THE BOEING COMPANY

# Boeing Company - Vendor Assessment

## Agency Concentration Risk

Boeing demonstrates extreme concentration risk, with the Department of Defense commanding 69% ($145.9B) of total obligated value across 968 awards. NASA represents the secondary dependency at 30.6% ($64.5B), collectively accounting for 99.6% of the vendor's federal portfolio. This two-agency reliance creates substantial vulnerability to budget fluctuations, policy shifts, or contract terminations within defense and aerospace sectors. The remaining six agencies contribute negligibly at 0.4% combined.

## Contract Expiry Exposure

$67.1B in obligated value expires within 18 months, representing 31.8% of Boeing's total federal contract portfolio. This significant near-term exposure indicates substantial rebid risk and potential revenue disruption. Successful contract renewals are critical to maintaining current revenue streams, particularly for DoD-related programs.

## NAICS Diversification

Boeing operates across 10 NAICS codes with heavy concentration in aerospace manufacturing. The top five codes represent 96.8% of awards, dominated by aircraft parts manufacturing (475 awards) and aircraft manufacturing (134 awards). Engineering services (72 awards) provides modest diversification. This narrow specialization aligns with core competencies but limits revenue resilience outside aerospace sectors.

## Strategic Outlook

Boeing faces a high-risk profile characterized by acute agency concentration and substantial near-term contract expiration. The vendor should prioritize DoD and NASA contract renewals while exploring diversification into adjacent federal markets (cybersecurity, infrastructure, energy). Mitigation strategies include expanding non-aerospace NAICS categories and cultivating relationships with secondary agencies.