Company Project The company that I chose is the Boeing Company Project(s): 10 points (From Syllabus) You will do a minimum of one substantive research paper during the semester. ?
Company Project
The company that I chose is the Boeing Company
Project(s): 10 points
(From Syllabus) You will do a minimum of one substantive research paper during the semester. It will be due the last week of classes and must be posted on Blackboard and on Turnitin.com. The project can be to analyze a company in at least 2,000 words or anything that is determined by mutual agreement. Your work will include 3 to 5 figures or graphs and should be prepared as if it would be sent to a board of directors. The project is intended to improve your critical thinking skills and your written business communication skills as well as help you increase the likelihood of getting what you want at the next step in your career. Examples could include a financial analysis of your most admired company or organization. Other examples could include any topic from tariffs to the Federal Reserve to Bitcoin to the new tax code. The outline below describes a very simple company analysis as most projects fall into that category. Tell us why you are choosing this project.
Steps:
1. Select a company to analyze
Some suggestions for selecting your company include choosing: a company you wish to work at next, a company you want to obtain financial support for your own organization from, or your most admired company or organization. It is best to select a publicly-traded US Corporation that is currently making a profit as it will be the easiest for which to obtain understandable financial data. As this is a corporate finance class we will be analyzing financial and accounting data. A profitable company means that it has positive net income in each year.
2. Collect at least three (but no more than ten) years of financial information
This information includes an income statement, balance sheet, statement of cash flows, stock price(s), numbers of shares (by class), and bonds by maturity date (if any).
3. Create a common-sized income statement and balance sheet.
Do the changes over time show that the company is becoming more or less profitable?
4. Calculate the DuPont ratios
What do the ratios tell you about the nature of this business? If the company is running a loss – then why?
5. Calculate the growth/decline in sales, costs, operating expenses, taxes, net income and EPS for 2 years if you collected three years of data. You will have one less year of growth calculations than years of data.
Is the trend in net income explained by one large factor or several smaller ones? What is the internal and sustainable growth rate?
6. Read the Company’s 10-K filing with the SEC. Read Items 1 Business, 1A Risk Factors through Item 7 Management’s Discussion and Analysis of Financial Condition and Results of Operations. (Example: For Apple this is 42 pages of text.)
Do the managers’ comments agree with your analysis of the numbers?
7. Write your own 2000-word analysis of this company.
Is the company doing better or worse? What is going well and what seems to not be going well? Will this company remain in business for the next 5, 10 or 20 years or do you think it will fail?
8. Produce 3 to 5 charts that tell your story about this company’s performance and recent direction.
9. Graph the company’s stock price over the three years in which you collected financial data and compare it to the S&P500 over the same time period.
10. Would you invest in this company’s stock or not?
If yes – at what price or time period would you sell? If no – is there any price at which you would be a buyer? If you wish a more challenging assignment, try to calculate the firm’s beta, WACC, DCF, valuation, etc.
The 10k will be inside the attached annual report.
T h
e B
o e
in g
C o
m p
a n
y 2
0 2
1 A
n n
u a
lR e
p o
rt
THE BOEING COMPANY 2021 ANNUAL REPORT
Forward, Together
The Boeing Company Annual Report was printed with 100% certified wind-powered energy on Forestry Stewardship Council® certified paper that contains at least 10% post-consumer waste. Copyright ©2022 Boeing. All rights reserved. Printed in the USA.
The Boeing Company 100 North Riverside Plaza Chicago, IL 60606-1596 USA
Engineer Sam Hainline (right) and Flight Operations mechanic Coy Wilhelmy consult the display of the MQ-25 deck control device, used to maneuver the uncrewed aerial refueler on a U.S. Navy aircraft carrier deck for the first time in December 2021. The demonstration aboard the USS George H.W. Bush capped off a year of firsts for the MQ-25 team, with the MQ-25 T1 test aircraft refueling three different Navy aircraft in a span of three months—and becoming the first uncrewed aircraft in history to refuel another aircraft.
Forward, Together
90120_cover.indd 1-3 2/28/22 5:36 PM
C M Y K 2925
02.28.2022 19:14PM
17.000 in x 10.875 in
larryl (sa1) (sa1)
tbujak
90120
HH Global-Boeing
90120_cover
file://sanjfs5.sa1.com/Sandy2/90120
1 90120_cover
1
1
1
9 0
1 2 0
_ co
ve r
90120_cover
9 0
1 2 0
_ co
ve r
“With revitalized spirit and an unwavering commitment to transparency in all we do, we are transforming to be a better, stronger Boeing, propelled by the spirit of innovation that has been our hallmark for more than a century.”
THE BOEING COMPANY
As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing’s diverse team is committed to innovating for the future, leading with sustainability, and cultivating a culture based on the company’s core values of safety, quality and integrity. Learn more at boeing.com.
STAKEHOLDER-DRIVEN TRANSPARENCY
Boeing is committed to transparency. Through our annual disclosure and reporting cycle, we compile and share a broad set of data, information and operating examples for our stakeholders, including our employees, customers, industry partners, investors, regulatory authorities, communities and others. Using the most widely applicable disclosure frameworks, Boeing reports each year on our financial performance and company priorities; our employee demographics and progress toward achieving equity, diversity and inclusion commitments; our sustainability-focused environmental, social and governance performance; our community investments and advocacy; and our industry-leading aerospace market outlooks.
CONTENTS
A Letter From Boeing President 1 and CEO David L. Calhoun
Revolutionizing How We Operate 6
Embracing Unique Perspectives 7
Safely Returning to Service 8
Diversity in Action 10
Sustainable Aerospace 11
Global Solutions for Global Needs 12
Driven by Purpose 14
Executive Council 15
Company Highlights 16
Form 10-K 17
Caution Concerning Forward-Looking Statements 144
Non-GAAP Measures 145
Selected Programs, Products 146 and Services
Shareholder Information 156
Board of Directors 157
Company Officers 158
To view our Annual Report online, along with additional 2021 Boeing milestones, scan the QR code with your smartphone.
COVER PHOTO
Dave Ieng (right) and Michael Bundy conduct checks on a 777X airplane at Boeing Field in Seattle. Known as WH001, the airplane is one of four 777-9s in a rigorous test program.
All photography was conducted in compliance with applicable COVID-19 requirements.
DAVID L. CALHOUN President and CEO
90120_cover.indd 490120_cover.indd 4 3/3/22 4:41 PM3/3/22 4:41 PM
A Letter From Boeing President and CEO David L. Calhoun
2021 was a year of recovery, rebuilding and resilience for our industry and for The Boeing Company. Our progress and milestones steadfastly reinforced our highest priority — enabling the safety, security and protection of everyone we serve. We made significant strides toward strengthening our safety culture, investing in our talent and instilling renewed discipline and rigor throughout our operations. I am extremely proud of our team’s accomplishments and resolve in building a healthier and stronger company. We know that our industry is a resilient one. Together with our customers and partners, we are charting the course for recovery as we innovate for a brighter, sustainable tomorrow.
Ongoing COVID-19 Recovery
The world at large navigated a second consecutive year of the COVID-19 pandemic and its wide-ranging social and economic impacts on businesses and the ways we work. In the latter part of the year, surges of the Delta and Omicron variants came about fast and strong, necessitating ongoing changes in COVID-19 requirements and guidance in varying measures across the globe.
Through it all, we worked diligently and collaboratively across the industry advancing our Confident Travel Initiative (CTI), further enhancing health safeguards for air travel. We remain inspired by the critical work of the CTI team as they actively lead the global
conversation on the safety of air travel amid COVID-19, applying proven aerospace engineering practices and data to develop new solutions.
The commercial market continues to improve, enabled by wider vaccine distribution and an encouraging increase in travel demand, particularly in domestic markets. We look to the next phase of recovery in regional markets followed by long-haul international routes.
The commercial services market began to rebound as air travel returned and customers utilized faster procurement channels to place e-commerce parts orders.
We witnessed the ongoing human impact of the virus globally and the toll it has taken on our local communities. Boeing, and its 142,000 teammates around the world, are grateful for the efforts of all first responders, healthcare workers and researchers who continue to keep us all safe where we live and work. I am humbled by our Boeing teammates who find ways to overcome the challenges of the pandemic and support our local communities in need, while ensuring we deliver products and services to our customers with utmost safety, quality and transparency.
Rebuilding Trust
We profoundly committed to regaining the trust of our customers, regulators, investors and other key stakeholders through transparency, integrity and
2021 was a year of recovery, rebuilding and resilience for our industry and for The Boeing Company. Our progress and milestones steadfastly reinforced our highest priority — enabling the safety, security and protection of everyone we serve. We made significant strides toward strengthening our safety culture, investing in our talent and instilling renewed discipline and rigor throughout our operations. I am extremely proud of our team’s accomplishments and resolve in building a healthier and stronger company. We know that our industry is a resilient one. Together with our customers and partners, we are charting the course for recovery as we innovate for a brighter, sustainable tomorrow.
Ongoing COVID-19 Recovery
The world at large navigated a second consecutive year of the COVID-19 pandemic and its wide-ranging social and economic impacts on businesses and the ways we work. In the latter part of the year, surges of the Delta and Omicron variants came about fast and strong, necessitating ongoing changes in COVID-19 requirements and guidance in varying measures across the globe.
Through it all, we worked diligently and collaboratively across the industry advancing our Confident Travel Initiative (CTI), further enhancing health safeguards for air travel. We remain inspired by the critical work of the CTI team as they actively lead the global
conversation on the safety of air travel amid COVID-19, applying proven aerospace engineering practices and data to develop new solutions.
The commercial market continues to improve, enabled by wider vaccine distribution and an encouraging increase in travel demand, particularly in domestic markets. We look to the next phase of recovery in regional markets followed by long-haul international routes.
The commercial services market began to rebound as air travel returned and customers utilized faster procurement channels to place e-commerce parts orders.
We witnessed the ongoing human impact of the virus globally and the toll it has taken on our local communities. Boeing, and its 142,000 teammates around the world, are grateful for the efforts of all first responders, healthcare workers and researchers who continue to keep us all safe where we live and work. I am humbled by our Boeing teammates who find ways to overcome the challenges of the pandemic and support our local communities in need, while ensuring we deliver products and services to our customers with utmost safety, quality and transparency.
Rebuilding Trust
We profoundly committed to regaining the trust of our customers, regulators, investors and other key stakeholders through transparency, integrity and
1
90120_editorial.indd 1 2/28/22 6:51 PM
C M Y K 2925
431
02.28.2022 19:13PM
8.375 in x 10.875 in
larryl (sa1) (sa1)
tbujak
90120
HH Global-Boeing
90120 editorial
file://sanjfs5.sa1.com/Sandy2/90120
90120 editorial1
9 0
1 2
0 e
d ito
ria l
90120editorial
9 0
1 2
0 e
d ito
ri a
l 1
1
1
delivering on what we promise. With an unwavering dedication to safety, our 737 program teammates have been working around the clock globally to support our customers as they return airplanes back to service. Regulators in 185 out of 195 countries — including China, Ethiopia and Indonesia— have allowed the 737 MAX to resume service or fly within its airspace.
Since its return to service starting in late 2020 through the end of 2021, the 737 MAX made nearly 300,000 revenue flights for 35 operators, accounting for 720,000 flight hours with more than 99% schedule reliability. In addition, we delivered 272 737 MAX airplanes over that period and we’re poised to continue steadily increasing production.
Boeing is navigating the 787 Dreamliner return to delivery with the same disciplined approach as we did with the 737 MAX return to service. We are actively and transparently communicating with our regulators, customers and suppliers every step of the way as we move closer to delivering airplanes and bringing more predictability and stability to the program for the long-term.
The in-service 787 fleet continues to satisfy customers and outperform in the market as the most utilized widebody during the pandemic — with nearly 99% of in-service 787s returning to revenue service compared to prepandemic levels.
With safety and quality guiding our recovery, we prudently managed our financials and began to see the results
from our enterprise transformation initiative to drive simplification and stability across our operations. By the end of 2021, our actions, coupled with market recovery, helped generate positive operating cash flow in the fourth quarter— a key financial milestone — and builds on our path to sustainable cash generation in the years ahead.
Market Opportunity and Increasing Cargo Demand
Our 2021 Boeing Market Outlook projects a $9 trillion market opportunity over the next decade for aerospace products and services. At the end of 2021, we had a backlog valued at more than $377 billion — including approximately 4,200 commercial airplanes — demonstrating Boeing’s comprehensive product and services lineup to meet this demand.
Supply chain disruptions and limited cargo belly capacity on passenger planes due to the pandemic, as well as increasing e-commerce, has led to an increase in near-term cargo demand, including dedicated freighters — both new and converted models. Long- term, we project the global freighter fleet in 2040 will be 70% larger than the prepandemic fleet, continuing to be driven in part by e-commerce.
To satisfy global demand from operators worldwide, we announced plans to increase freighter conversion capacity with the addition of 10 conversion lines across new and existing maintenance, repair and overhaul suppliers.
European Union Aviation Safety Agency (EASA) and U.K. Civil Aviation Authority approvals for 737 MAX return to service
737 MAX 2021 MILESTONES
JANUARY FEBRUARY MARCH APRILGlobal regulators and aviation organizations from around the world collaborated to allow the airplane to safely return to service.
Air Canada, United Airlines and TUI return 737 MAX to service
UAE General Civil Aviation Authority approval
Australia Civil Aviation Safety Authority approval
Alaska Airlines introduces 737 MAX into service
Southwest Airlines returns 737 MAX to service
Investment firm 777 Partners orders 24 737-8s
Southwest Airlines orders 100 737-7s and 737-8s
Federal Aviation Administration certifies 737-8-200
EASA certifies 737-8-200
flydubai and Turkish Airlines return 737 MAX to service
delivering on what we promise. With an unwavering dedication to safety, our 737 program teammates have been working around the clock globally to support our customers as they return airplanes back to service. Regulators in 185 out of 195 countries — including China, Ethiopia and Indonesia— have allowed the 737 MAX to resume service or fly within its airspace.
Since its return to service starting in late 2020 through the end of 2021, the 737 MAX made nearly 300,000 revenue flights for 35 operators, accounting for 720,000 flight hours with more than 99% schedule reliability. In addition, we delivered 272 737 MAX airplanes over that period and we’re poised to continue steadily increasing production.
Boeing is navigating the 787 Dreamliner return to delivery with the same disciplined approach as we did with the 737 MAX return to service. We are actively and transparently communicating with our regulators, customers and suppliers every step of the way as we move closer to delivering airplanes and bringing more predictability and stability to the program for the long-term.
The in-service 787 fleet continues to satisfy customers and outperform in the market as the most utilized widebody during the pandemic — with nearly 99% of in-service 787s returning to revenue service compared to prepandemic levels.
With safety and quality guiding our recovery, we prudently managed our financials and began to see the results
from our enterprise transformation initiative to drive simplification and stability across our operations. By the end of 2021, our actions, coupled with market recovery, helped generate positive operating cash flow in the fourth quarter— a key financial milestone — and builds on our path to sustainable cash generation in the years ahead.
Market Opportunity and Increasing Cargo Demand
Our 2021 Boeing Market Outlook projects a $9 trillion market opportunity over the next decade for aerospace products and services. At the end of 2021, we had a backlog valued at more than $377 billion — including approximately 4,200 commercial airplanes — demonstrating Boeing’s comprehensive product and services lineup to meet this demand.
Supply chain disruptions and limited cargo belly capacity on passenger planes due to the pandemic, as well as increasing e-commerce, has led to an increase in near-term cargo demand, including dedicated freighters — both new and converted models. Long- term, we project the global freighter fleet in 2040 will be 70% larger than the prepandemic fleet, continuing to be driven in part by e-commerce.
To satisfy global demand from operators worldwide, we announced plans to increase freighter conversion capacity with the addition of 10 conversion lines across new and existing maintenance, repair and overhaul suppliers.
2
90120_editorial.indd 2 2/28/22 6:51 PM
C M 2925 431
02.28.2022 19:13PM
8.375 in x 10.875 in
larryl (sa1) (sa1)
tbujak
90120
HH Global-Boeing
90120 editorial
file://sanjfs5.sa1.com/Sandy2/90120
90120 editorial2
9 0
1 2
0 e
d ito
ria l
90120editorial
9 0
1 2
0 e
d ito
ri a
l 2
2
2
We booked record orders in 2021 for new and converted Boeing freighters, including 84 orders for our 767, 777 and 747 freighters.
As air traffic rebounded and operators looked for more efficient ways to procure parts and service for their fleets, Boeing also reached a record high for e-commerce parts sales in a single year with more than $2 billion in 2021.
Defense, Space and Security Missions
Boeing’s Defense, Space and Security portfolio continues to deliver on its mission to equip the U.S. government and allied nations with the latest advanced technologies and products. We are focused on providing our security customers —who require speed and flexibility— digital solutions and cutting-edge products and platforms that meet the growing demand in the global security market.
In 2021, we delivered 169 total aircraft including Norway’s first P-8A Poseidon and the first KC-46A tanker to the Japan Air Self-Defense Force. The KC-46A has been approved by the U.S. Air Force to refuel almost 70% of receiver aircraft and is successfully flying refueling missions with operators — delivering more than 60 million pounds (27 million kilograms) of fuel to a wide range of aircraft.
Our commitment to support our space mission with uncrewed and crewed flights of the CST-100 Starliner remains steadfast, and we continue to work closely with NASA as we go forward.
Progress on Development Programs
Our defense development programs are making good progress, as we successfully completed the first carrier tests with the U.S. Navy for the MQ-25 uncrewed aerial refueler and started flight testing on the second uncrewed Airpower Teaming System. We are also integrating our learnings from the defense programs into our commercial development process.
As proudly featured on our front cover this year, the 777X made its international debut at the Dubai Airshow in November—the first in- person international air show since the height of the pandemic. We continue to guide the airplane through a comprehensive and rigorous test program to demonstrate its safety, performance and reliability as we engage with the FAA and global regulators on our progress, and look forward to delivery of the first airplane.
Our customers recognize the compelling economics and sustainability benefits — including 10 percent improvement in fuel efficiency and emissions over the competition— of the 777X, which will be the world’s largest and most efficient twin-engine jet. We are also excited to have launched the latest member of the 777X family, the 777-8 Freighter, with an order for up to 50 from launch customer Qatar Airways.
Throughout our development process, we are considering the full life-cycle of our products and services in close
collaboration with our customers in order to offer mutually-beneficial solutions. In doing this, we are developing new ways to share data through a digital thread that will integrate our products, customers and suppliers. We are utilizing new innovation and digital enablement as a strategic capability during the development of new products and services.
We are also advancing our development of the 737-7 and 737-10. The 737-7, the smallest airplane in the 737 MAX family, has completed its flight test program. Boeing is now working with the FAA to complete all deliverables for type certification. The 737-10, the largest airplane in the 737 MAX family which can carry up to 230 passengers, completed a successful first flight in June.
Our Digitally-Enabled Future
In September, Boeing launched an integrated approach to all digital efforts to support our next suite of products within a digital ecosystem. This fully dedicated team is creating the digital environment where the next new airplane and production system can be designed together, providing significant benefits in first-time quality throughout the design and manufacturing process. This digital environment will provide connectivity for data-driven decision making from design and production to manufacturing and services.
The effort builds upon years of learnings from programs across Boeing, including the first digitally designed aircraft developed for the
Flair Airlines introduces 737 MAX into service
737-10 first flight
Ryanair introduces 737-8-200 into service
United Airlines orders 200 737 MAX airplanes
JUNE AUGUST SEPTEMBER NOVEMBER DECEMBER
India Directorate General of Civil Aviation (DGCA) approval
Civil Aviation Authority of Malaysia approval
Civil Aviation Authority of Singapore approval
Akasa Air orders 72 737 MAX airplanes
SpiceJet returns 737 MAX to service
South Korea Ministry of Land, Infrastructure and Transport approval
Singapore Airlines returns 737 MAX to service
Civil Aviation Administration of China approval
Indonesia DGCA approval
Civil Aviation Authority of Vietnam approval
We booked record orders in 2021 for new and converted Boeing freighters, including 84 orders for our 767, 777 and 747 freighters.
As air traffic rebounded and operators looked for more efficient ways to procure parts and service for their fleets, Boeing also reached a record high for e-commerce parts sales in a single year with more than $2 billion in 2021.
Defense, Space and Security Missions
Boeing’s Defense, Space and Security portfolio continues to deliver on its mission to equip the U.S. government and allied nations with the latest advanced technologies and products. We are focused on providing our security customers —who require speed and flexibility— digital solutions and cutting-edge products and platforms that meet the growing demand in the global security market.
In 2021, we delivered 169 total aircraft including Norway’s first P-8A Poseidon and the first KC-46A tanker to the Japan Air Self-Defense Force. The KC-46A has been approved by the U.S. Air Force to refuel almost 70% of receiver aircraft and is successfully flying refueling missions with operators — delivering more than 60 million pounds (27 million kilograms) of fuel to a wide range of aircraft.
Our commitment to support our space mission with uncrewed and crewed flights of the CST-100 Starliner remains steadfast, and we continue to work closely with NASA as we go forward.
Progress on Development Programs
Our defense development programs are making good progress, as we successfully completed the first carrier tests with the U.S. Navy for the MQ-25 uncrewed aerial refueler and started flight testing on the second uncrewed Airpower Teaming System. We are also integrating our learnings from the defense programs into our commercial development process.
As proudly featured on our front cover this year, the 777X made its international debut at the Dubai Airshow in November—the first in- person international air show since the height of the pandemic. We continue to guide the airplane through a comprehensive and rigorous test program to demonstrate its safety, performance and reliability as we engage with the FAA and global regulators on our progress, and look forward to delivery of the first airplane.
Our customers recognize the compelling economics and sustainability benefits — including 10% improvement in fuel efficiency and emissions over the competition—of the 777X, which will be the world’s largest and most efficient twin-engine jet. We are also excited to have launched the latest member of the 777X family, the 777-8 Freighter, with an order for up to 50 from launch customer Qatar Airways.
Throughout our development process, we are considering the full life-cycle of our products and services in close
collaboration with our customers in order to offer mutually-beneficial solutions. In doing this, we are developing new ways to share data through a digital thread that will integrate our products, customers and suppliers. We are utilizing new innovation and digital enablement as a strategic capability during the development of new products and services.
We are also advancing our development of the 737-7 and 737-10. The 737-7, the smallest airplane in the 737 MAX family, has completed its flight test program. Boeing is now working with the FAA to complete all deliverables for type certification. The 737-10, the largest airplane in the 737 MAX family which can carry up to 230 passengers, completed a successful first flight in June.
Our Digitally-Enabled Future
In September, Boeing launched an integrated approach to all digital efforts to support our next suite of products within a digital ecosystem. This fully dedicated team is creating the digital environment where the next new airplane and production system can be designed together, providing significant benefits in first-time quality throughout the design and manufacturing process. This digital environment will provide connectivity for data-driven decision making from design and production to manufacturing and services.
The effort builds upon years of learnings from programs across Boeing, including the first digitally designed aircraft developed for the
3
90120_editorial.indd 3 2/28/22 6:51 PM
C M 2925 431
02.28.2022 19:13PM
8.375 in x 10.875 in
larryl (sa1) (sa1)
tbujak
90120
HH Global-Boeing
90120 editorial
file://sanjfs5.sa1.com/Sandy2/90120
90120 editorial3
9 0
1 2
0 e
d ito
ria l
90120editorial
9 0
1 2
0 e
d ito
ri a
l 3
3
3
“It’s said that we are what we repeatedly do, and that excellence is therefore not an act but a habit. The challenges we are working through today on the 787 program will position us for sustained excellence and success in the long term.”
MATTHEW BUCALO 787 Chief Mechanic
To learn more about equity, diversity and inclusion at Boeing in 2021, scan the QR code with your smartphone.
United States Air Force, the T-7A Red Hawk. Our production line employees on the T-7A already attest firsthand that their experiences working in this digital, collaborative environment are favorable.
While the initial intent is to leverage the team to inform digital development of the next commercial airplane, the work to increase data collaboration across the entire company will support development, production, and manufacturing in our defense and services businesses as well.
Sustainable Aerospace
At Boeing, sustainability is rooted in our values, our stakeholders’ expectations, and encompasses our focus on environmental stewardship, social progress and inclusion, and values- based, transparent governance.
As a company whose purpose is to protect, connect and explore our world and beyond, we fully support the importance of safe and sustainable aerospace. We envision that by 2050 air travel will carry more than 10 billion passengers a year, and support 180 million jobs, safely and sustainably. We are collectively inspired and motivated by a united purpose — enabling all of humanity to take flight safely, including the 80% of people around the world who have yet to take their first flight.
At the same time, commercial and defense customers and governments around the globe are committing to
bold climate change ambitions. We support our industry’s commitment to achieve net zero carbon emissions by 2050 and are already partnering across the sector to decarbonize.
The actions we have already taken include our commitment to deliver commercial airplanes that will be capable of flying on 100% sustainable aviation fuels by 2030. Additionally, we recently announced a further investment in Wisk Aero to advance its 6th generation electric vertical take-off and landing (eVTOL) aircraft. Wisk, a joint venture established in 2019 by Boeing and Kitty Hawk Corporation, is dedicated to delivering safe, everyday flight for everyone. We’ll continue to share the progress we make through our annual Sustainability Report, which we published for the first time in 2021, underscoring our commitment to advancing sustainable aerospace for the greater good of our customers, our industry and the environment.
Our Culture of Inclusion
Our teammates collaborate to make the world better— creating powerful technologies, services and products that connect the globe, protect freedoms and borders, and advance scientific discovery from the seabed to deep space. Our ability to innovate and achieve success depends on our diverse, global team working together, supporting one another and living our values.
4
90120_editorial.indd 4 2/28/22 6:51 PM
C M Y K 2925
431
02.28.2022 19:13PM
8.375 in x 10.875 in
larryl (sa1) (sa1)
tbujak
90120
HH Global-Boeing
90120 editorial
file://sanjfs5.sa1.com/Sandy2/90120
90120 editorial4
9 0
1 2
0 e
d ito
ria l
90120editorial
9 0
1 2
0 e
d ito
ri a
l 4
4
4
Across Boeing, we are committed to investing in our teams’ career development and fostering an atmosphere where all teammates can bring their whole selves to work and grow in their Boeing careers with opportunities to develop and make an impact. This longstanding promise to our team is especially critical as the competition for talent grows increasingly fierce. We also continue to focus on growing and developing our engineering talent pipeline. The work we do across commercial, space, defense and services changes the world — and our engineers are at the forefront.
As we build a more inclusive workplace, it is important for all voices to be valued and heard every day. We encourage employees, managers and colleagues to seek, speak and listen in all interactions, and when challenges arise, reach out and ask questions to get to the heart of the matter. It’s through this openness that we better communicate, operate, and innovate as a company.
We will continue to share progress on our commitment to advance equity, diversity and inclusion within Boeing and beyond as
Collepals.com Plagiarism Free Papers
Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Get ZERO PLAGIARISM, HUMAN WRITTEN ESSAYS
Why Hire Collepals.com writers to do your paper?
Quality- We are experienced and have access to ample research materials.
We write plagiarism Free Content
Confidential- We never share or sell your personal information to third parties.
Support-Chat with us today! We are always waiting to answer all your questions.