May 2005 
Volume 04, Issue 1 
Main Feature

The Boeing Company's subsidiaries play key visible roles in supporting the company's Vision 2016 strategies of running healthy core businesses, leveraging strengths into new products and services and opening new frontiers. Take a look at some short profiles of a few of Boeing's many subsidiaries:

Meet the subsidiaries: Boeing Realty Corporation

Meet the subsidiaries: Boeing Realty CorporationBoeing Realty Corporation is a wholly owned subsidiary of The Boeing Company, responsible for all aspects of real estate acquisitions and dispositions, leasing, and development of surplus properties for Boeing. Boeing Realty originally was part of McDonnell Douglas, and became Boeing Realty Corp. after the 1997 merger with Boeing.

The properties in Boeing's real estate portfolio total about 100 million square feet and have an asset value of $5 billion. Boeing Realty has been working to maximize the value of surplus Boeing real estate through redevelopment.

"This strategy of redeveloping surplus property revitalizes underused real estate, creating value for shareholders and benefiting the local communities where Boeing employees and business interests reside," said Steve Barker, president of Boeing Realty.

Boeing Realty's expertise spans remediation, entitlements, master planning and infrastructure development. The organization has developed more than 7 million square feet of commercial space and brought more than 1,000 acres of mixed-use development to the market and completed 50 major development projects throughout the United States.

Boeing Realty's current projects include 1,000 acres of land in various stages of development, with a market value when fully built-out of $1.5 billion.

Boeing Realty Corporation is headquartered in Irvine, Calif., with offices in St. Louis and Bellevue, Wash.

Meet the subsidiaries: Jeppesen

Meet the subsidiaries: Jeppesen Boeing acquired Jeppesen, the world's top provider of flight information services, in October 2000. Jeppesen is known worldwide for the navigational services it has provided to pilots for more than 70 years. It's also a leading provider of flight planning, operations management and training services, airspace use and design consulting services, and even has an emerging presence providing similar services in the marine market.

"The acquisition of Jeppesen was key to Boeing's strategic growth plan," said Lou Mancini, vice president and general manager of Commercial Aviation Services. "Its brand is powerful, and its customer base comprises nearly every airline in the world. If you're a pilot, no matter what you're flying, you know Jeppesen."

Jeppesen employs more than 1,850 people worldwide. In addition to its Englewood, Colo., headquarters, Jeppesen has significant operations in Frankfurt, Germany; London; Beijing; Moscow; and numerous other locations throughout the United States. In March, Jeppesen opened an office in Canberra, Australia.

Meet the subsidiaries: Boeing Australia Meet the subsidiaries: Boeing Australia

Boeing Australia Holdings, a subsidiary to The Boeing Company, provides manufacturing support to Commercial Airplanes and Integrated Defense Systems through acquired companies such as most of Rockwell's Australian operations, ASTA (formerly AeroSpace Technologies of Australia) and Hawker de Havilland.

Hawker de Havilland supplies high-tech aero components to every major aircraft manufacturer including Lockheed Martin, Bombardier and Airbus.

"Boeing Australia is an excellent example of how Boeing is expanding its business around the world," said Boeing Australia President Andrew Peacock. "Our great relationships with airline customers and with the Australian government in our defense business continue the company's ability to run a healthy core business."

Boeing Australia employs more than 3,300 people—more than half of Boeing's international employee base—at locations in Brisbane, Melbourne, Sydney and Canberra.

Meet the subsidiaries: Boeing Travel Management Co.

Meet the subsidiaries: Boeing Travel Management Co. Boeing Travel Management Company, a wholly owned subsidiary of The Boeing Company, handles all Boeing business travel and serves other corporate clients and leisure travelers as well.

With airline ticket sales in 2004 totaling $274 million, Boeing Travel Management Company is ranked the 19th-largest U.S. travel company as rated by industry trade publication Business Travel News.

"Boeing Travel knows the business of Boeing," said Marsha Landgraf-Leeg, chief operating officer. "We work closely with other organizations that have roles in the travel process—Travel Accounting, Security, Medical and the like—to ensure we all provide the best, integrated [and] Lean travel solutions."

The agency has offices in Hazelwood, Mo., Huntington Beach, Calif., and Tukwila, Wash. It employs about 200 people.

Meet the subsidiaries: Alteon

Meet the subsidiaries: AlteonAlteon, formerly known as FlightSafety Boeing Training International, has been a wholly owned Boeing subsidiary since October 2002.

Its 20 locations worldwide provide pilot training courses for carriers operating airplanes larger than 100 seats. Alteon also offers training for airline technicians and cabin crews. Cabin safety training, technical assistance with operating procedures, route planning, and information on industry safety initiatives are just some of its offerings.

"Having Alteon as a Boeing subsidiary provides real value to Boeing and its customers by making training and information easy to obtain," said Lou Mancini, vice president and general manager of Commercial Aviation Services for Boeing Commercial Airplanes.

First established in 1997 as a joint venture between Boeing and FlightSafety International, Alteon is the world's first full-service aviation training provider and employs more than 600 people.


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