The Boeing Company (Boeing) designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. Boeing also provides leasing and product support services through its global business services segment.
Boeing was founded by William Boeing on 15 July 1916, in Seattle, Washington, under the name Pacific Aero Products Co - the name lasted from 1916 to 1917 before it was renamed the Boeing Airplane Company. Boeing, as it currently is structured, is the result of the merger of Boeing with McDonnell Douglas (an aerospace manufacturing corporation and defense contractor) on 1 August 1997 - a transaction valued at USD 16.3 billion, at the time.
For the year end 31 December 2019, Boeing delivered a total of 380 commercial airplanes, representing a decrease of 52.9% from 2018. As at 31 December 2019, cumulative deliveries of the company's 737 aircraft totalled 7,439. The second largest number of cumulative commercial aircraft deliveries as at 31 December 2019 was the company's 777 range, which totalled 1,627.
Boeing is listed on the New York Stock Exchange (NYSE) under the code BA.
Commercial Airplanes - Boeing's commercial airplanes segment develops, produces and markets commercial jet aircraft and provides fleet support services, principally to the global commercial airline industry. Boeing produces a large number of commercial jetliners designed to meet a broad spectrum of global passenger and cargo requirements of airlines. Commercial jet aircraft in production includes the 737 narrow-body model and the 747, 767, 777 and 787 wide-body models. For the year end 31 December 2019, the commercial airplanes segment accounted for 42.13% (USD 32,255 million) of total revenue.
Defense, Space & Security - Boeing's defense, space and security segment (BDS) is engaged in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for strike, surveillance and mobility, including fighter and trainer aircraft; vertical lift, including rotorcraft and tilt-rotor aircraft; and commercial derivative aircraft, including anti-submarine and tanker aircraft. BDS' primary products include the following fixed-wing military aircraft: F/A-18E/F Super Hornet, F-15 Strike Eagle, P-8 programs, KC-46A Tanker, and T-X Trainer. BDS's primary customer is the United States Department of Defense, which for the year end 31 December 2019 accounted for approximately 84% segment revenues. For the year end 31 December 2019, the defense, space and security segment accounted for 34.26% (USD 26,227 million) of total revenue.
Global Services - Boeing's global services segment provides services to Boeing's commercial and defense customers. The global services segment owns aerospace platforms and systems with services including supply chain and logistics management, engineering, maintenance and modifications, upgrades and conversions, and data analytics and digital services, among others. For the year end 31 December 2019, the global services segment accounted for 24.12% (USD 18,468 million) of total revenue.
Boeing Capital - Boeing Capital is the company's financing arm. Boeing Capital’s financing offerings include equipment under operating leases, sales-type/finance leases, notes and other receivables, assets held for sale or re-lease and investments. For the year end 31 December 2019, Boeing Capital accounted for 0.32% (USD 244 million) of total revenue.
Note: For the year end 31 December 2019, unallocated items, eliminations and other accounted for -0.83% of total revenue.
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