# Boeing 

By [Vally](https://paragraph.com/@vally-2) · 2023-08-22

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The **Boeing** **Company** is a world - class American corporation producing aviation, military and space technology:  
the largest aerospace company in the USA; the largest employer of the Seattle Industrial District and the Northwest of the country; the largest exporter of the States. Boeing is among the top 12 most significant manufacturers of the state and among the big three suppliers of military equipment, combat weapons (together with Raytheon and Lockheed Martin).  
Date of foundation: 1916, Seattle, Washington, USA. Founder: William Boeing. Head office: Chicago, Illinois, USA. Management: President and CEO David Calhoun, Executive Vice Presidents Stanley Diehl and Ted Colbert, President of Boeing International Michael Arthur. Capitalization: $109.75 billion (2022). Net income: minus $4.2 billion (2021). Number of employees: 140,000. The company's production facilities are located in the state of California, the cities of St. Louis (Missouri) and Everett (Washington).

**Subsidiaries of the Boeing Company:**  
Boeing Canada; Boeing India; Boeing Defence; Boeing Helicopters; Boeing Capital; Boeing Aircraft Holding Company; Boeing Spain; Boeing Commercial Airplanes; Boeing Phantom Works; Boeing Australia; Boeing Defense; McDonnell-Douglas; Space & Security; Alteon Training; Jeppesen. Commercial Airplanes is engaged in the production of civil aviation, Integrated Defense Systems is responsible for commercial and military equipment. Issues of project financing — at Capital Corporation, infrastructure development — at Services Group, development, purchase and implementation of innovations — at Engineering, Operations & Technology.

**_William Boeing and Boeing: how it all started_**  
The history of the company is not like the annals of other glorious startups: William Boeing (1881-1956) was not a poor man, he did not have to invent a bicycle and spend a lot of time trying to prove that airplanes are needed by humanity. On the contrary, the businessman was the owner of a very decent inheritance, and the aircraft he invented turned out to be so necessary to the world that profits flowed like a river from the first day! However, about everything in order.

**Wilhelm Beingh** (William's father), an emigrant from Germany, successfully developed his own Business - the development of forest lands and iron ore deposits. A large profit allowed the man to expand his interests into banking and Insurance, to buy a luxury house in Detroit. But the entrepreneur died of a severe form of influenza in 1890 - everything acquired goes to his widow, only son and two daughters.

William was educated at the best educational institutions in the States, entered the Yale Science School. But I never finished it - I couldn't wait to start my own business. For the English-speaking circle, the young man changes his surname from Being to Boeing. He starts, like his father, with the supply of lumber. Then, having earned a fortune, he opens subsidiaries. The largest of them is Greenwood Timber Company, a shipyard for the construction of premium yachts. But how did a successful businessman fall in love with airplanes?

It all happened in 1909, at the Alaska-Yukon-Pacific Region exhibition, where he took off from the ground for the first time in his life in a manned airplane. William would avoid aviation for several more years, until in 1915 he bought a Martin TA seaplane and enrolled in flight school. And then Boeing is disappointed - his expensive purchase is simply outdated! A businessman hires a team of specialists to bring Martin TA to mind. But it didn't help much - the aircraft eventually crashed into Lake Washington.

But William does not intend to give up just like that: he gets in touch with a good friend, George Westevelt, a lieutenant, an engineer of the Navy. Together they begin the development of an experimental Boeing Model 1 seaplane. The prototype was ready by June 1916 - in the same month the Invention successfully took to the air. Inspired by Boeing, in July 1916 he opened his own airline - The Pacific Aero Products Company. They started with the development of experimental models, and in 1917 they switched to full - fledged activity - this is how the Boeing Airplane Company appeared.

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*Originally published on [Vally](https://paragraph.com/@vally-2/boeing)*