Boeing is an American Company multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. The company also provides leasing and product support services. It is among the largest global aerospace manufacturers; it is the fifth-largest defense contractor in the world based on 2017 revenue and is the largest exporter in the United States by dollar value. the company stock is included in the Dow Jones Industrial Average. And it is incorporated in Delaware. The company was founded by William Boeing on July 15, 1916, in Seattle, Washington. The present corporation is the result of the merger of Boeing with McDonnell Douglas on August 1, 1997. Former chair and CEO Philip M. Condit continued as the chair and CEO of the new company, while Harry Stonecipher, former CEO of McDonnell Douglas, became the president and chief operating officer of the newly merged company. The Corporation has its corporate headquarters in Chicago, Illinois. The company is led by President and CEO Dennis Muilenburg. The Company has five primary divisions: Boeing Commercial Airplanes (BCA) Boeing Defense, Space & Security (BDS) Engineering, Operations & Technology Boeing Capital Boeing Shared Services Group. In 2017 the company recorded US$93.3 billion in sales, ranked 24th on the Fortune magazine "Fortune 500" list (2018), ranked 64th on the "Fortune Global 500" list (2018), and ranked 19th on the "World's Most Admired Companies" list (2018).