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The Boeing Company

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The Boeing Company

The Boeing Company is an American based firm whose main activities include designing, manufacturing and selling airplanes, rockets, electronic and defense systems, satellites, launch systems and rotorcraft. Being the largest aerospace company in the world, Boeing supports airlines as well as US and related customers in more than 150 countries. With the headquarters based in Chicago Illinois, the company is lead by James McNerney who acts as the CEO and the Chairman. The success of the company locally and globally is based on the strong team work that is made up of more than 165,000 employees in the US and in more than 60 countries (Rigas, 2002). Through the culture of diversity and innovation, Boeing has maintained a skilled workforce that contributes to the operations of the two business units which include Boeing defense, space & security and Boeing Commercial Airlines. With more than 40 years as a major manufacturer of commercial jetliners, Boeing products include 737, 747, 777 and 787 airplanes among others.

Boeing Company was founded in 1916 by William Boeing. As the result of improved technology and quality services that the company offered in US and globally, the company expanded an aspect that made it to change its head office from Seattle to Chicago. In its effort to improve the capital base and attain strong financial position, Boeing held an initial public offer in 1978, thus making it a public owned company. Major institutional holders of the company currently include Capital World Investors, Evercore Trust Company, Price Associates Incorporation, Vanguard Company, FMR Company and State Street Corporation. As the company expands in other countries, it has opened investment opportunities for mutual fund holders. Thus, firms like Washington Mutual Investor Fund, American Balanced Fund, Vanguard 500 Index Fund,

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