The Boeing Company is an American multinational aerospace and defense corporation. Founded in 1916 by William E. Boeing in Seattle, Washington, Boeing has expanded over the years, and merged with McDonnell Douglas in 1997. Its corporate headquarters were moved from Seattle to Chicago, Illinois, in 2001.Boeing is made up of multiple business units, which are Boeing Commercial Airplanes (BCA); Boeing Defense, Space & Security (BDS); Engineering, Operations & Technology; Boeing Capital; and Boeing Shared Services Group.Boeing is among the largest global aircraft manufacturers by revenue, orders and deliveries, and the third largest aerospace and defense contractor in the world based on defense-related revenue.The company is the largest exporter by value in the US,and its stock is a component of the Dow Jones Industrial Average.On November 17, 2011, it was reported that Lion Air has committed to ordering 201 Boeing 737MAX and 29 737-900ER airliners. This order, when finalized is worth $21.7 billion at list prices. This would be larger than any of Boeing's previous commercial aircraft sales. The deal includes options for a further 150 airliners.On January 5, 2012 Boeing announced plans to close its facilities in Wichita, Kansas with 2,160 workers before 2014, more than 80 years after it was established. Boeing had employed as many as 40,000 people there.President Obama visited Boeing's factory in Everett, Washington on February 17, 2012 to deliver a speech on his economic policy.For NASA's N+3 future airliner program, Boeing has determined that hybrid electric engine technology is by far the best choice for its subsonic design. Hybrid electric propulsion has the potential to shorten takeoff distance and reduce noise.
Net income $ 4.018 billion (2011)
Total assets $79.986 billion (2011)