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With New Services Business, Boeing Plans To Grow Market Share

By Cal Biesecker

Tuesday, November 22nd, 2016

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With New Services Business, Boeing Plans To Grow Market Share

Boeing President and CEO Dennis Muilenburg. Photo: Boeing

The creation next year of a separate operating segment that consolidates most of its current services work for commercial and military customers will help Boeing [BA] increase its market share and significantly grow its services work, the company’s chief executive said on Monday.The company’s long-term, “aspirational” goal is to triple its current services business over the next five to 10 years to about $50 billion annually through market share gains, organic and inorganic investments, and by taking advantage of a…

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