Boeing Fights for Dominance of the Skies



Boeing

Every time you board a commercial jetliner to any destination in the world, it is highly likely that you are on an aircraft made by either Boeing, a huge American multinational aerospace corporation, or Airbus, their equally large European counterpart. Together, these two corporations constantly compete for dominance, or an increased market share at least, of the lucrative global aviation and aerospace market. It all started in March 1910 when a man by the name of William E. Boeing, a former Yale University student and worker in the timber industry, purchased a shipyard in Seattle that he would convert into his first airplane factory. He utilized his knowledge in wooden structure from his previous experience and applied it to the design of aircraft, expertise that proved to be invaluable. The company was not officially renamed “Boeing Airplane Company” until 1917, immediately preceding the US involvement in World War I, in which William Boeing knew that the US Navy would have an urgent need for seaplanes and other military aircraft. After World War I, however, there was a huge surplus of military planes that entered the commercial market, causing many aircraft companies to go out of business as demand plummeted. Boeing, however, survived by differentiating itself and selling such products as dressers, counters, and furniture. Then, in World War II, Boeing experienced exponential growth just like many other aircraft companies. Several decades later, Boeing eventually became the Fortune 500 Company we all know today.
  • Ranked 30th on Fortune magazine “Fortune 500” list
  • Ranked 95th on “Fortune 500 Global” list
  • Ranked 26th on “World’s Most Admired Companies” list
  • 2nd largest aerospace and defense contractor behind Lockheed Martin
Boeing reports annual revenue of $86.623 billion in 2013. In the 1st quarter of 2014, they reported $20.5 billion at earnings of $1.76 a share, beating expectations. In addition, Airbus fell behind Boeing in the race for new airplane deals in the first quarter, as the competition between the two companies continues. Last year, Boeing sold 183 of their revolutionary 787 aircraft, but battery fires they have been experiencing have significantly delayed their plan to bring the 787 into service. Airbus has capitalized on this by selling 239 of their rival A350 plane, which is due to enter service later this year. In addition, they have enjoyed successful sales of their popular A330. However, in what could possibly be a leg up in the international competition, Boeing along with GE Aviation were approved for export licenses to sell spare parts to Iran, which has long been an embargoed country, as part of temporary sanctions relief. Boeing continues to produce aircraft and parts for the 737, 747, 767, 777, and 787, and has produced 745 aircraft and 10 satellites in total. We are sure that the coming year will bring many more developments and advances in the industry as Boeing and Airbus continue to fight for dominance of the skies. Are you currently operating any Boeing platforms? Do you require any Boeing spare parts? Whether you are an airline, aircraft manufacturer, or a distributor, ASAP Semiconductor can support your requirements. We work directly with Boeing as part of their distribution network to supply parts to any and all customers for all of their existing platforms. Contact us today at sales@asapsemi.com and one of our knowledgeable sales staff will be ready to assist you.
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