BOEING CORPORATIN The Boeing Company is an American multinational corporation that designs, manufactures, and sells fixed-wing aircraft, rotorcraft, rockets and satellites. It also provides leasing and product support services. Boeing is among the largest global aircraft manufacturers, is the second-largest aerospace & defense contractor in the world based on 2012 revenue and is the largest exporter in the United States by dollar value. Boeing stock is a component of the Dow Jones Industrial Average. The Boeing Companys corporate headquarters are located in Chicago and the company is led by Chairman and CEO James McNerney Boeing is organized into five primary divisions: Boeing Commercial Airplanes (BCA); Boeing Defense, Space & Security (BDS); Engineering, Operations & Technology; Boeing Capital; and Boeing Shared Services Group. In 2013, Boeing recorded $86.623 billion in sales, ranked 30th on the Fortune magazine Fortune 500 list (2013), ranked 95th on the Fortune Global 500 list (2013), and ranked 26th on the Worlds Most Admired Companies list (2013). In March 1910, William E. Boeing bought Heaths shipyard in Seattle on the Duwamish River, which later became his first airplane factory. Boeing was incorporated in Seattle by William Boeing, on July 15, 1916, as Pacific Aero Products Co.. Boeing was later incorporated in Delaware, the original Certificate of Incorporation was filed with the Secretary of State of Delaware on July 19, 1934. Boeing, who studied at Yale University, worked initially in the timber industry, where he became wealthy and learned about wooden structures. This knowledge proved invaluable in his subsequent design and assembly of airplanes. The company stayed in Seattle to take advantage of the local supply of spruce wood. William Boeing founded his company a few months after the June 15 maiden flight of one of the two B&W seaplanes built with the assistance of George Conrad Westervelt, a U.S. Navy engineer. Boeing and Westervelt decided to build the B&W seaplane after having flown in a Curtiss aircraft. Boeing bought a Glenn Martin Flying Birdcage seaplane (so called because of all the guy-wires holding it together) and was taught to fly by Glenn Martin himself. Boeing soon crashed the Birdcage and when Martin informed Boeing that replacement parts would not become available for months, Boeing realized he could build his own plane in that amount of time. He and his friend Cdr. G.C. Westervelt agreed to build a better airplane and soon produced the B&W Seaplane. This first Boeing airplane was assembled in a lakeside hangar located on the northeast shore of Seattles Lake Union. Many of Boeings early planes were seaplanes.
Posted on: Sat, 25 Oct 2014 17:35:51 +0000
Trending Topics
Recently Viewed Topics
© 2015