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The Top 4 Boeing Shareholders

if you’ve ever flown the friendly skies, there’s a good chance that you’ve probably sat in a plane made by The Boeing Company (BA). Boeing has grown to become a global leader in the aircraft manufacturing industry. But the company is also one of the most well-known names in the aerospace and defense sectors in the United States. In 2019, the 103 year-old company faced a crisis falling the fatal crashes of two of its 737 MAX jets in 2018 that killed 346 people. Boeing has delayed the return of the 737 MAX multiple times as it awaits regulatory approval to continue selling it. CEO, Dennis Muilenberg, was ousted on December 23rd, 2019, and replaced by Chairman David Calhoun, a long time board member.

In this article, we look at the company’s history and profile and Boeing’s top four individual shareholders. Unless otherwise stated, all information about individual shares held are from the company’s annual shareholder meeting filing with the U.S. Securities and Exchange Commission (SEC) from April 29, 2019.

Key Takeaways

  • Boeing is a multinational corporation with three different divisions.
  • The commercial airplane division produces some of the world’s most well-known models.
  • Worth $26 billion, Boeing’s defense, space, and security division serves defense, government, space, intelligence, and security customers.
  • The Boeing Global Services unit provides digital aviation and analytics, and engineering services.
  • The top four shareholders include Dennis Muilenberg, Gregory Smith, Leanne Caret, and Kenneth Duberstein.

Company History and Profile

Boeing was founded in 1916, just a few years after the Wright brothers’ famous Kitty Hawk flight. It started out with a single single canvas-and-wood airplane to become the world’s largest airplane manufacturer and aerospace company. The multinational company, which is among the top 50 on the Fortune 500 list, is based in Chicago. The corporation boasts more than 150 government clients across the world and operates three business divisions—all of which are supported by Boeing Capital Corporation, which provides financing for Boeing customers.

Aviation authorities grounded Boeing’s 737 MAX following two different accidents that led to hundreds of fatalities.

Commercial Airplanes

Boeing’s commercial airplane unit is probably one of the best known of its divisions. According to the company’s website, there are more than 10,000 jetliners in service. Headquartered in Seattle, this unit employs more than 60,000 people across the world. Kevin McAllister is the division’s president and CEO.

The commercial airplane division makes some of the world’s most well-known airplanes including business jets and freighters, as well as the 777, 767, 747-8, and the 737. Boeing’s fourth generation 737—the 737 MAX—was grounded until further notice following two different accidents. The first involved a Lion Air flight that crashed into the Java Sea in October 2018. The second 737 MAX was an Ethiopian Airlines flight that crashed minutes after take-off in March 2019.

Defense, Space, and Security

This division is headed up by president and CEO Leanne Caret. The range of defense products include fighter jets, surveillance equipment, cybersecurity products, advanced weapons, and missile defense aircraft. The company says the unit—which caters to defense, government, space, intelligence, and security customers—is worth $26 billion.

Boeing Global Services

Boeing’s Global Services is overseen by president and CEO Stanley A. Deal, who took over the roles in 2016. The division serves both commercial and government clients. According to the company’s website, the unit provides innovative services in a variety of areas including digital aviation and analytics, and engineering. it also provides clients with training support and supply chain logistics.


On July 24, 2019, Boeing reported it second quarter earnings. Revenue for the quarter was $15.75 billion, a 35% drop from total revenue of $24.25 reported during the same period in 2018. As of November 19, 2018, Boeing’s market capitalization was $193.57 billion.

Dennis A. Muilenburg

Dennis A. Muilenburg was the CEO, of Boeing until December 23rd, 2019, when he was ousted after failing to stem the public relations and financial crisis surrounding the company’s 737 MAX jets. Muilenburg joined Boeing in 1985 and has held positions in its Programs & Engineering for Boeing Air Traffic Management department, Combat Systems division, and Boeing Defense, Space & Security (BDS) before becoming president and CEO of the Boeing Company. Muilenburg has a bachelor’s degree in aerospace engineering and an honorary doctor of science degree from Iowa State University. He holds a master’s degree in aeronautics and astronautics from the University of Washington.

Muilenburg was reported as having a total of 239,419 shares in the company, but it is still to be determined what will happen to his shares following his resignation.

Gregory D. Smith

Gregory D. Smith is the chief financial officer (CFO) and executive vice president of Enterprise Performance & Strategy at Boeing. Smith has held numerous positions at Boeing including corporate controller and vice president of Finance, as well as vice president of Corporate Financial Planning and Analysis. Smith received his bachelor’s degree from Kennedy-Western University.

The company reported Smith holds 184,808 shares of the company as per its annual shareholder meeting filing from April 29, 2019.

Leanne G. Caret

Leanne G. Caret is the president and CEO of the company’s Defense, Space & Security segment. Before taking on these roles, she was president of Boeing’s Global Services & Support organization and CFO of the BDS division. Caret has an undergraduate and a graduate degree in business administration from Wichita State University.

Caret had a total of 73,842 shares in the company.

Kenneth M. Duberstein

Kenneth M. Duberstein is one of Boeing’s board of directors. Duberstein is the founder, chairman, and CEO of the Duberstein Group, which advises and advocates on behalf of corporations and trade associations. Duberstein served in the White House during the Ronald Reagan administration.

Duberstein was reported to have 65,395 shares in Boeing.

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