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The Boeing Company was established by aviation pioneer William Edward Boeing on July 15th, 1916.
The company’s first airplane, Model C two-place training seaplane, was designed in November 1916.
The Boeing Company was started in 1916, when American lumber industrialist William E. Boeing founded Aero Products Company in Seattle, Washington.
When the United States entered the first World War in 1917, the Navy purchased 51 out of 56 seaplanes built, making the model company’s first financial success and establishing a long-standing partnership with the United States military.
In 1917 the company's name was changed to Boeing Airplane Company.
1917: Founder William Boeing incorporates Pacific Aero Products Company, involved in plane making, mail delivery, and pilot training.
1918: Company changes its name to Boeing Airplane Company.
In 1919 the Boeing B-1 made its first flight.
On May 24, 1920, the Boeing Model 8 made its first flight.
Douglas Aircraft originated in 1921, when the American aircraft designer Donald Douglas established Douglas Company as a successor to a company he had cofounded the previous year.
The next break for Boeing came in 1923 when he entered a contest against Curtiss to develop a United States Army Air Service pursuit fighter.
Douglas Company built its early reputation with the World Cruiser, a single-engine biplane that, in 1924, became the first aircraft to fly around the world.
In 1925, Boeing built its Model 40 mail plane for the United States government to use on airmail routes.
Boeing also purchased Varney Airlines, which began operation in 1925 and won almost every mail contract it applied for until it became over-extended and had financial difficulties.
The first airmail flight for the airline was on July 1, 1927.
In 1927, an improved version of this plane was built, the Model 40A which won the United States Post Office's contract to deliver mail between San Francisco and Chicago.
Other routes were developed starting in 1927.
The company was restructured in 1928 as Douglas Aircraft Company, and a few years later it began building its “DC” (Douglas Commercial) series of passenger planes.
United Aircraft then purchased National Air Transport in 1930.
In 1930, the company built its first all-metal plane; earlier craft featured fabric and wooden parts.
In 1933 automobile giant General Motors (GM) acquired a 30 percent stake in North American Aviation through its subsidiary General Aviation Corporation, which also owned Fokker Aircraft.
In 1933 the government conducted an investigation of fraud and other illegal practices in the airline industry.
The company, however, faced problems starting in 1933.
By early 1934 North American owned the Sperry Gyroscope Company, more than a quarter of its former parent TAT (which later would become Trans World Airlines), and a majority share of Western Air Express.
In 1934 he was recognized for his innovation in aeronautical research and development with the award of the Daniel Guggenheim medal, 'for successful pioneering and achievement in aircraft manufacturing and air transport.'
1934: Government investigation of airmail business leads to break-up of United, with Seattle-based Boeing Airplane Company emerging with a sole focus on manufacturing.
The twin-engine DC-3, first flown in 1935, became the model for future commercial aircraft through its unprecedented level of comfort, reliability, high speed, and, above all, low maintenance cost.
Only in 1939, Boeing’s rival, McDonnell Douglas Corporation created first profitable commercial airplane Douglas DC-3, used to carry over 90% of United States air travelers by the beginning of WW2.
McDonnell Aircraft was founded in 1939 by the American aeronautical engineer James Smith McDonnell.
The B-17, known as the "Flying Fortress," first saw action with the British Air Force in 1941; it became famous for its ability to take enemy gunfire and keep flying.
By spring 1944, production of Boeing military aircraft ramped up so much that over 350 planes were built each month, mainly by women, whose husbands had gone to war.
Because of the company’s research on the use of jet propulsion for aircraft, the United States Navy awarded it a contract to build the FH-1 Phantom, which, in 1946, became the first jet aircraft used on an aircraft carrier.
GM sold its controlling share of North American to the public in 1948, after which the aircraft maker began to diversify, becoming involved in the development of rockets, guidance systems, and atomic energy.
After World War II, North American’s aircraft division developed the F-86 Sabre (first flown in 1949), the first American swept-wing jet fighter, and the F-100 Super Sabre, the first American production fighter to fly at supersonic speeds for sustained periods.
Boeing's B-307 Stratoliner, a B-17 converted for transporting passengers, was succeeded by the B-377 Stratocruiser in 1952.
In the spring of 1953 Bill Allen convinced the secretary of the United States Air Force, Harold Talbot, to allow Boeing the use of the government-owned B-52 construction facilities for the development of a new civilian/military jet.
1954: The Boeing 707 jet makes its first flight.
The company’s Rocketdyne division (established as part of North American Aviation in 1955) developed the rocket engines used in many United States space programs, including those for the three stages of the Saturn V rocket and the main engines of the shuttle orbiter.
The model was followed by the 727 trijet and 737 twinjet, the latter becoming world’s best-selling commercial plane by the end of 20th century. Therefore, in 1958, Boeing created the 707 - a four-engine airliner, capable of carrying 156 passengers on a transatlantic route.
As far back as 1959 Boeing had developed a prototype manned, reusable space vehicle similar to the Space Shuttle of two decades later.
In 1960 Boeing purchased Vertol Corporation, then the world’s largest independent manufacturer of helicopters.
1960: Philadelphia-based Vertol Aircraft Corporation, a maker of military helicopters, is acquired.
In 1960, the company bought Vertol Aircraft Corporation, which at the time, was the biggest independent fabricator of helicopters.
Formerly Boeing Airplane Company, the firm assumed its current name in 1961 to reflect its expansion into fields beyond aircraft manufacture.
Boeing, which changed its name to The Boeing Company in 1961, enjoyed a large degree of success and profitability with the 707.
1961: Company changes its name to The Boeing Company; completes first test launch of a Minuteman missile at Cape Canaveral, Florida.
Called Dyna-Soar, the project was canceled in 1963.
A further blow came when development was halted on the 2707, a supersonic transport better known as the 'SST.' Boeing and Lockheed had been selected to design the SST back in 1964, but progress on this aircraft was slow and costly.
1964: The three-engine 727 passenger jet is introduced.
In 1965 Douglas first flew its twin-engine DC-9 short-haul commercial jetliner, which became the company’s most successful transport since the DC-3.
Mansfield, Harold, Billion Dollar Battle: The Story Behind the “Impossible” 727 Project, edited by James Gilbert, New York: Ayer, 1965.
Douglas, eager not to be left out, introduced a similar two-engine model called the DC-9 in 1965.
In order to keep up with growing number of aircraft sales, in 1966 Boeing commenced the monumental engineering challenge - the construction of the Everett Factory.
In 1966, it began working on a supersonic transport (SST). The plane would fly at almost three times the speed of sound—more than 1,900 miles per hour—and carry 175 passengers.
1966: Company launches first Lunar Orbiter, which sends photos of the moon back to Earth.
McDonnell Douglas was formed in 1967 through the merger of Douglas Aircraft Company with McDonnell Aircraft Corporation.
In 1967 McDonnell purchased Douglas and took the name McDonnell Douglas Corporation.
1967: The shorter-route 737 jet makes its first commercial flight.
1968: Apollo 8, which takes the first astronauts around the moon, is launched in December boosted by a Saturn V rocket, for which Boeing had built the first stage.
On July 20, 1969, the first human being walked on the moon, with Boeing having played its key role in the Apollo 11 mission.
By the time the 747 was first delivered in 1969, 160 orders had been placed for the jetliner.
In 1970, the first 747 took its first commercial flight with Pan American World Airways, changing the airline industry by offering a larger seating capacity than any other airliner.
Despite the support of Senator Henry Jackson, the United States Congress in 1971 voted not to fund further development of the SST. Shortly thereafter Boeing abandoned the project altogether.
1971: Strict austerity measures, including the layoff of 43,200 employees, save the company from bankruptcy.
In 1972 it began development of the space shuttle for NASA, eventually building five operational orbiters.
First test-flown in 1972, the AWACS was a modified version of a 707 used by the military as an airborne early warning system.
Boeing built the first Airborne Warning and Control System (AWACS) in 1976 and continues to make them today.
1976: First air-launched cruise missile is test-fired from a B-52.
In 1978 Boeing started development of two new passenger jet models--the 757 and the wide-body 767--intended to take the company into the 21st century.
These new jetliner models, the 757 and the wide-body 767, became available in the early 1980’s.
In the aerospace division, Boeing won a $4 billion defense department contract in 1980 to manufacture the air-launched cruise missile.
In 1981 the company first flew its twin-engine, wide-body Boeing 767, followed by its twin-engine, single-aisle 757 the next year.
The 767 made its first flight in 1981 while the 757 did likewise one year later.
1981: The first NATO AWACS is delivered to West Germany; the 767 makes its first flight.
1982: The 757 makes its first flight.
Rockwell International’s last airplane was the supersonic, variable-wing B-1B Lancer bomber (first flown in 1984), but it remained a major subcontractor to the commercial aerospace sector.
In 1984 McDonnell Douglas expanded its helicopter activities by purchasing Hughes Helicopters, Inc., from the estate of the American aviation manufacturer Howard Hughes.
Nevertheless, in 1990 Boeing chalked up record sales and net profits of $27.6 billion and $1.4 billion, respectively, and ended the year with a $97 billion backlog.
The identified flaw not only resulted in grounded planes pending inspection, but opened up the possibility of investigation of Boeing's role in the explosion of a Philippine Airlines aircraft on a Manila runway in 1990, and TWA Flight 800 as well.
The commercial airline industry's downturn started in 1990, heralding brutal price wars and canceled aircraft orders.
The company successfully juggled the continuing need for commercial passenger airliners with its defense contracts, which account for an estimated 30 percent of its business as a result of the company's merger with McDonnell Douglas in 1997. It was also among the top three United States exporters for five consecutive years beginning in 1990.
Nonetheless, Boeing engineers are developing a new model, the 150-passenger 7J7, scheduled to fly in 1991.
Meanwhile, in 1993 NASA selected Boeing as the prime contractor for the International Space Station, which was called the largest international science and technology endeavor ever undertaken, and which was scheduled for completion in the early 21st century.
In 1994 Boeing introduced the most modern commercial jet airliner of its time, the 777.
The first flight took place in 1994.
Early in 1994, Shrontz announced that about 30,000 jobs—one-fourth of the company’s remaining workforce—would be eliminated over the course of the year.
Early in 1994, Shrontz announced that about 30,000 jobs--one-fourth of the company's remaining workforce--would be eliminated over the course of the year.
Boeing has had its share of labor problems, including a bitter strike that lasted 69 days in 1995, resulting in $2 billion in financial losses to the company as well as substantial trickle-down losses to the numerous sub-contractors and communities in which Boeing operates.
Boeing also made improvements to its most popular aircraft, including the 777, which was introduced in 1995.
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 1996 Boeing and Lockheed Martin received United States defense contracts to build competitive technology demonstrators for the Joint Strike Fighter, intended as an affordable, next-generation, multirole fighter for the armed services of the United States and Britain.
Rockwell International sold its aerospace and defense units to Boeing in 1996 to focus on its operations in industrial automation, avionics and communications, and electronic commerce.
The loss of a contract to build a next-generation fighter prototype for the United States armed forces in 1996 and continued poor sales of its commercial aircraft led McDonnell Douglas to its merger with Boeing the following year.
In 1996, it bought the defense and space division of Rockwell International for $3.2 billion.
1996: The aerospace and defense units of Rockwell International are acquired.
wilhelm, steve. "boeing: commercial side still the growth engine." puget sound business journal, 3 january 1997.
"boeing corp. moving ahead and flying high." the online investor, 4 august 1997. available at: http://www.investhelp.com/ba_spotlight.shtml.
In 1997, Boeing completed the largest merger in the aviation history by purchasing McDonnell Douglas Corporation for more than $13 billion.
1997 company contributions totaled $51.3 million.
Boeing briefly shut down its production line in 1997; that same year the company had its first loss in more than fifty years.
wald, matthew l. "checks of 737's show more damaged wiring." the new york times, 12 may 1998.
Additional charges were taken during 1998, but the company managed to post net income of $1.12 billion on sales of $56.15 billion thanks to the strong performance of its defense and space operations.
Boeing also took a $1.4 billion charge related to its decision to phase out production of the MD-80 and MD-90 jets by early 2000.
In 2000, Boeing acquired the satellite segment of Hughes Electronics.
Boeing entered the new millennium as the world's largest aerospace company. It made another major purchase in 2000, buying the space and communications division of Hughes Electronic Corporation.
In 2001 it announced plans to spin off its avionics business and rename itself Rockwell Automation.
In 2002, CEO Condit remained confident in Boeing's future.
Sixteen countries were participating. It is scheduled to be completed in 2003 and will take more than 40 launches to complete.
The Renton plant builds the narrow-body Boeing 737 and formerly built the 757 aircraft (discontinued in 2004), while the wide-body Boeing 767 and 777 aircraft and a limited number of the largely discontinued 747s are assembled at the Everett plant.
Originally scheduled to be delivered for commercial service starting in 2008, the 787 was beset with several production problems, not the least of which was failure of the crucial fuselage section in stress tests.
In January 2013, following an airworthiness directive issued by the United States Federal Aviation Administration (FAA) that was subsequently taken up by regulators worldwide, all 787s in operation globally were temporarily grounded until a potential risk for battery fire was corrected.
In 2018, Boeing opened its first factory in Europe at Sheffield, UK, reinforced by a research partnership with The University of Sheffield.
The Boeing 777X, the largest capacity twinjet, made its maiden flight on January 25, 2020.
In July 2020, Boeing reported a loss of $2.4 billion as a result of the pandemic and the grounding of its 737 MAX aircraft.
On August 18, 2020, CEO Dave Calhoun announced to Boeing employees that the company plans another round of job cuts in addition to the 16,000 positions previously announced to be eliminated.
"The Boeing Company ." International Directory of Company Histories. . Retrieved June 22, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/boeing-company-1
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Lockheed Martin | 1995 | $71.0B | 115,000 | 5,280 |
| Northrop Grumman | 1939 | $41.0B | 97,000 | 3,196 |
| General Electric | 1892 | $68.0B | 305,000 | 3,006 |
| Collins Aerospace | 2018 | $2.4B | 50,000 | 48 |
| Aurora Flight Sciences | 1989 | $169.2M | 468 | 19 |
| Textron | 1923 | $13.7B | 35,000 | 1,230 |
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Boeing may also be known as or be related to Boeing, Boeing Commercial Airplanes, Inc., Pacific Aero Products Co. (1916–1917) Boeing Airplane Company (1917–1961) [1] [2], The Boeing Company and boeing satellite systems.