Summary
- Boeing is a global aerospace company with manufacturing, defense, and strategic intelligence divisions.
- Institutional investors and entities like The Vanguard Group and BlackRock own most of Boeing’s shares.
- Other significant shareholders include Timothy J. Keating, Leanne G. Caret, and various mutual funds.
The Boeing Company is one of the largest global aerospace companies. It primarily manufactures aircraft, rockets, missiles, telecommunication equipment, and satellites. Boeing also develops strategic defense and intelligence systems. Boeing is the third-largest defense contractor in the world, with a market cap of over $100 billion. Established in 1916, the company is headquartered in Chicago, Illinois.
According to CNN Business,
“The Boeing Co. is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space, and security systems. It operates through the following segments: Commercial Airplanes (BCA), Defense, Space and Security (BDS), Global Services (BGS), and Boeing Capital (BCC).”
The Boeing Company has four major divisions: Boeing, Commercial Airplanes, Boeing Defense, Space and Security, and Boeing Capital. More than 150,000 employees work in different divisions at Boeing. In 2021, the company recorded an annual revenue of $62.3 billion. With the company ramping up deliveries of the 737 MAX and 787 Dreamliner, the future seems bright for the manufacturing giant.
|
Boeing business sector |
Operating segment |
Revenue |
Percentage |
|---|---|---|---|
|
Commercial Airplanes: |
Responsible for the development and production of commercial aircraft and providing fleet support services to customers |
$36 billion |
44% |
|
Defense, Space, and Security: |
Engaged in researching, developing, producing, and modifying manned and unmanned military aircraft and weapon systems. |
$26 billion |
32% |
|
Global Services: |
Products and services, including supply chain management, engineering, maintenance, and pilot training for commercial and defense customers. |
$20 billion |
24% |
|
Total Revenues in FY2024: |
$83 billion |
100% |
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Ownership of The Boeing Company
- Insiders: 0.85%
- Mutual Funds: 22.06%
- Other Institutional Investors: 17.08%
- Public Companies and Individual Investors: 60.01%
Institutional investors own most of the company by a percentage of shares, approximately 61.67%, to be more precise. In 2019, such investors purchased company shares worth $5.6 million. There are other shareholders in the company, including individuals and incorporations. Other top shareholders are Timothy J. Keating, Leanne G. Caret, Theodore Colbert, The Vanguard Group, Inc., and BlackRock, Inc.
Timothy Keating is a retired US Navy Admiral with over 38 years of service. Leanne Caret is a former president and CEO of Boeing Defense, Space, and Security (BDS). She started her career with Boeing in 1988 and later joined the management team. She became the Vice President and General Manager of the Vertical Lift division within the BDS.
She also served as BDS’s Chief Financial Officer and Vice President before taking on the role of President and CEO in February 2016. Caret retired as President of BDS in 2022. In 2017 and 2018, she was named one of Fortune’s Most Powerful Women.
Photo: Thiago B Trevisan | Shutterstock
According to Macrotrends,
- Annual revenue for 2021: $62.286B, a 7.1% increase from 2020.
- Annual revenue for 2022: $66.608B, a 6.94% increase from 2021.
- Annual revenue for 2023 was $77.794B, a 16.79% increase from 2022.
- Revenue for the twelve months ending March 31, 2024, was $76.442B, an 8.37% increase year-over-year.
- Revenue for the quarter ending March 31, 2024, was $16.569B, a 7.54% decline year-over-year.
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Largest owners and mutual funds
Apart from institutional investors, who own the majority of shares in Boeing, numerous individuals and companies are also stakeholders. Vanguard Group Inc. has one of the most significant stakes in the company, with an ironic 7.47% of Boeing. The company owns over 45 million shares valued at over $8.64 billion. Another major investor is Newport Trust Co., which has a 5.73% stake in Boeing.
The company owns over 34.5 million shares valued at over $6.6 billion. BlackRock Fund Advisors own a stake of 4.69% with over 28 million shares. The total value of the shares is $5.42 billion. There is a list of other individual investors and companies that own anywhere between 0.5% and 4% of the Boeing company’s stake.
Several mutual funds hold stakes in Boeing. The Vanguard Total Stock Market ETF has a stake of 3.11% and over 18.7 million shares, worth $3.59 billion. The Vanguard 500 Index Fund has a stake of 2.26% and owns 13.6 million shares.
Photo: Boeing
The total value of those shares is over $2.6 billion. The American Funds Growth Fund of America has a stake of 1.14% in the company, owning over 6.9 million shares. The total value of the shares is over $1.32 billion. There is a list of other mutual fund holdings with a stake of between 0.8% and 1.2% in Boeing.
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