Sector: Industrials|Industry: Aerospace & Defense|Market Cap: $126.76B|Employees: 171K
The Boeing Company is a leading global aerospace firm that designs, manufactures, and sells commercial airplanes, defense products, and space and security systems. Its primary revenue streams come from commercial aircraft sales, defense contracts, and global services. Boeing holds a strong market position due to its brand recognition, technological expertise, and global reach.
The Boeing Company designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems. It operates through three segments: Commercial Airplanes (BCA); Defense, Space & Security (BDS); and Global Services (BGS). BCA offers a family of commercial airplanes, including the 737, 767, 777, 787, and 777X. BDS focuses on manned and unmanned military aircraft and weapons systems, strategic defense and intelligence systems, and satellite systems. BGS provides services to commercial and defense customers worldwide, including supply chain, engineering, maintenance, and training. Boeing faces competition from Airbus in the commercial market and companies like Lockheed Martin, Northrop Grumman, and Raytheon Technologies in the defense market.
Boeing offers a wide range of aerospace products and services, categorized primarily under its three business segments:
Boeing operates through three reportable segments:
Boeing's strategy focuses on execution in its core businesses: BCA, BDS, and BGS. BCA aims to maintain leadership in commercial aviation. BDS seeks to capture next-generation defense programs and expand internationally. BGS aims to provide comprehensive and cost-competitive support services. Key priorities include improving production efficiency, addressing supply chain disruptions, and investing in new technologies. The company is also focused on returning the 737 MAX to service and achieving certification for the 777X.
Boeing operates in the highly competitive aerospace industry. Key trends include increasing demand for air travel, especially in emerging markets, and a focus on fuel efficiency and sustainability. Major competitors include Airbus in the commercial aircraft market and Lockheed Martin, Northrop Grumman, Raytheon Technologies, and SpaceX in the defense and space market. The services market is also competitive, with rivals offering similar maintenance, repair, and overhaul services.
(Generated from latest 10-K filing)