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61-448: The Boeing New Large Airplane was one of several projects proposed by Boeing in the late 20th century as ways to compete with its rival Airbus . The Airbus A380 project began to be publicized in 1990 in order to try and turn the commercial aviation market away from the then very prevalent Boeing 747. Boeing sought to combat this and began working up designs for the NLA in the early 1990s, with

122-491: A corporate citizenship program centered on charitable contributions in five areas: education, health, human services , environment , the arts , culture, and civic engagement . In February 2012, Boeing Global Corporate Citizenship partnered with the Insight Labs to develop a new model for foundations to more effectively lead the sectors they serve. The company is a member of the U.S. Global Leadership Coalition ,

183-462: A Washington D.C.–based coalition of more than 400 major companies and NGOs that advocate a larger International Affairs Budget, which funds American diplomatic and development efforts abroad. A series of U.S. diplomatic cables show how U.S. diplomats and senior politicians intervene on behalf of Boeing to help boost the company's sales. In 2007 and 2008, the company benefited from over US$ 10 billion of long-term loan guarantees, helping finance

244-632: A conglomerate dubbed Ling-Temco-Vought (LTV). Vought Aeronautics and Vought Missiles and Space continued to develop and produce for the Air Force and Navy under the umbrella of LTV Aerospace. The first of two decades of reorganizations began in 1972 with the creation of Vought Systems by the merging of the Vought Missiles and Space and Aeronautics divisions. All of LTV Aerospace was renamed the Vought Corporation in 1976, but by 1983

305-672: A potential downgrade to junk status . On November 1, 2024, the IAM endorsed an improved contract offer which would see a 38% pay rise over four years, a $ 12,000 ratification bonus, and the reinstatement of an annual bonus scheme. On November 5, 2024, Boeing workers accepted the pay deal, ending a seven-week-long walk out. The company's three divisions are: Commercial Airplanes; Defense, Space & Security; and Global Services. In 2018 and 2019 , two Boeing 737 MAX narrow-body passenger airplanes crashed, leaving 346 people dead and no survivors. In response, aviation regulators and airlines around

366-518: A profit of US$ 9.7 billion, laying off 14,862 workers since 2008, and increasing executive pay by 31% to US$ 41.9 million in 2010 for its top five executives. Boeing has been accused of unethical practices (in violation of the Procurement Integrity Act ) while attempting to submit a revised bid to NASA for their lunar landing project. The firm has been criticized for supplying and profiting from wars , including

427-502: A projected service entry date of before 2000 in order to beat the Airbus A380. The goal of the NLA project was to create an airplane capable of traveling primarily long-haul routes and carrying vast amounts of passengers or cargo. At the time of design, ETOPS had not been introduced, and twinjet aircraft were not considered suitable for transpacific flights, so the NLA was designed with a four-jet layout (two on each wing), much like

488-572: A suburb of Washington, D.C. The company said that this decision was made in part to concentrate on its defense work with "proximity to our customers and stakeholders". After the January 2024 Alaska Airlines Flight 1282 and other incidents, one shareholder proposed relocating the corporate headquarters back to the Seattle area in hopes of getting engineering and quality control teams on-site access to key decision-makers. Boeing's board soundly dismissed

549-452: Is responsible for about 11% of greenhouse gases emitted by the U.S. transportation sector. Aviation's share of the greenhouse gas emissions was poised to grow, as air travel increases and ground vehicles use more alternative fuels like ethanol and biodiesel . Boeing estimates that biofuels could reduce flight-related greenhouse-gas emissions by 60 to 80%. The solution blends algae fuels with existing jet fuel . Boeing executives said

610-539: Is sustainable only as long as orders are good and delivery rates are increasing. From 2013 to 2019, Boeing spent over $ 60 billion on dividends and stock buybacks , twice as much as the development costs of the 787. In 2020, Boeing's second quarter revenue was $ 11.8 billion as a result of the pandemic slump. Due to higher sales in other divisions and an influx in deliveries of commercial jetliners in 2021, second quarter revenue increased by 44%, reaching nearly $ 17 billion. Revenues decreased 15 percent to $ 16.9 billion in

671-591: Is the fourth-largest defense contractor in the world based on 2022 revenue and is the largest exporter in the United States by dollar value. Boeing was founded by William E. Boeing in Seattle , Washington, on July 15, 1916. The present corporation is the result of the merger of Boeing with McDonnell Douglas on August 1, 1997. As of 2023, the Boeing Company's corporate headquarters is located in

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732-438: The "B&W" seaplane . In 1917, the organization was renamed Boeing Airplane Company, with William Boeing forming Boeing Airplane & Transport Corporation in 1928. In 1929, the company was renamed United Aircraft and Transport Corporation , followed by the acquisition of several aircraft makers such as Avion, Chance Vought , Sikorsky Aviation , Stearman Aircraft , Pratt & Whitney , and Hamilton Metalplane. In 1931,

793-804: The Crystal City neighborhood of Arlington County, Virginia . The company is organized into three primary divisions: Boeing Commercial Airplanes (BCA), Boeing Defense, Space & Security (BDS), and Boeing Global Services (BGS). In 2021, Boeing recorded $ 62.3   billion in sales. Boeing is ranked 54th on the Fortune 500 list (2020), and ranked 121st on the Fortune Global 500 list (2020). The Boeing Company started in 1916, when American lumber industrialist William E. Boeing founded Pacific Aero Products Company in Seattle, Washington. Shortly before doing so, he and Conrad Westervelt created

854-686: The F4U Corsair . Vought became independent again in 1954, and was purchased by Ling-Temco-Vought (LTV) in 1961. The company designed and produced a variety of planes and missiles throughout the Cold War . Vought was sold from LTV and owned in various degrees by the Carlyle Group and Northrop Grumman in the early 1990s. It was then fully bought by Carlyle, renamed Vought Aircraft Industries, with headquarters in Dallas , Texas . In June 2010,

915-875: The Israel-Gaza war (2023-present) , demonstrations sought to block shipments of weapons for the Israel Defense Forces at Boeing facilities in St. Charles, Missouri , Tukwila, Washington , and Gresham, Oregon . Students at Florida State University , University of Washington , Saint Louis University , University of Missouri–St. Louis , and Washington University in St. Louis called for their institutions to break partnerships with Boeing. Research estimates that Boeing has made between $ 50 billion to $ 100 billion in revenue from sales to Israel. In 2024, students on hunger strike at Brown University named Boeing among

976-583: The Simi Hills of eastern Ventura County in Southern California , had been contaminated by Rocketdyne with toxic and radioactive waste . Boeing agreed to a cleanup agreement with the EPA in 2017. Clean-up studies and lawsuits are in progress. On July 19, 2022, Boeing announced a renewed partnership with Mitsubishi to produce carbon-neutral and sustainable solutions. The airline industry

1037-485: The jatropha plant to see if it is a sustainable alternative to conventional fuel. A two-hour test flight using a 50–50 mixture of the new biofuel with Jet A-1 in a Rolls-Royce RB-211 engine of a 747–400 was completed on December 30, 2008. The engine was then removed to be studied to identify any differences between the Jatropha blend and regular Jet A1. No effects on performances were found. In 2008 and 2009, Boeing

1098-443: The 1990s is a stub . You can help Misplaced Pages by expanding it . Boeing The Boeing Company , or simply Boeing ( / ˈ b oʊ ɪ ŋ / ), is an American multinational corporation that designs, manufactures, and sells airplanes , rotorcraft , rockets , satellites , and missiles worldwide. The company also provides leasing and product support services. Boeing is among the largest global aerospace manufacturers ; it

1159-491: The 747 and the A380. It was designed to fly long-haul, high-demand flights such as Sydney to Dubai or London to New York , taking from 8 to 14 hours. With the goal of beating its competitors based on sheer passenger volume, the NLA design was to have included a full-length two deck configuration. This would have allowed for 600–1000 passengers (depending on airline and class seating configurations), about 50 more passengers than

1220-572: The A380 per configuration. However, after only a few years of working on the project, Boeing decided that the NLA model was unsustainable with the way the commercial aviation market was trending. Instead of larger, higher capacity aircraft with the ability to make long hub-to-hub routes in a single go, Boeing decided the future was in smaller, more direct flights. As a result, they cancelled the NLA project. Source: Seattle Post-Intelligencer Related development Aircraft of comparable role, configuration, and era This article on an aircraft of

1281-784: The Aerostructures Corp., owned by the Carlyle Group and based in Nashville, Tennessee , merged with Vought. Vought's Nashville site supplies wing components for Airbus A319 , A320 , A330 , and A340 . Boeing announced in July 2009 that it had agreed to acquire the North Charleston, South Carolina, facility of Vought Aircraft Industries, where Vought builds sections 47 and 48 of the aft fuselage for Boeing's 787 Dreamliner. Boeing agreed to pay $ 580 million for

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1342-601: The Boeing 737 MAX 9. The FAA announced on January 12 that it was expanding its scrutiny of Boeing, with a production audit of the 737 MAX 9. On February 6, the National Transportation Safety Board released a preliminary report indicating that four bolts used to secure the panel had been removed, and appeared not to have been replaced, at Boeing’s factory in Renton, Washington . In March 2024,

1403-661: The Carlyle Group sold Vought to the Triumph Group . In 1917, the Lewis and Vought Corporation was founded by Lewis, an early aviator, and Vought, a former chief engineer of the Wright Company . They sought to take advantage of the growing field of military and civilian aviation after World War I . Operations began in Astoria, New York ; in 1919, they moved to Long Island City, New York . After Lewis retired in 1922, it

1464-612: The Justice Department opened a criminal investigation into the Alaska Airlines blowout. In March 2024, CEO Dave Calhoun and board chairman Larry Kellner both announced they would be stepping down from their positions. In 2006, the UCLA Center for Environmental Risk Reduction released a study showing that Boeing's Santa Susana Field Laboratory , a site that was a former Rocketdyne test and development site in

1525-553: The McDonnell-Douglas civil aircraft business, and some defense patents were to be made available to competitors. In 2020, Quartz reported that after the merger there was a "clash of corporate cultures, where Boeing's engineers and McDonnell Douglas's bean-counters went head-to-head", which the latter won, and that this may have contributed to the events leading up to the 737 MAX crash crisis. Boeing's corporate headquarters moved from Seattle to Chicago in 2001. In 2018,

1586-597: The Navy in 1957; it was one of the Navy's first supersonic fighters and its last all-gun fighter. The same basic design was later heavily revised and shortened to produce Vought's A-7 Corsair II , a carrier-borne close-air-support and attack plane. Entering service in 1965, the Corsair II was heavily engaged in a close support and strike missions during the Vietnam War , beginning in 1967. The A-7 also participated in

1647-402: The U.S. invasion of Grenada in 1983; a punitive raid on Syrian missile sites in 1983; reprisal raids against Libya during Operation El Dorado Canyon in 1986; strikes against Iranian coastal platforms and naval forces during Operation Praying Mantis in 1988; support of the 1989 invasion of Panama; and throughout operations during Desert Storm in 1991. The A-7A, A-7B, A-7C and A-7E served with

1708-622: The US Navy while the A-7D was purchased by the US Air Force and Air National Guard. Two-seat models known as TA-7C/Es served with the U.S. Navy while the US Air Force purchased the TA-7K. The A-7 served in limited numbers with three foreign air forces, including Greece ( A-7H/TA-7H ), Portugal ( A-7P/TA-7P ) and Thailand (ex-USN A-7E/TA-7E). IN 1962, Vought was bought by James Ling , who formed

1769-597: The Vought company was again split along aeronautic and missile lines under LTV Aerospace and Defense. By the early 1980s, LTV was struggling, and Vought laid off many employees. In 1992, LTV sold Vought to Northrop and the Carlyle Group , each owning roughly half of the company. It sold the missile division to the Loral Corporation , part of Lockheed Martin Missiles and Fire Control . Northrop Grumman ,

1830-648: The XF4U, recognized by its distinctive inverted gull wings . After its first flight, in 1940, thousands of F4U Corsairs were produced for the Navy and Marines in World War II . By the end of its production in 1952, Vought, Goodyear , and Brewster had all produced the Corsair fighters. Vought was reestablished as a separate division in United Aircraft in 1942. In postwar 1949, Vought moved operations to

1891-453: The airplane was malfunctioning, and ultimately plummeted nose-down to the ground at terrifying speed". While the investigations into the crashes of the 737 MAX were proceeding, the Boeing 777X , the company's largest capacity twin jet and the largest ever built, made its maiden flight on January 25, 2020, but also experienced problems. Following an incident during flight testing in 2021,

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1952-442: The attempt. In February 2023, Boeing announced plans for laying off approximately 2,000 of its workers from finances and human resources. In May 2023, Boeing acquired autonomous eVTOL air taxi startup Wisk Aero . In June 2024, Boeing agreed to re-acquire Spirit AeroSystems , its longtime supplier of airplane parts, which had been established in 2005 when Boeing spun-off its Wichita division to an investment firm. The deal

2013-746: The company moved its operations to East Hartford, Connecticut . Under the Air Mail Act of 1934, United Aircraft and Transportation Corp. was forced by law to divide its businesses, resulting in Boeing Aircraft, United Airlines , and the United Aircraft Corp, of which Vought was a part. In 1939, United Aircraft moved Vought to Stratford, Connecticut , where it merged with the Sikorsky division to become Vought-Sikorsky Aircraft. Chief engineer Rex Beisel began in 1938 to develop

2074-567: The company opened its first factory in Europe at Sheffield , UK, reinforced by a research partnership with the University of Sheffield . In May 2020, the company cut over 12,000 jobs due to the drop in air travel during the COVID-19 pandemic with plans for a total 10% cut of its workforce or approximately 16,000 positions. In July 2020, Boeing reported a loss of $ 2.4 billion as a result of

2135-568: The company was collaborating with Brazilian biofuels maker Tecbio , Aquaflow Bionomic of New Zealand, and other fuel developers around the world. As of 2007, Boeing had tested six fuels from these companies, and expected to test 20 fuels "by the time we're done evaluating them". Boeing also joined other aviation-related members in the Algal Biomass Organization (ABO) in June 2008. Air New Zealand and Boeing are researching

2196-419: The company's hiding of information from the safety regulators: a criminal monetary penalty of $ 243.6 million, $ 1.77 billion of damages to airline customers, and a $ 500 million crash-victim beneficiaries fund. In September 2022, Boeing was ordered to pay a further $ 200 million over charges of misleading investors about safety issues related to these crashes. In March 2023, Boeing disputed in court filings that

2257-408: The company. The average salary at Boeing was $ 76,784 in 2011, as reported by former employees. In 2022, Rory Kennedy made a documentary film, Downfall: The Case Against Boeing , streamed by Netflix . She said about the 21st-century history of Boeing "There were many decades when Boeing did extraordinary things by focusing on excellence and safety and ingenuity. Those three virtues were seen as

2318-515: The crashes through a disintegration of workplace morale . In June 2020, the Federal Aviation Administration found several 737 MAX defects that Boeing deferred to fix, in violation of regulations . In September 2020, the U.S. House of Representatives concluded its own investigation and cited numerous instances where Boeing dismissed employee concerns with a 737 MAX flight stabilizing feature ( MCAS ) that caused

2379-418: The estimated first delivery of the aircraft was delayed until 2024. After further technical problems were discovered in the aircraft in 2022, the release was delayed again until 2025, six years after the original date. On January 5, 2024, on Alaska Airlines Flight 1282 , a door plug blowout occurred on a 737 MAX 9 jetliner after the plane had reached just over 16,000 feet, leaving a door-sized hole in

2440-441: The first time since 2008. On October 12, 2024, the company announced plans to cut 17,000 jobs, about 10% of its global workforce, "to align with our financial reality". It would also delay the first deliveries of its 777X airliner by a year and recorded $ 5 billion in losses in the third quarter of the year. On October 28, Boeing initiated a significant share sale, valued at nearly $ 19 billion, to address cash-flow issues and avoid

2501-541: The former North American Aviation "B" plant in Dallas, Texas . The move was pushed by the Navy, who believed that having both of its main aircraft suppliers on the East Coast was an unnecessary risk. Vought moved 27 million pounds of equipment and 1,300 employees in 14 months, a record-breaking industrial move at the time. In 1954, the company separated from United Aircraft and became the independent Chance Vought Aircraft Inc. Vought began making its F-8 Crusader for

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2562-487: The fuselage and the aircraft made an emergency landing at Portland International Airport successfully with several people onboard injured, although all had subsequently been "medically cleared". The FAA mandated immediate inspections of all 737 MAX 9s fitted with door plugs, thereby grounding 171 aircraft. United Airlines found loose bolts on jets grounded by the FAA, raising questions about possible systemic problems with

2623-453: The group merged its four smaller airlines into United Airlines . In 1934, aircraft manufacturing was required to be separate from air transportation. Therefore, Boeing Airplane Company became one of three major groups to arise from the dissolution of United Aircraft and Transport; the other two entities were United Aircraft (later United Technologies ) and United Airlines. In 1960, the company bought Vertol Aircraft Corporation , which at

2684-461: The highest-ever tax breaks at the state level in 2013. Boeing's spent US$ 16.9 million on lobbying expenditures in 2009. In the 2008 presidential election , Barack Obama "was by far the biggest recipient of campaign contributions from Boeing employees and executives, hauling in US$ 197,000 – five times as much as John McCain , and more than the top eight Republicans combined". Boeing has

2745-476: The key to profit. It could work, and beautifully. And then they were taken over by a group that decided Wall Street was the end-all, be-all." Vought Vought was the name of several related American aerospace firms. These have included, in the past, Lewis and Vought Corporation , Chance Vought , Vought-Sikorsky , LTV Aerospace (part of Ling-Temco-Vought ), Vought Aircraft Companies , and Vought Aircraft Industries . The first incarnation of Vought

2806-632: The lines of Pratt & Whitney and Boeing . Vought died from sepsis in 1930, having seen his company produce a variety of fighters , trainers , flying boats , and surveillance aircraft for the United States Navy and the United States Army Air Service . Despite the Great Depression , Vought continued to design and manufacture aircraft at a growing pace. Soon after Chance Vought's death in 1930,

2867-752: The list of corporations to divest from. Five protesters in solidarity with the Palestinian cause were arrested on felony charges after blocking entrances to a Boeing facility in Heath, Ohio . The student union at Washington University in St. Louis passed a resolution calling on the university to divest from Boeing. The key trends of Boeing are (as at the financial year ending December 31): Between 2010 and 2018, Boeing increased its operating cash flow from $ 3 to $ 15.3   billion, sustaining its share price, by negotiating advance payments from customers and delaying payments to its suppliers. This strategy

2928-506: The pandemic and the Boeing 737 MAX groundings , and that it was in response planning to make more job and production cuts. On August 18, 2020, CEO Dave Calhoun announced further job cuts; on October 28, 2020, nearly 30,000 employees were laid off, as the airplane manufacturer was increasingly losing money due to the COVID-19 pandemic. In May 2022, Boeing announced plans to move its global headquarters from Chicago to Arlington, Virginia ,

2989-630: The purchase of their commercial aircraft in countries including Brazil, Canada, Ireland, and the United Arab Emirates , from the Export-Import Bank of the United States , some 65% of the total loan guarantees the bank made in the period. In December 2011, the non-partisan organization Public Campaign criticized Boeing for spending US$ 52.29 million on lobbying and not paying taxes from 2008 to 2010, instead getting US$ 178 million in tax rebates , despite making

3050-508: The satellite segment of Hughes Electronics . In December 1996, Boeing announced its intention to merge with McDonnell Douglas , which, following regulatory approval, was completed on August 4, 1997. The delay was caused by objections from the European Commission , which ultimately placed three conditions on the merger: exclusivity agreements with three US airlines would be terminated, separate accounts would be maintained for

3111-519: The second quarter of 2024, compared to the same time period in 2023. The company's operating loss amounted to $ 1.39 billion and its net loss to $ 1.43 billion, while plane deliveries fell to 92 (from 136 in 2023). The company's employment totals are listed below. Approximately 1.5% of Boeing employees are in the Technical Fellowship program, a program through which Boeing's top engineers and scientists set technical direction for

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3172-532: The successor to Northrop and Grumman , bought the Carlyle Group's Vought interest for $ 130 million in 1994. In 2000, Carlyle Group established Vought Aircraft Industries, Inc. It is primarily an aerostructures subcontractor. Vought is heavily involved in the Boeing 747 , Boeing 787 aircraft as well as supplying parts for the F-22 Raptor and F-35 Lightning II and the V-22 Osprey . In July 2003,

3233-483: The time, was the biggest independent manufacturer of helicopters . During the 1960s and 1970s, the company diversified into industries such as outer space travel, marine craft, agriculture, energy production and transit systems. In 1995, Boeing partnered with Russian, Ukrainian, and Anglo-Norwegian organizations to create Sea Launch , a company providing commercial launch services sending satellites to geostationary orbit from floating platforms. In 2000, Boeing acquired

3294-451: The two fatal accidents, prioritized deadline and budget constraints over safety , and lacked transparency in disclosing essential information to the FAA. It further found that the assumption that simulator training would not be necessary had "diminished safety, minimized the value of pilot training , and inhibited technical design improvements". On January 7, 2021, Boeing settled to pay over $ 2.5 billion after being charged with fraud over

3355-492: The victims of Ethiopian Airlines Flight 302 (the 2019 crash) experienced any pain and suffering in the final six minutes as the plane was nosediving into the ground, citing "speed of sound" as a defence. Boeing's claim was described as "preposterous" by HuffPost : Passengers aboard the plane, the plaintiffs argued in court, "undeniably suffered horrific emotional distress, pain and suffering, and physical impact/injury while they endured extreme G-forces, braced for impact, knew

3416-493: The war in Yemen where its missiles were found to be used for indiscriminate attacks, killing many civilians. In 2017 Boeing signed a deal with Saudi Arabia which included Saudi Arabia buying military aircraft and guided missile systems. In 2023, it was reported that Boeing sent 1,000 small diameter bombs for the first week of Israeli air attacks on Gaza that were shipped from a US Air Force base by Israeli Air Force . During

3477-405: The world grounded all 737 MAX airliners. A total of 387 aircraft were grounded. Boeing's reputation, business, and financial rating suffered after the groundings, as Boeing's strategy, governance, and focus on profits and cost efficiency were questioned. In 2022, Netflix released an exposé, Downfall: The Case Against Boeing , claiming Boeing's corporate merger with McDonnell Douglas led to

3538-493: Was established by Chance M. Vought and Birdseye Lewis in 1917. In 1928, it was acquired by United Aircraft and Transport Corporation , which a few years later became United Aircraft Corporation ; this was the first of many reorganizations and buyouts. During the 1920s and 1930s, Vought Aircraft and Chance Vought specialized in carrier-based aircraft for the United States Navy , by far its biggest customer. Chance Vought produced thousands of planes during World War II , including

3599-616: Was initially discussed in March of the same year before being closed on June 30 at $ 4.7 billion. On September 12, 2024, a vote was held among Boeing machinist workers who are also members of the International Association of Machinists and Aerospace Workers (IAM) labor union, with 94.6% of participating members rejected a contract offer that the union's bargaining committee had endorsed, with 96% voting to strike. At 12:01 am on September 13, Boeing workers went on strike for

3660-813: Was renamed the Chance Vought Corporation. Vought made history in 1922 when the Vought VE-7 trainer made the first takeoff from the deck of the USS Langley , the first American aircraft carrier. Later came the VE-11 naval fighter and the Vought O2U Corsair , the first of the Corsair aircraft. In 1928, the company was acquired by the United Aircraft and Transport Corporation , but stayed its own separate division among

3721-420: Was second on the list of Top 100 US Federal Contractors , with contracts totaling US$ 22 billion and US$ 23 billion respectively. Between 1995 and early 2021, the company agreed to pay US$ 4.3 billion to settle 84 instances of misconduct, including US$ 615 million in 2006 in relation to illegal hiring of government officials and improper use of proprietary information. Boeing secured

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