Boeing
June 7, 2011 – 3:32 pm
Company Profile: The Boeing Company offers commercial airlines, military aircraft, munitions, space systems, and computer services. The largest global aircraft manufacturer by revenue, The Boeing Company is known as one of the largest US exporters and has customers more than 90 countries worldwide. The company incorporated in July 15, 1916 by William Edward Boeing in Seattle, Washington. At present, Boeing headquarter is located in Chicago, Illinois.
On 1917, with the assistance of George Conrad Westervelt the company turned out to be ‘Boeing Airline Company’. The company manufactured first pressurized cabin transport aircraft in 1938 and it entered into the production of world’s first generation commercial jet craft in 1958. During 1970s, The Boeing Company faced a whole host of economic crises that mainly initiated with the Apollo Program. However, in 1983 the financial condition seems to be improving with assembling of 1000th 737 passenger airliners, advanced alterations in commercial aircrafts, airlines and air forces, increase in air traffic, development of new aircrafts such as single-aisle 757 and twin-aisle 767, participation into space program and development of several military projects and new generation short-range missiles.
There are two large divisions slotted in The Boeing Company – Boeing Commercial Airplanes and Integrated Defense System.
The headquarters of Boeing Commercial Airplanes (BCA) are located in Renton, WA, USA. It is respected as one of the leading commercial jetliner manufacturer around the world. The current production includes the name of the aircrafts 737, 747, 767, 777, BBJ and 787 Dreamliner. Boeing business jets, Boeing aircraft trading and Govt., military and VIP airplanes are commercial models currently not existing in the production list. The production commercial airliner is essentially environment-friendly. It is committed in producing cleaner fuels in addition to innovating aircraft with less-consumption of fuel. One of the premium aviation industry leaders, BCA is influencing important environmental improvements with its research and developmental investment such as noise reduction technology, alternative fuel, fuel cell demonstrator aircraft and OTD program. Air transport has a direct influence on overall economical development and capacity growth for a given region. It is estimated that 28,600 new airplanes will be supplied in the next 20 years of span. The quantity will cover nearly 80% of the total airplane service during 2026. Among all the countries, China plays a significant role in long-term growth in the area of domestic air travel with an average annual growth rate of 8.1%.
Market Value
Source: Boeing Current Market Outlook 2007
Source: Boeing Current Market Outlook 2007
Integrated Defense System (IDS) provides orbital express ability that incorporates the refueling, reconfiguring and repairing of satellites for both military and civilian sectors. It is a perfect blend of advanced technology and support for vital national security missions. Under IDS, Boeing also offers a great range of airlift and tanker production including advanced tanker, Air Force One, C-17 Globemaster III, C-32A Executive Transport and C-40A Navy Airlift Aircraft. The company also serves as a computer application provider in terms of producing different airspace and defense software such as Combat Survivor Evader Locator (CSEL), which is specifically used as equipment for battle communication networks. IDS also includes fighters and bombers, missile defense, missiles and weapons, rotorcraft, satellites, space station, surveillance and reconnaissance, integrated command control and unnamed aerial vehicles.