The Boeing Company
Industry: Aerospace & Defense

Boeing Capital Corp. is a worldwide provider of lease and loan financing for commercial aircraft, commercial equipment, corporate aircraft, and space and defense products. The unit has a 30-year history of providing and arranging financing for aircraft and heavy equipment, specializing in complex structures designed to meet the specific requirements of its customers.

Business Summary
The Boeing Company is an aerospace company organized based on the products and services it offers. The Company operates in six principal segments: Commercial Airplanes; Aircraft and Weapon Systems (A&WS), Network Systems, Support Systems and Launch and Orbital Systems (L&OS), collectively Integrated Defense Systems (IDS), and Boeing Capital Corporation (BCC). It also established an Other segment classification, which principally includes the activities of Connexion by Boeing, a two-way data communications service for global travelers, and Boeing Technology, a research and development organization focused on technologies, improved processes and the creation of new products. Effective April 1, 2004, Air Traffic Management, a business unit developing new approaches to a global solution to address air traffic management issues, was absorbed into Phantom Works research division, which is included within Boeing Technology.

Financial Summary
BA develops and produces jet transports, military aircraft and space and missile systems through 4 segments: commercial airplanes, military aircraft and missiles, space and communications and BCC. For the 6 months ended 6/30/05, net sales rose 8% to $28.02B. Net income from cont. ops. before accounting change fell 10% to $1.08B. Results reflect increased service revenues, offset by higher general and administrative expense.