Boeing
From SourceWatch
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| Type | Public (NYSE: BA, TYO: 7661) |
|---|---|
| Founded | Seattle, Washington (1916) |
| Headquarters | Chicago, Illinois, US |
| Key people | W. James McNerney, Jr., CEO |
| Industry | Aerospace and Weapons |
| Products | Commercial airliners Military aircraft Munitions Space systems Computer Services |
| Revenue | ▲ $61.5 billion USD (FY 2006)[1] |
| Net income | ▲ $2.2 billion[1] |
| Owner(s) | Columbia Management Advisors (11.7%) State Street Global Advisors (6.5%) Capital World Investors (5.7%) Barclays Global Investors (5.5%) Vanguard Group (4.5%)[2] |
| Employees | 159,000 (2007) |
| Divisions | Boeing Commercial Airplanes Integrated Defense Systems Others |
| Subsidiaries | Aviall, Inc. Jeppesen Boeing Australia Boeing Defence UK Boeing Store |
| Website | Boeing.com |
The Boeing Corporation is best known to the general public for its line of civilian aircraft, the most famous being the Boeing 747. Weapons sales of $27bn comprise more than half of company revenue, making Boeing the second largest defence manufacturer in the world [1]. Military products include the C-17 Globemaster Transport, F-15 Fighter, AH-64 Apache Attack Helicopter, MH-47 Chinook Helicopter and the Hellfire Missile. The company is the main contractor for the Star Wars missile system.
- Robert D. Bauerlein is Vice President, International Operations for Washington
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Company description
"The Boeing Company operates in four principal segments: Commercial Airplanes, Military Aircraft and Missile Systems, Space and Communications and Boeing Capital Corporation (BCC). Commercial Airplanes operations principally involve development, production and marketing of commercial jet aircraft and providing related support services. Military Aircraft and Missile Systems operations principally involve research, development, production, modification and support of military aircraft, both land-based and aircraft-carrier-based, as well as helicopters and missiles. Space and Communications operations principally involve research, development, production, modification and support of space systems, missile defense systems, satellites and satellite launching vehicles, rocket engines and information and battle management systems. BCC is primarily engaged in the financing of commercial and private aircraft and commercial equipment [2]".
Board of Directors
As of December 2007:[3]
- John H. Biggs, Chairman and Chief Executive Officer, Teachers Insurance and Annuity Association-College Retirement Equities Fund
- John E. Bryson, Chairman of the Board, President and Chief Executive Officer, Edison International
- Arthur D. Collins Jr., Chairman and Chief Executive Officer of Medtronic, Inc.
- Linda Z. Cook, Executive Director Gas & Power, Managing Director, Royal Dutch Petroleum Company
- William M. Daley, Chairman of Midwest region for JPMorgan Chase & Co.
- Kenneth M. Duberstein, Chairman and Chief Executive, The Duberstein Group
- James L. Jones
- Edward M. Liddy
- John F. McDonnell, Retired Chairman, McDonnell Douglas Corp.
- W. James McNerney, Jr., Chairman, President and Chief Executive Officer, The Boeing Company
- Rozanne L. Ridgway, Former Assistant Secretary of State for Europe and Canada
- Mike S. Zafirovski
Former Board of Directors
- John M. Shalikashvili, General (U.S. Army, Ret.), Retired Chairman of the Joint Chiefs of Staff, U.S. Department of Defense
Political contributions
The Boeing political action committee (PAC) gave $895,750 to federal candidates in the 05/06 election cycle - 37% to Democrats, 62% to Republicans. [3]
Lobbying
The company spent $9,120,000 for lobbying in 2006. Of this total, $2,722,000 was to outside lobbying firms. Boeing has in-house lobbyists also. [4]
Industrial relations
On 14 April 2008 Boeing (Australia) won the right to compensation for losses caused by over 700 strikers in a stop work action - alleged by Boeing to cost them $1,000,000 per day. That court decision included: a compulsory period of non-organising and disallowing any further work ban actions (unless allowed by Boeing) or face jail. The dispute started on April 7 when Boeing sacked a worker and suspended another without going through the agreed dispute settlement procedure. Workers believed that another 8 workers face a similar fate. Efforts to the resolve the dispute failed on April 9 workers walked off the job. Boeing then started legal proceedings against the workers.
Boeing have a record of disagreements with their workforce and are almost always involved in minor disputes. In 1989 US Boeing machinists went on strike over a lack of pay rises for six years. "The workers - many of whom welcomed the strike as a respite from exhausting amounts of mandatory overtime - stayed out for 48 days" (CorpWatch).
Contact details
100 North Riverside
Chicago, Illinois 60606
Phone: (312) 544-2000
Web: http://www.boeing.com/
References
- ↑ 1.0 1.1 Financial Statements and Supplemental Data, Form 10-K, The Boeing Company (accessed June 10, 2007).
- ↑ BA Ownership, MSN Money (accessed May 25, 2008).
- ↑ 2006 PAC Summary Data, Open Secrets.
- ↑ Boeing lobbying expenses, Open Secrets.
SourceWatch links
- Military-industrial complex
- Locations of Boeing, Lockheed Martin, Raytheon, and TRW
- Anna Eleanor Roosevelt
External links
- Kevin Martin, Tim Nafziger, Jeremy Shenk, & Mark Swier Boeing Corporation: Airplane manufacturer and weapons dealer makes controversial move to Chicago, Z Magazine, November 2001.
- Leslie Wayne, Unusual Pentagon-Boeing Deal Is Attacked (Abstract), New York Times, June 10, 2003.
- Boeing's Tawdry Deal, New York Times Op-Ed, November 26, 2003.
- "Boeing’s Skillful Lobbying Efforts" CorpWatch, Financial Times, December 8, 2003.
- Hal Bernton, "Magazine ad "unleashes hell" for Boeing and Bell", CorpWatch, The Seattle Times, October 1, 2005.
- Charlie Cray 2008 "Boeing" Corpwatch
- James Macintyre, "Exposed: the arms lobbyist in Parliament: 'We'll ask the questions that you can't, without your fingerprints,' he tells clients," The Independent (UK), June 26, 2008.
