The Boeing Company (NYSE:BA) | Competitors & Competition

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Competition



Commercial Airplanes


The commercial jet aircraft market and the airline industry remain extremely competitive. Boeing faces aggressive international competitors who are intent on increasing their market share, such as Airbus, Embraer and Bombardier and, to some extent, from entrants from Russia (Irkut - United Aircraft Corporation), China (COMAC) and Japan (Honda Aircraft and Mitsubishi Aircraft). Boeing is focused on improving its processes and continuing cost reduction efforts. The company intends to continue to compete with other airplane manufacturers by providing customers with greater value products, services, and support. Boeing continues to leverage its extensive customer support services network which span the life cycle of the airplane: aircraft acquisition, readying for service, maintenance and engineering, enhancing and upgrading, and transitioning to the next model - as well as the daily cycle of gate-to-gate operations. This enables the company to provide a high level of customer satisfaction and productivity.



Boeing Defense, Space & Security (BDS)


Boeing Defense, Space & Security (BDS) faces strong competition in all market segments, primarily from Lockheed Martin, Northrop Grumman, Raytheon Company and General Dynamics. Non-U.S. companies such as BAE Systems and Airbus Group (formerly European Aeronautic Defence and Space Company (EADS)) continue to build a strategic presence in the U.S. market by strengthening their North American operations and partnering with U.S. defense companies. In addition, certain of Boeing's competitors have occasionally formed teams with other competitors to address specific customer requirements. BDS expects the trend of strong competition to continue into 2014 with many international firms pursuing announced intentions of increasing their U.S. presence.

Due to the nature of the defense industry, Boeing occasionally forms teams with other companies that are competitors in other areas to provide customers with the best mix of capabilities to address specific requirements. For example, Lockheed Martin is a key competitor to Boeing but together, the companies own and operate Hellfire Systems, LLC which is a joint venture created to manufacture the AGM-114 Hellfire Missile. The two companies also jointly own and operate United Launch Alliance LLC, which manufactures Delta IV and Atlas V launch vehicles for the U.S. Air Force EELV program. Also, Boeing and Lockheed Martin are both prime contractors on the F-22 Raptor defense program (F-22 no longer produced). Furthermore, Boeing and Bell Helicopter (Textron) formed the Bell-Boeing Joint Project Office to build the V-22 Osprey (CV-22/MV-22) tilt-rotor aircraft.

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