Boeing

T

he Boeing Company is the world’s largest manufacturer of airplanes and a leader in the manufacture of space vehicles, satellites, and defense equipment. Boeing’s headquarters are in Chicago, Illinois.

Industry Leader

The two main divisions of the company are Boeing Commercial Airplanes, based at Renton, Washington, and Boeing Integrated Defense Systems in St. Louis, Missouri. A key sector is the research
group, Phantom Works, which designs advanced aircraft. Phantom Works prod­ucts include the Bird of Prey stealth aircraft and the X-45 unmanned Combat Air Vehicle.

Boeing has grown into one of the world’s most powerful industrial giants. It has absorbed other airplane manufac­turers over the years, such as Stearman (1939), Vertol (1960), Rockwell (1996), and McDonnell Douglas (1997). Boeing has for many years been the biggest supplier of aircraft to the world’s commercial airlines. In the 2000s, how­ever, the company has been challenged as market leader by its European rival Airbus. Boeing ranks second in defense equipment, behind Lockheed Martin.