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Boeing
Headquarters:
100 N. Riverside
Chicago, IL 60606
Employees: 159,313
CEO: James Bell
Stock Symbol: BA
Website: http://www.boeing.com
If you've ever flown on an airplane, chances are it was made by Boeing. Boeing is the world's largest makers of airplanes for commercial airlines and the military. It also builds helicopters, satellites and defense systems.
Boeing said it had 1,413 net commercial airplane orders during 2007, reaching more than 1,000 orders for an unprecedented third consecutive year, and setting a Boeing record for total orders in a single year.
Boeing also set new order records for the 787 Dreamliner, the 737, and for Boeing freighters.
The 2007 total surpasses the previous Boeing records of 1,044 net orders in 2006 and the 1,002 orders set in 2005. Gross orders in 2007, which exclude cancellations and conversions, totaled 1,423. Boeing recorded 1,050 gross orders in 2006 and 1,029 gross orders in 2005. Unfilled orders for Boeing Commercial Airplanes is now over 3,400 airplanes.
"It has been another strong year for commercial aviation, and we are grateful for our customers' trust in our team, and our products and services," said Scott Carson, Boeing Commercial Airplanes president and chief executive officer. "We deeply appreciate the role we play in our customers' plans for growth and success, and we are focused on meeting our commitments.
Boeing's new 787 Dreamliner, is a fuel-efficient jet that can carry approximately 217 passengers about 8,500 miles without refueling. The jets are valued at $500 million apiece. The 787 program enjoyed a record-setting year with 369 orders in 2007. The Dreamliner is the fastest-selling new airplane program in history with a total of 817 orders since launch in 2004. The company has announced three separate delays with the manufacturing of the airplane that would push the first deliveries back until 2009.
Boeing employed 159,313 people at the end of 2007, with major operations in the Puget Sound area of Washington State, southern California and St. Louis. More than 83,800 employees hold college degrees--including nearly 29,000 advanced degrees--in virtually every business and technical field from approximately 2,800 colleges and universities worldwide.
Boeing is organized into four major business units: Boeing Capital Corporation, Boeing Commercial Airplanes, Connexion by Boeing, and Boeing Integrated Defense Systems. Supporting these units is the Boeing Shared Services Group, which contributes common services and efficient infrastructure services that enable the company's business units to concentrate on profitable growth.
In addition, Phantom Works provides advanced research and development, including advanced concepts for air traffic management. Phantom Works partners with the company's business units to identify technology needs and address them with innovative and affordable solutions.
In addition to commercial jets, Boeing manufactures C-17, F-15, FA-18 jets for the military and AH-64D attack helicopters.
The company was founded in 1916 in Puget Sound, WA. The company moved its headquarters location from Washington state to Chicago in 2001.
Boeing had revenues of $66.4 billion in 2007, a 7% increase, and net income of $4.1 billion.
The company lost a key contract to build new tankers for the Air Force to Northrop Grumman and Europe's Airbus.
Benefits
Boeing offers health, dental, and life insurance as well as prescription drug coverage. Most employees celebrate 12 holidays per year. Employees earn 8 hours of sick leave each month, up to 80 hours per year. At the end of each year, 50% of unused sick leave can be saved for future use.
Nonunion and nonexecutive employees are eligible for up to 20 days of bonus pay each year if the company meets or exceeds profit targets. Boeing also offers special awards of stock and cash payments to exceptional employees.
Boeing offers a pension plan that vests after 5 years of employment. A voluntary investment plan allows workers to contribute up to 8% of pay each year. Boeing matches 75% of the employee investment and this amount vests immediately.
Boeing provides on-the-job training as well as company health and fitness centers located at 25 sites around the country. Most of these health centers are open 24 hours per day, 7 days per week.
Updated April 11, 2008