BOEING CO (BA)

The Boeing Company is one of the world's major aerospace firms. Together with its subsidiaries, it is organized around the products and services it offers and reports in three segments: Commercial Airplanes (BCA), Defense, Space & Security (BDS), and Global Services (BGS). Boeing was incorporated in Washington State in 1916 and reincorporated in Delaware in 1934.

Commercial Airplanes develops, produces and markets commercial jet aircraft, principally to airlines worldwide. Its production family includes the 737 narrow-body and the 767, 777 and 787 wide-body models, and development continues on the 777X and the 737-7 and 737-10 derivatives. Defense, Space & Security researches, develops, produces and modifies manned and unmanned military aircraft and weapon systems, including fighter and trainer aircraft, rotorcraft and tilt-rotor aircraft, and commercial derivative aircraft such as anti-submarine and tanker aircraft. It also covers strategic missile and defense systems, command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR), cyber and information solutions, intelligence systems, and government and commercial satellites and space exploration. Global Services supports commercial and defense aerospace platforms with supply chain and logistics management, engineering, maintenance, modifications, upgrades and conversions, spare parts, pilot and maintenance training, technical documents, and digital solutions and analytics.

Customers include airlines and cargo operators worldwide, the U.S. government and other governments, and commercial and defense operators served by Global Services. The company works with U.S. agencies including all branches of the U.S. military, NASA, the FAA and the Department of Homeland Security, and with similar authorities abroad. Its businesses are heavily regulated. Commercial aircraft must meet FAA certification and oversight requirements, with similar rules elsewhere such as the European Union Aviation Safety Agency. Government contracts can be terminated for convenience or for default. Non-U.S. sales are subject to export controls, tariffs and currency and political risks. No material portion of the business is seasonal.

Boeing depends on suppliers and subcontractors for materials, parts and subassemblies. Key raw materials are aluminum, titanium and composites, and many major components are sole-sourced. It owns numerous patents and licenses intellectual property to and from third parties. At December 31, 2025, it had about 182,000 employees, roughly 14% outside the U.S. and about 72,000 of them union members, mainly under IAM, SPEEA and UAW agreements. Strikes in 2024 and 2025 disrupted production. BCA competes with Airbus and entrants from China. BDS competes with General Dynamics, Lockheed Martin, Northrop Grumman, RTX and SpaceX, and non-U.S. firms such as BAE Systems and Airbus. Global Services faces many of the same competitors. Headquarters are at 929 Long Bridge Drive, Arlington, Virginia.