The Boeing Company ... Launching Coordinated Pairs
To ensure our continued success, we support our most critical resource: the people of Boeing ... At Boeing, we inspire and recognize individual talent, provide job security based on performance, and foster a team spirit and the feeling of personal satisfaction that comes from a job well done.
-- Frank Shrontz
By 1978, the national economy was recovering and airline traffic was on an upswing, particularly on shorter, domestic flights. Boeing astonished the aircraft industry by announcing it was building two new airplanes, the 757 and the 767.
They were designed to be more fuel efficient during a time when gas costs were soaring and met new noise requirements. They shared so many common features that airlines found maintenance more efficient and pilots could fly both airplanes with the same type rating.
During the late 1950s and the early 1960s, two twin-turbine designs for transport helicopters, the CH-46 Sea Knight and the CH-47 Chinook, became the basis for most of the Boeing helicopter business. The CH-47D Chinook could carry nearly twice the payload carried by the CH-57A and evolved into the even more powerful MH-47E special-operations helicopter. In 1980 Boeing produced the Model 234, the commercial derivative of the CH-47 Chinook military helicopter. First built for British Airways for service in the North Sea, it was later used to harvest timber and fight forest fires.
As the '80s passed, Boeing commercial airliners and their military versions became the mainstays of civilian airlines and defense systems. Military projects included the V-22 Osprey tiltrotor, theRAH-66 Comanche armed reconnaissance helicopter, the F-22 fighter, the Avenger air defense system and the Roland surface-to-air missile system.
Frank Shrontz became president of The Boeing Company in 1985, chief executive officer in 1986 and board chairman in 1988. Under Frank Shrontz, the company's military and space businesses were brought together under Boeing Defense & Space Group. The other two company business units were the Boeing Commercial Airplane Group and Boeing Computer Services.
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