boeing-competitors

Boeing Competitors

Boeing is best known for designing and manufacturing commercial aircraft, but the company also produces helicopters, rockets, satellites, spacecraft, missiles, and telecommunications infrastructure. Founded in 1916 by William Boeing in Seattle, Washington, the company is one of the largest aerospace manufacturers and defense contractors in the world.

Airbus

Airbus and Boeing have a rivalry stretching back decades, with both dominating the commercial aviation industry at various times. 

Airbus is a French manufacturer of commercial aircraft and is one of the largest patent holders in the world with over 370 registered trademarks. Like Boeing, Airbus also designs and manufactures military aerospace products but with a particular focus on turbine helicopters.

In 2019, Airbus delivered 863 jets to clients, overtaking Boeing to become the world’s largest aircraft manufacturer for the first time since 2011.

Embraer

Embraer is a Brazilian aerospace conglomerate producing aircraft for commercial, military, agricultural, and executive purposes. Founded in 1959 by Ozires Silva, the company is the third-largest producer of civilian aircraft behind Boeing and Airbus.

In 2018, Boeing announced a joint venture with Embraer which would result in the company owning 80% of the Embraer commercial aviation division. However, this venture was terminated two years later as Boeing dealt with the financial fallout of the COVID-19 pandemic and the 737 Max problems.

Northrup Grumman

Northrup Grumman is an American weapons manufacturer and military technology provider. Revenue for the 2020 financial year was $33.841 billion, with 75% of that coming from defense contracts.

With a history of developing technically superior military aircraft, Boeing faces stiff competition from the company. It successfully developed the B-2 Spirit, the world’s only know stealth bomber. Northrup Grumman is also in the process of developing rocket boosters for NASA and an orbiting telescope observatory.

Lockheed Martin

Lockheed Martin is an American aerospace, defense, security, and advanced technology company. 

The company is the world’s largest defense contractor, with a significant proportion of revenue coming from U.S. government contracts. These contracts involve combat and transport aircraft, missile defense systems, fire control systems, energy management solutions, and manned and unmanned ground vehicles.

The company is also a contractor for NASA, where it develops reusable command modules and space surveillance systems.

SpaceX

how-does-spacex-make-money
– SpaceX is a space transportation service and manufacturer of space rockets and other transport vehicles. It was founded by Elon Musk in 2002. – SpaceX makes money by charging both governmental and commercial customers to send goods into space. These goods include ISS supplies and infrastructure, but also people and satellites for various purposes. – SpaceX is also in the process of creating its Starlink network, designed to give every citizen access to fast and affordable internet.

SpaceX was founded by billionaire entrepreneur Elon Musk in 2002. The company designs and manufacturers space rockets, launch vehicles, engines, spacecraft, and communications satellites.

who-is-elon-musk
Elon Musk, seen as one of the most visionary tech entrepreneurs from the Silicon Valley scene, started his “career” as an entrepreneur at an early age. After selling his first startup, Zip2, in 1999, he made $22 million, which he used to found X.com, which would later become PayPal, and sell for over a billion to eBay (Musk made $180 million from the deal). He founded other companies like Tesla (he didn’t start it but became a major investor in the early years) and SpaceX. Tesla started as an electric sports car niche player, eventually turned into a mass manufacturing electric car maker.

With a focus on space exploration and design, SpaceX is in direct competition with Boeing’s Defense, Space, and Security division. Both companies have been actively competing against each other for NASA contracts for over a decade. 

While Boeing has enjoyed a long working history with NASA, SpaceX has recently developed an edge because of its culture, speed, and flexibility to offer a better price. As more credence is given to space exploration in the future, Boeing will need to adopt similar characteristics to remain a major player.

Key takeaways

  • Boeing was founded in 1916 by William Boeing. In addition to designing and manufacturing commercial aircraft, Boeing also sells rockets, satellites, military aircraft, and telecommunications infrastructure.
  • Boeing’s main competitor is arguably Airbus, which recently took the mantle as the world’s largest manufacturer of commercial aircraft. Embraer is also a major player that Boeing tried to acquire before becoming plagued by financial difficulties.
  • Northrup Grumman and Lockheed Martin are the major Boeing competitors in terms of military aircraft and equipment. In Space exploration, SpaceX is threatening to disrupt Boeing’s long-term relationship with NASA.

Read Also: How Does SpaceX Make Money, Microsoft Subsidiaries, Google Subsidiaries, Amazon Subsidiaries, Warren Buffett Companies, Bill Gates Companies, Jeff Bezos Companies, Proptech Companies, Fintech Companies.

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Gennaro Cuofano

Gennaro is the creator of FourWeekMBA which reached over a million business students, executives, and aspiring entrepreneurs in 2020 alone | He is also Head of Business Development for a high-tech startup, which he helped grow at double-digit rate | Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy | Visit The FourWeekMBA BizSchool | Or Get The FourWeekMBA Flagship Book "100+ Business Models"