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A Brief Look at Boeing’s Business Support Units

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Support units

Boeing Capital Corporation, Shared Services Group, and Boeing Engineering, Operations, and Technology are Boeing’s business support units that help the prime business units function smoothly.

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Boeing Capital Corporation

Boeing Capital Corporation provides asset-based leasing and lending services to its customers globally. It helps ensure that the company’s customers have the financing they need to buy and take delivery of their products, as well as manage their overall financing exposure.

This support unit handles equipment under finance leases, operating leases, assets held for sale or release and investments, notes, and other receivables. Boeing Capital’s two divisions are the Aircraft Financial Services and the Space and Defense Financial Services.

Shared Services Group

Boeing’s Shared Services Group (or SSG) is responsible for providing various business units and corporate offices with a variety of services that support the competitive design and manufacture of aerospace and defense products. This unit provides:

  • business continuity
  • conservation programs
  • creative services
  • disaster preparedness
  • employee benefits and services
  • facilities services
  • fire protection
  • reclamation
  • recruitment
  • security
  • site operations
  • transportation
  • travel services
  • virtual workplace
  • wellness programs

The Shared Services Group also manages the purchase of all non-production goods and services. The unit also manages the sale and acquisition of all leased and owned property.

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Engineering, Operations, and Technology

Boeing’s Engineering, Operations & Technology (or EO&T) unit consists of three organizational groups: Research and Technology, Information Technology, and Intellectual Property Management. EO&T helps support the growth of the company’s business units and focuses on strategy by providing appropriate technologies, human resources, and procedures across the company.

EO&T also provides innovative technology and process solutions, seeks new strategic programs, enhances and protects its intellectual capital, and nurtures a culture of innovation.

Boeing’s (BA) competitors include Lockheed Martin (LMT), Raytheon (RTN), General Dynamics (GD), Northrop Grumman (NOC), and United Technologies (UTX). The iShares US Industrials ETF (IYJ) has a 3.64% exposure to Boeing stock, while the Industrial Select Sector SPDR ETF (XLI) has a 5.17% exposure to BA.

Next, let’s take a look at how Boeing performed in 2014.

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