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Boeing
Headquarters:
100 N. Riverside
Chicago, IL 60606
Employees: 162,200
CEO: James Bell
Stock Symbol: BA
Website: http://www.boeing.com
If you've ever flown on an airplane, chances are it was made by Boeing. Boeing is the world's largest makers of airplanes for commercial airlines and the military. It also builds helicopters, satellites and defense systems.
The company developed 375 commercial airplanes in 2008, down from 441 in 2007. A machinists' strike in late 2008 affected delivery of aircraft.
Boeing is currently developing a new commercial plane called the 787 Dreamliner. It is a fuel-efficient jet that can carry approximately 217 passengers about 8,500 miles without refueling. The 787 program has won 895 net orders from 58 customers to date. Boeing has announced several delays due to manufacturing problems and the 787 won't begin delivering until 2010-2011.
Boeing employed 159,313 people at the end of 2007, with major operations in the Puget Sound area of Washington State, southern California and St. Louis. More than 83,800 employees hold college degrees--including nearly 29,000 advanced degrees--in virtually every business and technical field from approximately 2,800 colleges and universities worldwide.
Boeing is organized into four major business units: Boeing Capital Corporation, Boeing Commercial Airplanes, Connexion by Boeing, and Boeing Integrated Defense Systems. Supporting these units is the Boeing Shared Services Group, which contributes common services and efficient infrastructure services that enable the company's business units to concentrate on profitable growth.
In addition, Phantom Works provides advanced research and development, including advanced concepts for air traffic management. Phantom Works partners with the company's business units to identify technology needs and address them with innovative and affordable solutions.
In addition to commercial jets, Boeing manufactures C-17, F-15, FA-18 jets for the military and AH-64D attack helicopters.
The company was founded in 1916 in Puget Sound, WA. The company moved its headquarters location from Washington state to Chicago in 2001.
Boeing had revenues of $60.9 billion in 2008, down from $66.4 billion in 2007, and net income of $2.7 billion.
The company said it would layoff up to 10,000 workers due to order cancellations because of the weak economy.
| Employment at Boeing by Group | Jan. 31, 2009 |
|---|---|
| Integrated Defense Systems | 70,149 |
| Commercial Airplanes | 67,607 |
| Engineering, Operations & Technology | 12,338 |
| Finance & Shared Services | 9,827 |
| HR & Administration | 1,053 |
| Corporate | 1,178 |
| Total Company | 162,152 |
| Employment By Location | Jan. 31, 2009 |
|---|---|
| Alabama | 3,197 |
| Arizona | 4,740 |
| California | 26,257 |
| Kansas | 2,865 |
| Missouri | 15,659 |
| Pennsylvania | 5,548 |
| Texas | 5,577 |
| Washington | 76,304 |
| Other Locations | 22,005 |
| Total Company | 162,152 |
Numbers include subsidiaries and contingent labor
Benefits
Boeing offers health, dental, and life insurance as well as prescription drug coverage. Most employees celebrate 12 holidays per year. Employees earn 8 hours of sick leave each month, up to 80 hours per year. At the end of each year, 50% of unused sick leave can be saved for future use.
Nonunion and nonexecutive employees are eligible for up to 20 days of bonus pay each year if the company meets or exceeds profit targets. Boeing also offers special awards of stock and cash payments to exceptional employees.
Boeing offers a pension plan that vests after 5 years of employment. A voluntary investment plan allows workers to contribute up to 8% of pay each year. Boeing matches 75% of the employee investment and this amount vests immediately.
Boeing provides on-the-job training as well as company health and fitness centers located at 25 sites around the country. Most of these health centers are open 24 hours per day, 7 days per week.
Updated February 4, 2009