Boeing: Taking Innovation to Higher Altitudes
BOEING: TAKING INNOVATION TO HIGHER ALTITUDES
Brief history
Boeing is the world’s leading aerospace
company and manufacturer of commercial jetliners,
defense, space, and security systems.1 The
company’s origins date back to 1916 when William
E. Boeing founded the ‘Pacific Aero Products Co.’ in
Seattle, Washington. In 1917 the company was
renamed to the ‘Boeing Airplane Company’.
Shortly after that, the company followed a
strategic and systemic approach by merging with and
acquiring several aircraft and component
manufacturers. To comply with antitrust legislation,
which prohibited airlines and manufacturers from
being under the same corporate umbrella, the
company split up into three smaller companies —the
Boeing Airplane Company, United Airlines, and the
United Aircraft Corporation.2
Boeing recently celebrated its 100th
anniversary, building on a heritage that mirrors the
history of flight.
Company culture
Today the company is a top-ranked U.S.
exporter, supporting both airlines and U.S. and allied
government customers in over 150 countries. Their
high ranking is due to the innovation-driven company
culture. The purpose and mission of the company is
to “connect, protect, explore and inspire through
aerospace innovation”.3
More recently, Boeing’s corporate culture
has shifted dramatically. The focus is now on the
bottom-line profits, outsourcing work, driving a hard
bargain with labor unions, and taking a cautious
1 www.boeing.com
3 www.boeing.com/resources/boeingdotcom/company/
general_info/pdf/boeing_overview.pdf
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Latest Update: July 10, 2021
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