Boeing is a multinational corporation that designs, manufactures, and sells aircraft, rockets, satellites, and missiles. It's a major global aerospace manufacturer, the fourth-largest defense contractor globally (based on 2022 revenue), and the largest exporter in the U.S. Founded by William E. Boeing in 1916, the company evolved through a merger with McDonnell Douglas in 1997, solidifying its position in the aerospace and defense industries. Boeing provides related services such as leasing and product support.
On July 15, 1916, William E. Boeing founded the Boeing Company, initially named Pacific Aero Products Company, in Seattle, Washington.
In 1916, William E. Boeing founded the Pacific Aero Products Company in Seattle, Washington.
In 1917, the organization was renamed Boeing Airplane Company.
In 1928, William Boeing formed the Boeing Airplane & Transport Corporation.
In 1929, the company was renamed United Aircraft and Transport Corporation, followed by the acquisition of several aircraft makers.
In 1931, the group merged its four smaller airlines into United Airlines.
In 1934, aircraft manufacturing was required to be separate from air transportation, leading to the creation of Boeing Airplane Company, United Aircraft, and United Airlines.
In 1960, Boeing bought Vertol Aircraft Corporation, the biggest independent manufacturer of helicopters at the time.
In 1995, Boeing partnered with Russian, Ukrainian, and Anglo-Norwegian organizations to create Sea Launch, a company providing commercial launch services.
In December 1996, Boeing announced its intention to merge with McDonnell Douglas.
On August 1, 1997, Boeing merged with McDonnell Douglas, forming the present corporation.
On August 4, 1997, the merger between Boeing and McDonnell Douglas was completed, subject to conditions from the European Commission.
In 2000, Boeing acquired the satellite segment of Hughes Electronics.
In 2005, Spirit AeroSystems was established when Boeing spun-off its Wichita division to an investment firm.
In 2006, Boeing agreed to pay US$615 million to settle issues relating to illegal hiring of government officials and improper use of proprietary information.
In 2006, the UCLA Center for Environmental Risk Reduction released a study showing that Boeing's Santa Susana Field Laboratory had been contaminated by Rocketdyne with toxic and radioactive waste.
As of 2007, Boeing had tested six fuels from companies such as Tecbio and Aquaflow Bionomic, and expected to test 20 fuels in total.
In June 2008, Boeing joined other aviation-related members in the Algal Biomass Organization (ABO).
On December 30, 2008, a two-hour test flight was completed using a 50–50 mixture of biofuel and Jet A-1 in a Rolls-Royce RB-211 engine of a 747–400. The engine was then studied to identify any differences between the Jatropha blend and regular Jet A1, and no effects on performance were found.
In 2008, Boeing benefited from over US$10 billion of long-term loan guarantees to help finance the purchase of their commercial aircraft.
In 2008, Boeing was second on the list of Top 100 US Federal Contractors, with contracts totaling US$22 billion.
In the 2008 presidential election, Barack Obama received US$197,000 in campaign contributions from Boeing employees and executives.
Since 2008, Boeing laid off 14,862 workers.
The 2024 strike was the first strike from Boeing workers since 2008.
From 2009 through 2022, research has estimated Boeing made between $50 billion to $100 billion in revenue via Israeli weapons contracts.
In 2009, Boeing spent US$16.9 million on lobbying expenditures.
In 2009, Boeing was second on the list of Top 100 US Federal Contractors, with contracts totaling US$23 billion.
Between 2010 and 2018, Boeing increased its operating cash flow from $3 to $15.3 billion by negotiating advance payments and delaying payments to suppliers.
In 2010, Boeing increased executive pay by 31% to US$41.9 million for its top five executives.
In December 2011, Public Campaign criticized Boeing for spending US$52.29 million on lobbying and not paying taxes from 2008 to 2010, despite making a profit of US$9.7 billion.
In 2011, the average salary at Boeing was $76,784.
In February 2012, Boeing Global Corporate Citizenship partnered with the Insight Labs to develop a new model for foundations.
From 2013 to 2019, Boeing spent over $60 billion on dividends and stock buybacks.
In 2013, Boeing secured the highest-ever tax breaks at the state level.
In 2017, Boeing agreed to a cleanup agreement with the EPA regarding the contamination at the Santa Susana Field Laboratory.
In 2017, Boeing signed a deal with Saudi Arabia which included the sale of military aircraft and guided missile systems.
Between 2010 and 2018, Boeing increased its operating cash flow from $3 to $15.3 billion by negotiating advance payments and delaying payments to suppliers.
In 2018, Boeing opened its first factory in Europe, located in Sheffield, UK, along with a research partnership with the University of Sheffield.
In 2018, a Boeing 737 MAX narrow-body passenger airplane crashed, resulting in fatalities. This event marked the beginning of the 737 MAX crisis.
In October 2019, Boeing separated the roles of chair of the board and CEO.
From 2013 to 2019, Boeing spent over $60 billion on dividends and stock buybacks.
In 2019, Ethiopian Airlines Flight 302 crashed.
In 2019, a second Boeing 737 MAX crashed, leading to the worldwide grounding of all 737 MAX airliners by aviation regulators and airlines.
On January 25, 2020, the Boeing 777X, the company's largest capacity twin jet, made its maiden flight but also experienced problems.
In May 2020, Boeing cut over 12,000 jobs due to the drop in air travel during the COVID-19 pandemic.
In June 2020, the Federal Aviation Administration (FAA) found several 737 MAX defects that Boeing deferred to fix, violating regulations.
In July 2020, Boeing reported a $2.4 billion loss due to the pandemic and the Boeing 737 MAX groundings, leading to more job and production cuts.
On August 18, 2020, CEO Dave Calhoun announced further job cuts at Boeing.
In September 2020, the U.S. House of Representatives concluded its investigation and cited numerous instances where Boeing dismissed employee concerns, prioritized deadlines over safety, and lacked transparency regarding the 737 MAX.
On October 28, 2020, nearly 30,000 employees were laid off as Boeing continued to lose money due to the COVID-19 pandemic.
In 2020, Boeing was ranked 54th on the Fortune 500 list and 121st on the Fortune Global 500 list.
In 2020, Boeing's second quarter revenue was $11.8 billion due to the pandemic slump.
In 2020, it was reported that after the Boeing and McDonnell Douglas merger, a clash of corporate cultures led to a focus on cost-cutting over engineering, potentially contributing to the 737 MAX crisis.
On January 7, 2021, Boeing settled to pay over $2.5 billion after being charged with fraud for hiding information from safety regulators regarding the 737 MAX.
Following an incident during flight testing in 2021, the estimated first delivery of the Boeing 777X was delayed until 2024.
In 2021, Boeing recorded $62.3 billion in sales.
In 2021, Boeing's second quarter revenue increased by 44%, reaching nearly $17 billion due to higher sales and an influx in deliveries of commercial jetliners.
On July 19, 2022, Boeing announced a renewed partnership with Mitsubishi to produce carbon-neutral and sustainable solutions.
In September 2022, Boeing was ordered to pay a further $200 million over charges of misleading investors about safety issues related to the 737 MAX crashes.
As of 2022, Boeing is headed by a President who also serves as the chief executive officer.
From 2009 through 2022, research has estimated Boeing made between $50 billion to $100 billion in revenue via Israeli weapons contracts.
In 2022, Boeing was ranked as the fourth-largest defense contractor in the world based on revenue.
In 2022, Netflix released "Downfall: The Case Against Boeing", an exposé claiming the Boeing corporate merger with McDonnell Douglas led to the 737 MAX crashes through a disintegration of workplace morale.
In 2022, after further technical problems were discovered in the aircraft, the release of the Boeing 777X was delayed again until 2025.
In February 2023, Boeing announced plans for laying off approximately 2,000 of its workers from finances and human resources.
In March 2023, Boeing disputed in court filings that the victims of Ethiopian Airlines Flight 302 (2019 crash) experienced any pain and suffering during the final moments of the 737 MAX crash.
In May 2023, Boeing acquired autonomous eVTOL air taxi startup Wisk Aero.
As of 2023, the Boeing Company's corporate headquarters is located in the Crystal City neighborhood of Arlington County, Virginia.
In 2023, Boeing sent 1,000 small diameter bombs for the first week of Israeli air attacks on Gaza. Boeing's stock prices soared, while demonstrations occurred at Boeing facilities due to violations of international humanitarian law by Israel. Students called for their institutions to break partnerships with Boeing.
In the second quarter of 2024, Boeing's revenues decreased 15 percent to $16.9 billion compared to the same time period in 2023. Plane deliveries also fell to 92 from 136 in 2023.
On January 5, 2024, on Alaska Airlines Flight 1282, a door plug blowout occurred on a 737 MAX 9 jetliner, leading to an emergency landing and the grounding of 171 aircraft.
After the January 2024 Alaska Airlines Flight 1282 incident, a shareholder proposed relocating the corporate headquarters back to the Seattle area, but the board dismissed the attempt.
In March 2024, the Justice Department opened a criminal investigation into the Alaska Airlines blowout. Also in March 2024, CEO Dave Calhoun and board chairman Larry Kellner both announced they would be stepping down from their positions.
In June 2024, Boeing agreed to re-acquire Spirit AeroSystems, its longtime supplier of airplane parts, for $4.7 billion, with the deal being closed on June 30.
In July 2024, Boeing announced a new CEO, Kelly Ortberg.
On August 8, 2024, Boeing's new CEO, Kelly Ortberg, met with FAA Administrator Michael Whitaker to discuss the company's future direction.
On September 12, 2024, Boeing machinist workers, members of the IAM labor union, overwhelmingly rejected a contract offer and voted to strike.
On October 12, 2024, Boeing announced plans to cut 17,000 jobs, delay the first deliveries of its 777X airliner by a year, and recorded $5 billion in losses in the third quarter.
On November 1, 2024, the IAM endorsed an improved contract offer which included a 38% pay rise, a $12,000 ratification bonus, and the reinstatement of an annual bonus scheme.
On November 5, 2024, Boeing workers accepted the pay deal, ending a seven-week-long walk out.
Following an incident during flight testing in 2021, the estimated first delivery of the Boeing 777X was delayed until 2024.
In 2024, Boeing delivered just 348 aircraft to its customers, its lowest output since the COVID-19 pandemic, ending the year with a backlog of 5,595 unfilled orders.
In 2024, students on hunger strike at Brown University named Boeing among the list of corporations to divest from. Protesters were arrested after blocking entrances to a Boeing facility in Heath, Ohio, and the student union at Washington University in St. Louis passed a resolution calling on the university to divest from Boeing.
In the second quarter of 2024, Boeing's revenues decreased 15 percent to $16.9 billion compared to the same time period in 2023. Plane deliveries also fell to 92 from 136 in 2023.
In March 2025, Boeing was awarded a contract to build the U.S. Air Force's most sophisticated fighter, known as Next Generation Air Dominance, in a contract worth more than $20 billion.
In 2022, after further technical problems were discovered in the aircraft, the release of the Boeing 777X was delayed again until 2025.
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