27 Facts About Boeing

Boeing Company is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide.

Boeing is among the largest global aerospace manufacturers; it is the third-largest defense contractor in the world based on 2020 revenue, and is the largest exporter in the United States by dollar value.

Boeing stock is included in the Dow Jones Industrial Average.

Boeing was founded by William Boeing in Seattle, Washington, on July 15, 1916.

Boeing is ranked 54th on the Fortune magazine "Fortune 500" list, and ranked 121st on the "Fortune Global 500" list.

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In September 2022, Boeing was ordered to pay $200m over charges of misleading investors about safety issues related to those two fatal crashes.

Boeing Company was started in 1916, when American lumber industrialist William E Boeing founded Aero Products Company in Seattle, Washington.

In 1995, Boeing partnered with Russian, Ukrainian and Anglo-Norwegian organizations to create Sea Launch, a company providing commercial launch services sending satellites to geostationary orbit from floating platforms.

In 2000, Boeing acquired the satellite segment of Hughes Electronics.

In December 1996, Boeing announced its intention to merge with McDonnell Douglas and, following regulatory approval, this was completed on August 4, 1997.

In 2018, Boeing opened its first factory in Europe at Sheffield, UK, reinforced by a research partnership with The University of Sheffield.

In May 2022, Boeing announced plans to move its global headquarters from Chicago to Arlington, Virginia, a suburb of Washington, D C The company said that this decision was made in part due to the region's "proximity to our customers and stakeholders, and its access to world-class engineering and technical talent.

Boeing Capital provides customers financing for the products and services from the company's other divisions.

In 2006, the UCLA Center for Environmental Risk Reduction released a study showing that Boeing's Santa Susana Field Laboratory, a site that was a former Rocketdyne test and development site in the Simi Hills of eastern Ventura County in Southern California, had been contaminated by Rocketdyne with toxic and radioactive waste.

Boeing agreed to a cleanup agreement with the EPA in 2017.

On July 19, 2022, Boeing announced a renewed partnership with Mitsubishi to innovate carbon-neutral and sustainable solutions.

Boeing executives said the company was collaborating with Brazilian biofuels maker Tecbio, Aquaflow Bionomic of New Zealand, and other fuel developers around the world.

Boeing joined other aviation-related members in the Algal Biomass Organization in June 2008.

Air New Zealand and Boeing are researching the jatropha plant to see if it is a sustainable alternative to conventional fuel.

NASA's N+3 future airliner program, Boeing has determined that hybrid electric engine technology is by far the best choice for its subsonic design.

Boeing created a team to study electric propulsion in future generation of subsonic commercial aircraft.

Boeing secured the highest ever tax breaks at the state level in 2013.

Boeing has a corporate citizenship program centered on charitable contributions in five areas: education, health, human services, environment, the arts, culture, and civic engagement.

Boeing has been accused of unethical practices while attempting to submit a revised bid to NASA for their lunar landing project.

Boeing's shares traded at over $209 per share, and its market capitalization was valued at over 206.

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From 2013 to 2019, Boeing spent over $60 billion on dividends and stock buybacks, twice as much as the development costs of the 787.

On May 5, 2022, Boeing announced that it would be moving its headquarters from Chicago to Arlington, Virginia in the Washington, D C metropolitan area.