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Boeing Industries; US and Global Markets

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Boeing, whose products and services are known for their superior design and efficiency, works with supplier partners around the world and has delivered over 15,000 airplanes to global customers. Boeing Commercial Airplanes is headquartered in Renton, Washington under the leadership of Scott Carson, President and CEO. The 737 Dreamliner is the pride of the Boeing commercial fleet. In addition to commercial and civil aviation, Boeing is the primary choice of military and defense organizations across the world. It is the leader in global air force refueling capacities.

In 1996, Boeing and General Electric formed a joint venture, Boeing Business Jets, to manufacture corporate and VIP applications. The BBJ can fly from Paris to Los Angeles-or farther-nonstop. The Boeing Company and its subsidiaries, as of Dec 31, 2010, had 151,000 employees. In the past year it paid over $32 billion to over 22,000 businesses supporting an additional 1.2 million supplier related jobs around the US. In 2010, $160 million were mobilized for charity globally by the aviation giant.

Current Situation:

In North America alone, Boeing has a fleet value of $760 billion with 7,530 units set for delivery in 2011 with an additional fleet valued at $250 billion in the Latin American region, and an additional 2,570 units to be delivered in 2011. Government subsidies for the aviation sector constitute a standing concern for the industry. Boeing has established world class service in an industry which operates around the clock. At the front end, Boeing global support teams and the company's approximately 300-400 field service representatives and associates in 65 countries are always available.

It is projected by Boeing that the current fleet of about 19,400 planes in 2010 will grow to over 39,500 by 2030. According to 2011 forecast, 13,360 craft will be replaced over the next 20 years taking into account the expected rise in fuel prices and other pertinent economic burdens. Going by the current replacement rate, 85% of the aircraft operational in 2030 would have been delivered by 2011.The single-aisle fleet itself is expected to double reflecting the increasing travel requirements of emerging economies. The largest anticipated growth is in the twin-aisle segment. The air-cargo fleet is expected to grow at an average of 3.5% annually for the next 20 years.

Boeing has pioneered world space studies and has pledged its support to President Obama post the FY 2011 budget proposal released on 14 Feb, 2011. The President sought to maintain the successful exploration goals as outlined in the 2010 NASA Authorization Bill passed in the American parliament on Sep 30, 2010. Boeing is committed in the present and years ahead to reduce carbon emissions. As early as 2008 Boeing has been involved with commercial test flights using Bio fuels as an alternative. It is committed to their development and to solar cells R&D.

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