The Boeing Company
The Boeing Company began as Pacific Aero Products Company and was incorporated July 15, 1916 in Seattle, Washington by the founder, William E. Boeing. Over the years, the company has grown into one of the top two manufacturers of commercial jets. (The Airbus, produced by European Aeronautic Defense and Space Company is currently in the number one position.) The Boeing Company produced the first modern airliner, the Boeing 247 in 1933. Five years later, the innovative company led the world in aeronautics development by introducing the first pressurized cabin capable of flying above rough weather at an altitude of 20,000 feet. The Model 307 Stratoliner which was not only the first four-engine airliner in domestic service but it also set new standards for speed and comfort. Boeing built ten Stratoliners but production stopped at the onset of WWII and five of these Stratoliners were drafted into the Army Transport Command.
Boeing and the US Department of Defense have kept close ties. Headquartered in St. Louis, Boeing Defense, Space and Security is a $34 billion dollar business with 68,000 employees worldwide. The DoD is responsible for 80% of current revenues for Boeing Defense Space. Boeing combines sophisticated communications networks with air, land, sea, and space-based platforms for the military. The most recent press release touts the Boeing NewGen Tanker, a widebody, multi-mission aerial refueling aircraft modeled after the commercial Boeing 767. The NewGen Tanker promises to be environmentally and tax friendly by burning 24% less fuel. If this contract is accepted by the US Air Force, it could mean the addition of 4,500 jobs and $233 million dollars to the state of California. Boeing’s closest competitor in defense sales is Lockheed Martin who relies on the US government for 85% of their sales.
With a nod toward the environment and alternatives to fossil-based jet fuels, Boeing Research and Technology recently joined forces with PetroChina in an agreement to evaluate a sustainable biofuel industry. This will include a laboratory focused on a renewable algae biomass which can be harvested and processed from seed to jet fuel. The project will analyze all phases of sustainable aviation biofuel development including agronomy, energy inputs and outputs, lifecycle emissions analysis that will not distort the global food-chain, compete with fresh water resources or lead to unintended land use change.
Exceptional performance and a suite of new technologies is Boeing’s newest commercial offering with the launch of the 787 Dreamliner. The airplane uses 20% less fuel than similarly sized airplanes, has more cargo capacity, and 50% of the primary structure will be made of composite material which translates into the elimination of 1,500 aluminum sheets and approximately 50,000 fasteners. Passengers will benefit from an interior environment with higher humidity. The airplane is expected to accommodate 250 passengers at a speed of Mach 0.85.
Since it’s inception in 1916, new technologies and processes have been utilized by Boeing to help achieve unprecedented levels of performance at every phase of development.
Boeing Company. The Boeing Company. The Company, 1979
“The Boeing Company.” 21 April 2010. Corporate Information Snapshots. http://www.corporateinformation.com/Company-Snapshot.
“Boeing 787 Dreamliner Will Provide New Solutions for Airlines, Passengers.” http://www.Boeing.com.
“Boeing and Chinese Energy Officials Announce Sustainable Biofuel Initiatives.” 27 May 2010. PRNewsWire News Releases http://www.prnewswire.com/news- releases/boeing-and-chinese-energy-officials-announce-sustainable-biofuel- initiatives-95007509.html
“Boeing NewGen Tanker Win Would Bring 4,500 Jobs, $233 Million to California.” 27 May 2010. PRNewsWire United Business Media. http://www.prnewswire.com/news-releases/boeing-newgen-tanker-win-would- bring-4500-jobs-233-million-to-california-95036539.html