The Boeing Company

Founded in 1916, Boeing (NYSE: BA) is a US multinational aerospace corporation and a global leader in aeronautics, space, and related services. It is also one of the largest defense contractors in the world, and generated USD 66.6 billion revenue in 2022. Headquartered in Northern Virginia (headquartered in Chicago before May 2022), it has customers in over 150 countries. It was listed on the New York Stock Exchange in 1962 and reached USD 100 billion in market capitalization for the first time in November 2013. 

Boeing operates through four segments: 1) Commercial Airplanes, 2) Defense, Space & Security, 3) Global Services, and 4) Boeing Capital. The Commercial Airplanes segment develops, produces, and markets commercial jet aircraft and provides fleet support services, mainly to the global commercial airline industry. It offers aircraft of various families including Boeing’s best-selling product line 737. The Defense, Space & Security segment offers products and services missions across air, land, sea, space, and cyber, covering military aircraft, unmanned aerial systems (UAS), space, and missile systems. The Global Services segment provides services to Boeing’s commercial and defense customers worldwide, while Boeing Capital provides customers with financing to buy and take delivery of their orders while managing Boeing's overall financing exposure.

Boeing plays a significant role in the US economy. It is one of the country’s largest exporters, working with over 12,000 businesses and supporting more than a million supplier-related jobs. The US continued to be Boeing’s largest market, generating ~63% of total revenue in 2022, while revenues from the US Government (including foreign military sales through the US Government), accounted for ~40% of total revenue. Boeing faced significant reputational damage due to its 737 MAX aircraft, following two fatal crashes in 2018 and 2019, which claimed 346 lives. This resulted in 737 MAX aircraft being grounded for 20 months—the longest grounding in aviation history—leaving the company in crisis. Following this, the company made safety its top priority and worked toward resuming 737 MAX deliveries in China.