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Boeing Net Worth Estimation
Boeing has an estimated net worth of $131.05 billion.
Boeing is an aerospace and defense company based in the US. The company engages in the research, manufacturing, and marketing of commercial jet aircraft. Moreover, the company also manufactures manned and unmanned military airplanes, rotorcraft, tankers, missile systems, airborne surveillance and monitoring systems.
How Much Money Does Boeing Make?
Boeing reported annual revenues of $58.158 billion in FY 2020.
The company sells defense, aircraft, and various other products and services to global customers. The main customers of the company include airline companies and governments.
How Does Boeing Make Money?
Boeing earns income from different sources. The key sources of income of the company include defense, space and security, commercial airplanes, and global services.
Income Source 1: Defense, Space, and Security
Boeing manufactures defense systems and military aircraft for governments. The company manufactures fighter jets, military weapon systems, surveillance, and mobility equipment. The US Department of defense is the top customer accounting for about 89 percent of revenues in the second quarter of FY 2021. Revenues from this segment amounted to $26.26 billion, or 45.1 percent of the total revenues in FY 2020.
In Q2 FY 2021, revenues from defense, space, and security amounted to $6.9 billion – an increase of 4.4 percent as compared to the same quarter last year.
Income Source 2: Commercial Airlines
Boeing manufactures and markets commercial aircraft for the airline industry. The company supplies aircraft to meet passenger and cargo transport requirements of global airline industries.
The segment suffered a reduction in income due to the grounding of Boeing 737 Max airplanes in March 2019. The plane was cleared to fly again in November 2020 after changes in software, plane design, and training manual.
Revenues from the commercial airline segment amounted to $16.16 billion, or 27.78 percent of the total revenues in FY 2020. In Q2 2021, the revenues from this segment were $6 billion – an increase of about 268.3 percent as compared to the same quarter the previous year.
Income Source 3: Global Services
Boeing earns income from its support services to the global defense and commercial customers. The company offers various types of services including logistical, financial, engineering, and supply chain support. In addition, the company also offers pilot training services, digital services, and data analytics.
Earnings from global services amounted to $15.5 billion in FY 2020, which represents 26.65 percent of total revenues.. In Q2 2021, revenues from this segment amounted to $4.1 billion – an increase of 16.6 percent as compared to the same quarter the previous year.
Boeing Company History & Recent Developments
Boeing is the largest aerospace company in the world that designs, manufactures, and sells aircraft. The company is also the second-largest US defense contractor after Lockheed Martin Corporation.
William Boeing founded the airline manufacturing company in Seattle, Washington in 1916 registering it as ‘Pacific Aero Products Co’. He renamed the company to Boeing Airplane Company one year after its inception.
The company initially manufactured military aircraft Model C for the US Navy. It started manufacturing commercial planes after the end of World War I. Boeing B-1 was the first commercial airplane that was manufactured in 1919.
In the 1960s, Boeing started manufacturing turbine engines. The company launched the 737 in 1967 that became the best-selling commercial aircraft of the company.
Boeing bought the defense and aerospace company, Rockwell, in 1996. In 1997, it merged with another aerospace manufacturing company McDonnell Douglas. The corporate headquarter of the company was shifted to Chicago, Illinois in 2001.
Boeing had announced in September 2021 that it plans to build a 300,000 square feet manufacturing facility in Illinois. The facility is expected to be completed by 2021. The company plans to build the latest unmanned carrier-based aircraft for the US Navy in the facility. 
Boeing’s best selling aircraft is the Boeing 737 that has been in production since 1967
Boeing faced worldwide criticisms for the faulty flight control software of 737 Max that contributed to two crashes: one in Indonesia on 29th October 2018 and the other in Ethiopia on 10 March 2019. The crashes had resulted in the deaths of a total of 346 individuals.
Boeing agreed to pay $500 million to the families of the victims killed in the two 737 Max crashes. Each affected family was entitled to about $1.45 million.
The company also paid a fine of $234.6 million to the US Department of Justice and compensation of $1.77 billion to airline companies for conspiracy and fraud charges over the design of the aircraft.
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Boeing Company Facts
|The Boeing Company
|Source of Wealth
|defense contracts, commercial airplanes, space and security, global services, and capital financing
|Date of Incorporation
|15th July 1916
|Place of Incorporation
|William E. Boeing
|Number of Employees
Frequently Asked Questions About Boeing
Who owns Boeing?
Boeing is a public limited company. Major shareholders of the company include Leanne G. Caret, Timothy J. Keating, Theodore Colbert, New Port Trust Co., BlackRock Inc., and Vanguard Group Inc.
Who makes engines for Boeing?
Boeing had entered into a joint venture with Safran to produce jet engines. The engines of some aircrafts such as the Boeing 737 is made by CFM International, which is a joint venture between Safran and GE.
What is Boeing’s biggest plane?
Boeing 777-9 is the largest and longest commercial airplane in the world. The 251-foot plane can carry up to 425 passengers.