeing employs more than 160,000 people across the United States and in 70 countries, with major operations in the Puget Sound area of Washington State, southern California and St. Louis. Total company revenues for 2007 were $66.4 billion.
Boeing is organized into two business units: Boeing Commercial Airplanes and Boeing Integrated Defense Systems. Supporting these units is Boeing Capital Corporation, a global provider of financing solutions; the Shared Services Group, which provides a broad range of services to Boeing worldwide; and Boeing Engineering, Operations & Technology, which helps develop, acquire, apply and protect innovative technologies and processes.
Boeing Commercial Airplanes
Boeing has been the premier manufacturer of commercial jetliners for more than 40 years. With the merger of Boeing and McDonnell Douglas in 1997, Boeing's leadership in commercial jets, joined with the lineage of Douglas airplanes, gives the combined company a 70-year heritage of leadership in commercial aviation. Today, the main commercial products are the 737, 747, 767 and 777 families of airplanes and the Boeing Business Jet. New product development efforts are focused on the Boeing 787 Dreamliner, and the 747-8. The company has nearly 12,000 commercial jetliners in service worldwide, which is roughly 75 percent of the world fleet. Through Boeing Commercial Aviation Services, the company provides unsurpassed, around-the-clock technical support to help operators maintain their airplanes in peak operating condition. Commercial Aviation Services offers a full range of world-class engineering, modification, logistics and information services to its global customer base, which includes the world's passenger and cargo airlines, as well as maintenance, repair and overhaul facilities. Boeing also trains maintenance and flight crews in the 100-seat-and-above airliner market through Alteon, the world's largest and most comprehensive provider of airline training.
Boeing Integrated Defense Systems
Boeing Integrated Defense Systems (IDS) provides end-to-end services for large-scale systems that enhance air-, land-, sea- and space-based platforms for global military, government and commercial customers. In addition to designing, producing, modifying and supporting fighters, bombers, transports, rotorcraft, aerial refuelers, missiles, munitions and spacecraft for military, civil and commercial use, IDS is developing enhanced capabilities through network-centric operations, communications and intelligence, surveillance and reconnaissance technologies. IDS also supports the U.S. government as a system integrator on several programs of national significance -- NASA's space shuttle and International Space Station programs, the Missile Defense Agency's Ground-Based Midcourse Defense program, the Army's Future Combat Systems program and SBInet, a critical component of the Secure Border Initiative managed by the Department of Homeland Security.
Boeing Capital Corporation
Boeing Capital Corporation is a global provider of financing solutions. Working closely with Commercial Airplanes and Integrated Defense Systems, Boeing Capital Corporation arranges, structures and/or provides financing to facilitate the sale and delivery of Boeing commercial and military aircraft, satellites and launch vehicles. With a year-end 2007 portfolio of approximately $6.5 billion, Boeing Capital Corporation combines Boeing's financial strength and global reach, detailed knowledge of Boeing customers and equipment, and the expertise of a seasoned group of financial professionals.
Shared Services Group
Shared Services Group allows business units to focus on profitable growth by providing the infrastructure services required to run their global operations. The group provides a broad range of services worldwide, including facilities services, employee benefits and services, staffing, recruitment, wellness programs, enterprise help desk, security, fire protection, site operations, disaster preparedness, construction, reclamation, conservation programs, virtual workplace, creative services, transportation, business continuity and the purchase of all non-production goods and services. It also offers comprehensive travel services to Boeing employees and corporate customers through the Boeing Travel Management Company. In addition, Shared Services Group manages the sale and acquisition of all leased and owned property through the Boeing Realty. By integrating services, Shared Services Group delivers greater value, creates "lean" processes and operations, leverages buying power and simplifies access to services for all of Boeing.
Engineering, Operations & Technology
Boeing Engineering, Operations & Technology supports Boeing's business units and growth strategy by providing the right people, technologies, processes and performance at the right time and in the right place across the company worldwide. This strategy is delivered in various ways by the primary organizational groups -- Phantom Works, Intellectual Property Management, and Information Technology, and its leadership role in the Engineering, Operations, Quality, and Information Technology process councils. Through all its activities, Engineering, Operations & Technology helps ensure the future success of Boeing by winning strategic new programs, providing innovative technology and process solutions, transforming Boeing into a global network-centric enterprise, enhancing and protecting the company's intellectual capital, and fostering a culture of innovation.
Contact: Public Relations 312-544-2002
March 2008