Four Components of Business
Boeing and the Four Components of Business
Dwight N. Evans Jr.
Grantham University
BUSINESS
Boeing is the largest aerospace company in the world; as well as the leading manufacturer of commercial planes and defense and security systems. It has approximately 170,000 employees; located primarily at its headquarters in Renton, Washington. Additional U.S. offices are located in Los Angeles, California, along with international offices in Hong Kong and Moscow. (Boeing, 2011) Boeing is one of the country’s top exporters. They provide government and commercial airline support to 150 different countries. Their product line consists of satellites, weapons, commercial and military aircraft, electronic and defense systems, performance based logistics and training, launch systems, communication systems, and advanced information systems. The company is comprised of two business units, Boeing Commercial Airplanes and Boeing Defense, Space & Security. Supporting these units are Boeing Capital Corporation, a global provider of financing solutions; the Shared Services Group, which provides a broad range of services to Boeing worldwide; and Boeing Engineering, Operations & Technology, which helps develop, acquire, apply and protect innovative technologies and processes. (Boeing, 2011)
PROFIT
In 2010 Boeing performed exceptional well which led to near double digit operating margins in each business unit. (Boeing, 2011) They ended the year with the second highest earnings in company history; $3.3 billion net earnings. (Boeing, 2011) CNN Money has Boeing listed as #36 of the top 100 Fortune 500 companies for 2011. (Money, 2011) It sure didn’t hurt that Boeing just got a $30 billion contract to supply the U.S. Air Force with aircraft refuelers. Below I have included a chart of the company’s stock value:
BUSINESS ENVIRONMENT Right now Boeing is doing very well overall; however they may have some concerns in the near future with the U.S. Government attempting
Dwight N. Evans Jr.
Grantham University
BUSINESS
Boeing is the largest aerospace company in the world; as well as the leading manufacturer of commercial planes and defense and security systems. It has approximately 170,000 employees; located primarily at its headquarters in Renton, Washington. Additional U.S. offices are located in Los Angeles, California, along with international offices in Hong Kong and Moscow. (Boeing, 2011) Boeing is one of the country’s top exporters. They provide government and commercial airline support to 150 different countries. Their product line consists of satellites, weapons, commercial and military aircraft, electronic and defense systems, performance based logistics and training, launch systems, communication systems, and advanced information systems. The company is comprised of two business units, Boeing Commercial Airplanes and Boeing Defense, Space & Security. Supporting these units are Boeing Capital Corporation, a global provider of financing solutions; the Shared Services Group, which provides a broad range of services to Boeing worldwide; and Boeing Engineering, Operations & Technology, which helps develop, acquire, apply and protect innovative technologies and processes. (Boeing, 2011)
PROFIT
In 2010 Boeing performed exceptional well which led to near double digit operating margins in each business unit. (Boeing, 2011) They ended the year with the second highest earnings in company history; $3.3 billion net earnings. (Boeing, 2011) CNN Money has Boeing listed as #36 of the top 100 Fortune 500 companies for 2011. (Money, 2011) It sure didn’t hurt that Boeing just got a $30 billion contract to supply the U.S. Air Force with aircraft refuelers. Below I have included a chart of the company’s stock value:
BUSINESS ENVIRONMENT Right now Boeing is doing very well overall; however they may have some concerns in the near future with the U.S. Government attempting
References: Boeing, (2011). Boeing capital. Retrieved from http://www.boeing.com/companyoffices/aboutus/brief/bcc.html Boeing. (2011). The boeing company 2010 annual report. 2010 Annual Report, 156. Boeing, (2011, July 28). Boeing employment numbers. Retrieved from http://www.boeing.com/aboutus/employment/employment_table.html China Economic Net, (2011, September 8). Boeing: air fleet will triple. Retrieved from http://en.ce.cn/Industries/Aerospare/201109/08/t20110908_22681634.shtml Money, C. (2011). Fortune 500 our annual ranking of america 's largest corporations. Retrieved from http://money.cnn.com/magazines/fortune/fortune500/2011/snapshots/59.html