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.

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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.

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Boeing stock is included in the Dow Jones Industrial Average.

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

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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.

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

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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.

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

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

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

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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.

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

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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.

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

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

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

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

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

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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.

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

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

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

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

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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.

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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.

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