Business Description

Boeing Co., an aerospace company, manufactures commercial jetliners, as well as defense, space, and security systems. It operates through the following sections: Commercial Airplanes, Defense, Space and Security, Global Services, and Boeing Capital. The Commercial Airplanes sector includes the production, marketing, and development of commercial jet planes.

This segment also provides fleet support services to the worldwide commercial airline industry. Defense, Space, and Security refer to the design, production, modification, and testing of manned and unmanned military planes and weapons systems for global strikes, including fighter and combat helicopter aircraft and missile systems; global mobility, including tanker, aircraft, and tilt-rotor; and airborne surveillance and recon.

This includes command and controller, battle management, and anti-submarine aircraft. Global Services offers services to defense and commercial customers. The Boeing Capital segment manages the financing exposure and helps customers buy and deliver their Boeing products. William Edward Boeing founded the company and has its headquarters in Chicago, IL.

Key Financials

Revenue (US$ Mn):

• The Boeing Company’s annual revenue for 2021 was US$ 62,286 Mn, a 7.1% increase from 2020
• The annual revenue generated by The Boeing Company in 2020 was US$ 58,158 Mn
• At a -24.29% decrease, The Boeing Company’s annual revenue of US$ 76,559 Mn was indexed in 2019
• The Boeing Company generated total revenue of US$ 1,01,127 Mn in 2018

Operating Income (US$ Mn):

• US$ -3,389 Mn was the operating income generated by The Boeing Company in 2021
• The Boeing Company’s operating income for 2020 was US$ -12,978 Mn, a 387.53% increase from 2019
• From 2018’s operating incomes, The Boeing Company registered a -122.56% decrease in 2019, amounting to US$ -2,662 Mn
• An operating income of US$ 11,801 Mn was generated in 2018 by The Boeing Company

Net Income (US$ Mn):

• The Boeing Company’s net income for 2021 was US$ -4,202 Mn, a -64.61% decrease from 2020
• The net income generated by The Boeing Company in 2020 was US$ -11,873 Mn
• At a -106.08% decrease, The Boeing Company’s net income of US$ -636 Mn was indexed in 2019
• The Boeing Company generated a net income of US$ 10,460 Mn in 2018

Operating Margin %:

• 4.70% was the operating margin generated by The Boeing Company in 2021
• The Boeing Company’s operating margin for 2020 was %, a 746.15% increase from 2019
• From 2018’s operating margins, The Boeing Company registered a -77.72% decrease in 2019, amounting to %
• An operating margin of % was generated in 2018 by The Boeing Company

Gross Margin %:

• The Boeing Company’s gross margin for 2021 was %, a -148.98% decrease from 2020
• The gross margin generated by The Boeing Company in 2020 was %
• At a -70.13% decrease, The Boeing Company’s gross margin of % was indexed in 2019
• The Boeing Company generated a gross margin of % in 2018

SWOT Analysis

Strengths

Competitiveness Enhanced research and development capabilities

Boeing places a strong emphasis on research and development activities (R&D). The company’s other business segment comprises engineering, operations, and technology (EO&T). EO&T, a highly developed R&D organization that provides Boeing with technical and functional capabilities, is an important business segment.

It is focused on the development of innovative technologies and improved processes, as well as the creation of new products. It gives Boeing technical and functional capabilities. This includes information technology, R&D and test and evaluation, technology strategy, environmental remediation management, intellectual property management, and technology strategy development.

R&D consists of the development, testing, and design of new and derivative aircraft, as well as defense systems. This also includes advanced space, commercial, military, and company-sponsored products. The company spent 3.2% of its total sales on R&D in FY2018. This was US$3,269 million.

The company is expanding its product and service offerings to meet customer demands. The company’s current focus is on several development initiatives, including secure, connected aircraft that can enable analytics-driven operations. It also integrates sound and light inside the cabin to allow airlines to reinforce and present unique information to passengers.

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