Boeing leads the aerospace industry and is well known for its manufacturing of military airplanes and commercial airplanes as well as many other things like satellites, missiles, missile defense, and launch systems. Boeing is also the largest commercial and military airplane manufacturer. Boeing separates itself into 5 main divisions: Commercial Airplanes, Boeing Military Aircraft, Global Services and Support, Boeing Capital Corporation, and Network and Space Systems. Their main goal is to continue to lead the industry as well as continue to create new and innovative aircrafts and to meet their entire customer’s growing needs. According to the Fortune 500 list, Boeing leads its competitors with the number 34 spot.
When looking at the table below, it shows the reported sales and net income for Boeing from 2008. As you can see, there was a negative growth in sales from the previous year as well as a negative net income. This number can greatly be attributed to the strike by International Association of Machinists and Aerospace Workers (IAM) that forced the manufacturing factories in Washington to close down for almost three months. So far in 2009, the company has seen a growth in sales, and according to an article entitled “Will Boeing Soar or Get Grounded” by Glenn Curtis, it states that Boeing is already being presently traded more than 21 times the expected amount for 2009. With the release of the 787 Dreamliner occurring within the next year and the large backlog that Boeing currently has, sales and revenue should only continue to increase in the next years to come.
Lockheed Martin Corporation is a large corporation which is known for its efforts in research, design, development, manufacturing, and integration of technological systems. It is divided into four divisions: Electronic Systems, Information Systems and Global Services, Aeronautics, and Space Systems. Lockheed Martin takes up the number 54 spot on the Fortune 500 list and is one of the leaders in the industry. According to the chart below, which can be found on the company website, you can see that the majority of the company’s sales are in dealing with the United States government. The chart below is in reference to the 2007 sales of the company. The main goal sought out by Lockheed is to continually improve global security for its customers. All of their research and products are made to act upon this goal.
The table below references the 2008 sales and net income of Lockheed Martin. As you can see, the company has continued to grow since 2007 and has increased their sales and revenue.