# Who does Boeing pay? Who are its key suppliers?
Canonical: https://valuechain.wiki/boeing · Facet: suppliers · Updated: 2026-09-24T11:12:48.919135+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Boeing's confirmed suppliers/cost counterparties include Moog, GE Aerospace, RTX plus 10 undisclosed/aggregate relationships. Per the valuechain.wiki graph: 13 cost edges, backed by 25 dated sources, 8 of them primary filings (as of 2026-09-24).

### United Launch Alliance (high)
- metric: Ownership stake 50% · current · Boeing's stake in ULA (50/50 JV with Lockheed Martin)
- note: Boeing co-owns launch provider ULA 50/50 with Lockheed Martin and accounts for it under the equity method. Having achieved Space Force certification of its Vulcan Centaur rocket in March 2025, ULA plans about 12 launches in 2025 and about 20 in 2026, serving Amazon Kuiper and national-security missions.
- [mentions] The Motley Fool (EN, news, published 2025-04-05) https://www.fool.com/investing/2025/04/05/boeing-space-venture-to-launch-12-times-in-2025/: "ULA ... a 50-50 partnership between Boeing and Lockheed Martin ... plans to conduct 12 total missions [in 2025] ... expects to double that figure [in 2026]."
- [confirms] Boeing (EN, ir, published 2025-01-01) https://www.boeing.com/space/united-launch-alliance: "United Launch Alliance (ULA) is a 50-50 joint venture between Boeing and Lockheed Martin."

### Moog (high)  → /moog.md
- metric: supplier revenue share 10% · Moog FY2025 · Sales to Boeing $396.8M = 10% of Moog FY2025 revenue
- note: Boeing sources flight-control actuation systems from Moog for the 787 and other commercial, military and space programs. Sales to Boeing were $396.8M, or 10% of Moog's FY2025 revenue, and the 787 is among Moog's largest commercial programs. This is the cost-side mirror of the Moog node's revenue edge.
- [confirms] U.S. SEC EDGAR (EN, filing, published 2025-11-26) https://www.sec.gov/Archives/edgar/data/67887/000162828025054103/mog-20250927.htm: "Sales to Boeing were $ 396,784 , $ 417,275 and $ 349,961 , or 10 %, 12 % and 11 % of sales, in 2025, 2024 and 2023, respectively. ... We provide Boeing with controls for both military and commercial applications, as well as controls for space and defense applications, which totaled 10% of our 2025 sales."
- [mentions] Moog Inc. (EN, news, accessed 2026-07-04) https://www.moog.com/products/actuators-servoactuators/aircraft.html: "Moog presents itself as the world leader in flight control and utility actuation on nearly every aircraft, featuring a Boeing 787 rudder actuator as its lead product, evidencing its supply relationship on Boeing's 787."

### Spirit AeroSystems (high)
- metric: acquisition value 8.3$B(순부채 포함) · 2025-12 · Total value of Boeing's Spirit acquisition (equity $4.7B + net debt)
- note: Spirit AeroSystems was Boeing's largest airframe-structures supplier, providing 737 fuselages and major structures for the 767, 777 and 787. Boeing completed its acquisition of Spirit on December 8, 2025 (about $4.7B equity, $8.3B including net debt), internalizing this critical supply chain, with roughly 15,000 employees joining Boeing. Completion converts the relationship from external sourcing into an internal business unit.
- [confirms] Manufacturing Dive (EN, news, published 2025-12-08) https://www.manufacturingdive.com/news/boeing-completes-83b-spirit-aerosystems-acquisition/807298/: "Boeing completed its acquisition of Spirit AeroSystems on Dec. 8. The deal is valued at $4.7 billion, and Boeing is taking on the fuselage supplier's roughly $4 billion in debt, for a total value of $8.3 billion."
- [confirms] Boeing (EN, ir, published 2025-12-08) https://boeing.mediaroom.com/2025-12-08-Boeing-Completes-Acquisition-of-Spirit-AeroSystems: "Boeing today announced it has completed its acquisition of Spirit AeroSystems ... including fuselages for the 737 program and major structures for the 767, 777 and 787 Dreamliner."

### GE Aerospace (high)  → /ge-aerospace.md
- note: GE-family engines are a core source for Boeing's commercial jets. The 787 uses GE Aerospace's GEnx-1B, the 777X exclusively uses the GE9X, and the 737 MAX is exclusively powered by the LEAP-1B from CFM International, GE's 50/50 joint venture with Safran. Because engines are often selected and bought by airlines, Boeing's direct procurement value is not disclosed.
- [confirms] GE Aerospace (EN, ir, published 2025-01-01) https://www.geaerospace.com/commercial/aircraft-engines/cfm-leap: "CFM56 and LEAP engines are products of CFM International, a 50-50 joint company between GE Aerospace and Safran Aircraft Engines. ... the engine of choice to power Airbus A320neo family, Boeing 737 MAX, and COMAC C919 aircraft."
- [mentions] GE Aerospace (EN, news, published 2025-01-01) https://www.geaerospace.com/news/articles/product-technology/second-boeing-777x-makes-first-flight-powered-ge9x: "Powered by the GE9X engine, the new 777X is the world's largest and most efficient twin-engine jet."

### RTX (high)  → /rtx.md
- note: RTX's Collins Aerospace is a major systems supplier to Boeing airframes such as the 787 and 737, providing avionics and airframe systems. Per RTX's 10-K, Boeing and Airbus combined account for 16% of Collins segment sales in FY2025 (prior to discounts and incentives); Boeing's individual procurement value is not disclosed.
- [confirms] U.S. SEC EDGAR (EN, filing, published 2026-02-06) https://www.sec.gov/Archives/edgar/data/101829/000010182926000006/rtx-20251231.htm: "Collins' largest commercial customers are Boeing and Airbus with combined sales, prior to discounts and incentives, of 16%, 16%, and 19% of total Collins segment sales in 2025, 2024, and 2023, respectively."

### 도레이 (탄소섬유) (high)  → /toray-industries.md
- note: Carbon-fiber prepreg source for 787/777X primary structures.
- [confirms] Toray Composite Materials America (EN, ir, published 2015-11-01) https://www.toraycma.com/toray-extends-comprehensive-agreement-with-boeing-to-supply-carbon-fiber-torayca-prepreg/: "TORAYCA prepreg for 787/777X."

### 미쓰비시중공업 (787 주익박스) (high)  → /mitsubishi-heavy-industries.md
- note: Sources the 787 Dreamliner's composite main-wing box from Mitsubishi Heavy Industries (Nagoya/Shimonoseki), a core airframe-structure supply relationship; 1,000+ units since 2007.
- [confirms] Mitsubishi Heavy Industries (EN, filing, published 2025-01-01) https://www.mhi.com/products/air/boeing_787.html: "MHI makes and supplies the 787 composite wing box."
- [mentions] CompositesWorld (EN, news, published 2024-01-01) https://www.compositesworld.com/articles/boeing-787-update: "MHI forms the 787 wing skins and spars."

### 트랜스다임 그룹 (high)  → /transdigm-group.md
- note: Boeing is one of the large commercial aircraft manufacturers to which TransDigm sells aerospace components, and while TransDigm does not disclose Boeing-specific FY2025 revenue, it says its shipments and revenue track Boeing's planned 2025 and 2026 production rates.
- [confirms] U.S. Securities and Exchange Commission (EN, filing, published 2025-11-12) https://www.sec.gov/Archives/edgar/data/1260221/000126022125000081/tdg-20250930.htm: "sales to manufacturers of large commercial aircraft, such as Boeing"
- [mentions] Baron Capital (EN, research, published 2025-05-01) https://www.baroncapitalgroup.com/_next/data/1u1RvNau4m1DVUQhWoxuP/sites/default/files/2025-05/baron-insights-aerospace-and-defense.pdf.json?slug=2025-05&slug=baron-insights-aerospace-and-defense.pdf&slug=default&slug=files&slug=sites: "Both Boeing and Airbus remain in a holding pattern on producing and delivering new units"

### 하니웰 에어로스페이스 (high)  → /honeywell-aerospace.md
- note: Boeing uses Honeywell's mission-critical systems and technologies across major commercial platforms, including the 737 and 777/777X, and although a filing and credit research corroborate the relationship, Boeing-specific revenue is not disclosed.
- [confirms] SEC EDGAR (EN, filing, published 2026-06-15) https://www.sec.gov/Archives/edgar/data/2089271/000162828026043193/exhibit991-informationstat.htm: "We provide a broad range of systems to platforms including the Boeing 737 and Boeing 777/777X."
- [confirms] S&P Global Ratings (EN, research, published 2026-03-06) https://www.spglobal.com/ratings/en/regulatory/article/-/view/sourceId/101672966: "The company is favorably diversified across aircraft models, including Boeing's 737, 787 and 777."

### PPG 인더스트리스 (high)  → /ppg-industries.md
- note: Boeing has procured aerospace coatings and transparencies from PPG. Neither contract revenue nor Boeing's share of PPG sales is disclosed.
- [confirms] Fortune Business Insights (EN, research, published 2026-09-07) https://www.fortunebusinessinsights.com/aircraft-paint-market-114276: "PPG Industries partnered with Boeing to develop advanced sustainable aerospace coatings under its Desothane line."
- [mentions] SEC EDGAR (EN, filing, published 2026-02-19) https://www.sec.gov/Archives/edgar/data/79879/000007987926000046/ppg-20251231.htm: "PPG is currently under contract to supply transparencies, coatings and sealants for use on existing and new commercial aircraft."
- [confirms] SEC EDGAR (EN, filing, published 2008-09-24) https://www.sec.gov/Archives/edgar/data/79879/000095015208007395/l33287aexv99w2.htm: "The Boeing Company, a PPG aerospace products customer, is currently experiencing an employee work stoppage."

### 대한항공 (mid)  → /korean-airlines.md
- note: Korean Air's Aerospace Division has supplied composite structures such as aft fuselage and raked wingtips for the 787 since signing a co-development agreement with Boeing in 2004. In 2019 it reached a cumulative 1,000th delivery of 787 fuselage and wing structures, and the supply relationship continues. The value is not disclosed.
- [confirms] Korean Air Newsroom (KO, news, published 2019-12-16) https://news.koreanair.com/%EB%8C%80%ED%95%9C%ED%95%AD%EA%B3%B5-%EB%B3%B4%EC%9E%89-787-%EB%93%9C%EB%A6%BC%EB%9D%BC%EC%9D%B4%EB%84%88-%EB%B3%B5%ED%95%A9%EC%9E%AC-%EA%B5%AC%EC%A1%B0%EB%AC%BC-1000%EB%8C%80-%EC%A7%B8-%EA%B3%B5/: "Korean Air has achieved the delivery of 1,000 fuselage and wing structures for the Boeing 787 'Dreamliner' that it supplies to Boeing, the world's largest aircraft manufacturer."

### 한국항공우주산업 (KAI) (mid)  → /kai.md
- note: Korea Aerospace Industries (KAI) has supplied Boeing 787 wing structures (Section 11, center-wing-box parts) since 2005, delivering over 1,000 units by the end of 2019. It later signed a roughly KRW 120 billion contract to supply 24 types of parts and assemblies including nacelle components at the engine-wing junction, anchoring the Korean node of Boeing's commercial-airframe supply chain.
- [confirms] The Korea Herald (EN, news, published 2024-12-10) https://www.koreaherald.com/article/10016785: "KAI won a six-year extension (through 2032, W1.12 trillion / $789M) to supply the vertical and horizontal stabilizers for Boeing's 737 MAX, parts it has supplied to Boeing since 2022."
- [confirms] KED Global (EN, news, published 2023-02-28) https://www.kedglobal.com/us/aerospace-defense/newsView/ked202302280024: "KAI signed a $105 million deal to supply parts for Boeing B767, B777 and B787 aircraft from 2023 to 2030."
- [confirms] Etoday (KO, news, published 2020-07-21) https://www.etoday.co.kr/news/view/2078476: "The contracted items are nacelle components at the junction of the B787 engine and wing, comprising 24 types of parts and assemblies."

### Thales (mid)  → /thales.md
- note: Thales also supplies avionics and in-flight systems (such as IFE) to Boeing aircraft.
- [mentions] AeroTime (EN, news, published 2026-03-03) https://www.aerotime.aero/articles/thales-2025-results-defense-avionics-sales-22b: "The avionics business grew across civil and military domains, with Thales supplying avionics to major airframers including Airbus and Boeing."

### 아메텍 (mid)  → /ametek.md
- note: Boeing receives power, motion-control, sensor, and specialty-metal products for its aircraft from AMETEK's aerospace businesses, while the revenue and share attributable to Boeing are not disclosed.
- [confirms] Aviation Outlook (EN, analysis, published 2026-04-30) https://www.aviationoutlook.com/p/ametek-company-analysis-outlook-report: "Higher commercial OEM build rates at Boeing and Airbus."
- [mentions] SEC EDGAR (EN, filing, published 2026-02-17) https://www.sec.gov/Archives/edgar/data/1037868/000103786826000016/ame-20251231.htm: "AMETEK has long-standing relationships with the world's leading commercial and military aircraft, jet engine and original equipment manufacturers."
- [confirms] AMETEK Aerospace & Defense (EN, ir, published 2025-01-01) https://www.ametekpds.com/-/media/ametekpds/datasheets-pdf/2025-ad-brochure.pdf?hash=7D46BBB75266CD93C66F4BB59D990936&la=en&revision=cc2d3d10-ab18-4ba3-9de9-359944eede64: "Aerospace customer approvals include: Airbus, Boeing, Bombardier, Embraer, GE Aviation, Liebherr, Lockheed Martin, Raytheon, Rolls-Royce, SNECMA-SAFRAN, UTC."

Reverse side: https://valuechain.wiki/boeing/customers.md · Ripple: https://valuechain.wiki/boeing/ripple.md

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Full node: https://valuechain.wiki/boeing.md · JSON: https://valuechain.wiki/boeing.json