THE BOEING COMPANY

# Boeing Company - Vendor Assessment

## Agency Concentration Risk

Boeing demonstrates extreme concentration risk, with the Department of Defense accounting for 69% ($145.9B) of total obligated value across 968 awards. NASA represents the secondary revenue stream at 30.6% ($64.5B) with only 18 awards, indicating high-value contract dependency. Combined, these two agencies represent 99.6% of Boeing's federal portfolio, leaving minimal diversification across the remaining 6 agencies. This concentration creates significant vulnerability to budget fluctuations, policy shifts, or contract competition within defense and space sectors.

## Contract Expiry Exposure

Boeing faces substantial near-term renewal risk with $121.6B (57.7%) of total obligated value expiring within 18 months. This represents a critical recompete window, particularly concerning given the concentration within DoD and NASA contracts. The expiration timeline necessitates aggressive capture and proposal management strategies to maintain revenue continuity.

## NAICS Diversification

Boeing operates across 10 NAICS codes with heavy specialization in aerospace manufacturing. Aircraft parts manufacturing (336413) dominates with 476 awards, followed by aircraft manufacturing (336411) with 134 awards. These two codes represent the core business. Engineering services (541330) provides modest diversification with 72 awards, but overall portfolio remains tightly focused on aerospace production and related technical services.

## Strategic Outlook

Boeing's federal contracting position remains strategically strong but operationally constrained. The company must prioritize DoD and NASA contract renewals while exploring adjacent defense technology markets to reduce agency concentration. Expansion into emerging areas like space logistics, advanced manufacturing, or cybersecurity could provide portfolio resilience.