Boeing
Compensation Insight

How Boeing Pays

Boeing's L1 to L6 technical ladder and K, L and M management grades priced across 35 markets, alongside an ESPP that buys shares at 95 percent of fair market value, executive-only RSUs and premium-priced options, a $23.58M CEO package at 166:1, and 49 FY2025 H-1B wage records.

~182,000 employees · NYSE: BA · The Boeing Company · Founded 1916 · Arlington, Virginia · FY ends 31 December
Employees
~182,000
Headcount at 31 December 2025 across more than 65 countries, 14 percent of it outside the United States, up from about 172,000 a year earlier.
Union represented
~72,000
Collectively bargained employees at 31 December 2025, against about 58,000 in 2024. IAM and SPEEA agreements set their wage progression, not the salaried merit model.
FY2025 revenue
$89.5B
Full-year 2025 revenue on 600 commercial deliveries. Second-quarter 2026 revenue was $24.56 billion, up 8 percent year on year.
Total backlog
$682B
At 31 December 2025, rising to about $695 billion at the first quarter of 2026 and $715 billion at the second quarter.
Attrition
Not disclosed
Boeing publishes no company-wide quarterly or trailing-twelve-month employee turnover rate in the reviewed filings.
CEO compensation
$23.58M
Kelly Ortberg's FY2025 Summary Compensation Table total, of which $17.50 million was grant-date stock and option value.
CEO pay ratio
166:1
Against a $141,933 median employee, identified after excluding 16,961 Spirit AeroSystems employees acquired in December 2025.
2025 incentive score
131%
The One Company score that set annual cash incentive payouts for the executive team and more than 100,000 employees worldwide.
2023–2025 PSU payout
0%
The three-year performance-unit cycle that vested in February 2026 failed its cumulative free cash flow condition and settled at nil.
H-1B median wage
$119,475
Median offered base wage across 49 certified FY2025 labour condition applications spanning 16 worksites.
Locations
United States
India
United Kingdom
Australia
New Zealand
Canada
Germany
France
Spain
Netherlands
Poland
Singapore
Japan
China
South Korea
United Arab Emirates
Saudi Arabia
Brazil
1.00× base / 1.00× TC vs Arlington

Band Hierarchy

Boeing quotes both the level code and the base range inside most United States job postings, which makes the ladder unusually observable at home and almost invisible abroad. The L1 to L6 technical track and the K, L and M management grades below are consolidated from recurring posting language; Director, Vice President and Executive Vice President are public titles whose internal grade codes Boeing has never published.

Technical and professional ladder — L1 through L6

L6
Principal / Chief ExpertIC · variable 12% · verified
Principal engineer, chief architect, technical fellow, enterprise technical leader
L5
Lead / ExpertIC · variable 10% · verified
Lead engineer, expert, senior architect, associate technical fellow
L4
Senior / LeadIC · variable 7% · verified
Senior engineer, lead engineer, senior specialist, integration lead
L3
ExperiencedIC · variable 5% · verified
Experienced engineer, systems engineer, specialist, avionics or structures engineer
L2
AssociateIC · variable 4% · verified
Associate engineer, software engineer, design analyst, manufacturing engineer
L1
Entry / Early CareerIC · variable 3% · verified
Graduate engineer, associate analyst, entry technician, early-career software engineer

Management ladder — grades K, L and M

M
Senior Manager / Delivery Leader (Grade M)Management · variable 20% · verified
Site or delivery leader, major programme manager, large-portfolio manager
L-MGR
Senior Manager (Grade L)Management · variable 15% · verified
Senior manager, multi-team leader, programme segment leader
K
First-Line Manager (Grade K)Management · variable 10% · verified
Engineering manager, manufacturing manager, functional first-line manager

Leadership and executive tiers — Director through EVP

EVP
SVP / EVP / C-SuiteExecutive · variable 120% · verified
Executive vice president, chief financial officer, chief legal officer, business-unit chief executive
VP
Vice PresidentLeadership · variable 75% · modeled
Vice president, regional president, business-unit vice president
DIR
DirectorLeadership · variable 30% · modeled
Functional director, programme director, site director

Disclosed executive layer

President and Chief Executive Officer
Kelly Ortberg
Fully disclosed in the proxy statement, including salary, annual incentive, grant-date equity, perquisites and the pay ratio.
Business unit chief executives
Stephanie Pope as President and Chief Executive of Boeing Commercial Airplanes
Named executive officer with a full Summary Compensation Table row and separate annual incentive target.
Executive Vice Presidents
Jay Malave as Chief Financial Officer, Brett Gerry as Chief Legal Officer, Jeffrey Shockey for Government Operations and Corporate Strategy, Uma Amuluru as Chief Human Resources Officer, Howard McKenzie as Chief Engineer
Only those who qualify as named executives appear in the compensation tables. Amuluru and McKenzie are visible through Section 16 filings alone.
Senior Vice Presidents and regional presidents
Michael Cleary and the regional president population
No compensation table exists for this layer. Stock-ownership guidelines set three times base salary at SVP, and Forms 4 disclose share movements only.
Non-employee directors
Independent Board Chair Steven Mollenkopf
A governance package rather than an employment band: a $135,000 cash retainer, a $200,000 stock-unit retainer and role additions, with Mollenkopf at $614,500 for 2025.
VerifiedOnly the executive vice president row carries a company compensation disclosure. L1 through M rest on official posted ranges, and Director and Vice President are modelled.

Track divergence

L1 to L3
Everyone sits on the technical and professional path and the package is almost entirely cash. Target variable pay runs 3 to 5 percent of base and no routine equity grant is evidenced, so posted base range is very nearly the whole offer.
L4 and grade K
The management path opens beside the senior individual contributor zone. A grade K first-line manager anchors about 3 percent above an L4 on base but carries a 10 percent target against the L4's 7 percent, so the manager premium is in variable pay rather than salary.
L5, L6 and grades L and M
The two ladders cross. An L6 principal anchors about 10 percent above a grade M delivery leader on base, while the grade M target of 20 percent against the L6's 12 percent closes most of that gap on total cash. Boeing runs a parallel technical fellowship from Associate Technical Fellow to Distinguished Senior Technical Fellow that confers status without people management, but publishes no pay equivalence for it.
Director and above
Both ladders converge on the leadership tier, where variable pay leaps to 30 percent and then 75 percent, and equity stops being a purchase plan and becomes a grant. Stock-ownership guidelines begin at Vice President at one to two times base salary, rising to three times at SVP, four times at EVP and six times for the chief executive.

Hierarchy qualifications and legacy structures

  • Boeing postings routinely label professional roles Level 1 through Level 6 and people-leader roles grade K, L or M, and quote a base range for the specific job and city. That is the strongest public evidence in this report.
  • The same numeric level carries materially different pay by city, job family, security clearance, programme and bargaining status. An L3 example spans roughly $110,000 to $135,000 in lower-cost markets and $135,000 to $183,000 in Northern Virginia before clearance premiums.
  • There is no published bridge from grade M into Director, Vice President, Senior Vice President or Executive Vice President. This report treats those as title tiers rather than claiming a numeric band.
  • The technical fellowship overlay names Associate Technical Fellow, Technical Fellow, Senior Technical Fellow, Principal Senior Technical Fellow and Distinguished Senior Technical Fellow. Grade and salary equivalence to the L ladder is not published, so fellows are folded into the L5 and L6 rows here.
  • Boeing and McDonnell Douglas combined in 1997, but the reviewed evidence does not establish an active, separately paid legacy grade system or a current harmonisation schedule.
  • Approximately 72,000 employees are covered by collective agreements whose wage steps, general increases and progression rules are contractual. Those populations are outside the bands in this report.

Peer-level mapping

BandArchetypePeer mappingCaveat
L1Entry / Early CareerLockheed Martin Engineer Early Career, Northrop Grumman Engineer 1, RTX Engineer IScope orientation only; Boeing publishes no peer-level crosswalk.Midpoint of the $70,000 to $95,000 national posting band scaled by the 1.08 Arlington differential. A St. Louis L1 requisition quoted $71,400 to $96,600 and a Hazelwood-area example quoted $78,200 to $105,800.
L2AssociateLockheed Martin Engineer, Northrop Grumman Engineer 2, RTX Engineer IIScope orientation only; Boeing publishes no peer-level crosswalk.Midpoint of the $88,000 to $125,000 national posting band scaled to Arlington. Oklahoma City software L2 quoted $92,650 to $125,350, St. Louis software L2 quoted $99,450 to $134,550 and Seal Beach software L2 quoted $106,250 to $143,750.
L3ExperiencedLockheed Martin Senior Engineer, Northrop Grumman Engineer 3, RTX Senior EngineerScope orientation only; Boeing publishes no peer-level crosswalk.Midpoint of the $110,000 to $160,000 national posting band scaled to Arlington. Northern Virginia L3 quoted $135,150 to $182,850, St. Louis software L3 quoted $126,650 to $171,350 and Oklahoma City L3 quoted $118,150 to $159,850.
L4Senior / LeadLockheed Martin Staff Engineer, Northrop Grumman Principal Engineer, RTX Principal EngineerScope orientation only; Boeing publishes no peer-level crosswalk.Midpoint of the $140,000 to $205,000 national posting band scaled to Arlington. Northern Virginia L4 quoted $171,700 to $232,300, St. Louis software L4 quoted $160,650 to $217,350 and Puget Sound L4 quoted $130,900 to $177,100.
KFirst-Line Manager (Grade K)Lockheed Martin Manager, Northrop Grumman Manager 1, RTX Associate DirectorScope orientation only; Boeing publishes no peer-level crosswalk.Midpoint of the $145,000 to $210,000 national posting band scaled to Arlington. A Florida K manager quoted $141,100 to $190,900, a Hazelwood first-line engineering manager quoted $141,100 to $190,900 and a California K manager quoted $169,750 to $253,000.
L5Lead / ExpertLockheed Martin Senior Staff, Northrop Grumman Sr Principal Engineer, RTX Fellow track entryScope orientation only; Boeing publishes no peer-level crosswalk.Midpoint of the $170,000 to $235,000 national posting band scaled to Arlington. Puget Sound L5 quoted $161,500 to $218,500, a national principal-engineer example quoted about $176,800 to $239,200 and a further national L5 example quoted $164,900 to $257,600.
L-MGRSenior Manager (Grade L)Lockheed Martin Senior Manager, Northrop Grumman Manager 2, RTX DirectorScope orientation only; Boeing publishes no peer-level crosswalk.Midpoint of the $170,000 to $240,000 national posting band scaled to Arlington. A Wichita senior manager quoted $142,500 to $218,500, a Hazelwood senior engineering manager quoted $170,000 to $230,000 and an El Segundo senior manager quoted $180,200 to $265,000.
L6Principal / Chief ExpertLockheed Martin Fellow, Northrop Grumman Technical Fellow, RTX Technical FellowScope orientation only; Boeing publishes no peer-level crosswalk.Midpoint of the $205,000 to $285,000 national posting band scaled to Arlington. A Long Beach Software Chief Architect posted in August 2026 was labelled Level 6 and quoted $249,900 to $338,100; a national L6 example quoted $194,650 to $302,450.
MSenior Manager / Delivery Leader (Grade M)Lockheed Martin Director, Northrop Grumman Director 1, RTX Senior DirectorScope orientation only; Boeing publishes no peer-level crosswalk.Midpoint of the $185,000 to $260,000 national posting band scaled to Arlington. A San Antonio requisition labelled Level M quoted $167,450 to $226,550.
DIRDirectorLockheed Martin Senior Director, Northrop Grumman Director 2, RTX Vice PresidentThe grade-code bridge from M into Director is not publicly disclosed.No salary-transparent Director requisition was found, so the $220,000 to $340,000 band behind this row is a market model scaled to Arlington. Equity at this tier is selective rather than routine and the bundles model it as a $0 to $250,000 range, so the row carries a zero recurring grant.
VPVice PresidentLockheed Martin Vice President, Northrop Grumman Vice President, RTX Vice PresidentBoeing discloses vice-president titles but no compensation for the tier.Modelled from a $300,000 to $600,000 officer base range scaled to Arlington, with the midpoint of a $250,000 to $2.0 million annual award model as equity. Stock-ownership guidelines start at this tier at one to two times base salary.
EVPSVP / EVP / C-SuiteLockheed Martin EVP, Northrop Grumman Corporate VP, RTX President of a businessOnly named executive officers are disclosed; other officers appear in Forms 4 alone.Anchored on the 2025 proxy. Named-executive base salaries excluding the chief executive ran from $651,846 to $1,200,000, cash incentives from $763,475 to $2,625,240, aggregate grant-date equity from $4.5 million to $10.0 million, and other compensation from $69,900 to $416,699.

Critical evidence warning

Boeing publishes salary ranges in United States postings but no global grade matrix, no midpoint table, no non-executive bonus target grid and no country salary schedule. Every non-United States figure here is a calibrated model around the Arlington anchor and should be used for orientation rather than quoted as a Boeing pay band.


Compensation by Band — Arlington

Low / median / high annual values at 1.00× base and 1.00× total-compensation factors versus Arlington. Total equals base plus bonus plus annualized equity.

BandTitleBaseVariableTotal TCEquity
L1
Entry / Early Career
0–2 years · verified
$76K$102K3%
$92K
$78K$106K
L2
Associate
2–5 years · verified
$98K$132K4%
$120K
$102K$138K
L3
Experienced
5–9 years · verified
$124K$168K5%
$153K
$130K$176K
L4
Senior / Lead
9–14 years · verified
$158K$214K7%
$199K
$169K$229K
K
First-Line Manager (Grade K)
8–14 years · verified
$163K$220K10%
$211K
$179K$243K
L5
Lead / Expert
14–20 years · verified
$186K$252K10%
$241K
$204K$277K
L-MGR
Senior Manager (Grade L)
12–18 years · verified
$188K$255K15%
$255K
$216K$293K
L6
Principal / Chief Expert
20+ years · verified
$225K$304K12%
$296K
$252K$341K
M
Senior Manager / Delivery Leader (Grade M)
15–22 years · verified
$204K$276K20%
$288K
$245K$332K
DIR
Director
15–25 years · modeled
$257K$348K30%
$393K
$334K$452K
VP
Vice President
20+ years · modeled
$413K$559K75%
$1.98M
$1.68M$2.27M
$1.13M
EVP
SVP / EVP / C-Suite
20+ years · verified
$849K$1.15M120%
$8.40M
$7.14M$9.66M
$6.00M
Official headquarters; salary-transparent postings · 2 reported band cellsReportedModeledVerifiedBase and total use a plus or minus 15 percent planning envelope around the median; equity uses plus or minus 25 percent.

Total Compensation Range by Band

Total compensation in Arlington across the employee bands. Proxy-disclosed executive cohorts are excluded so the employee bands stay readable.

L1$78K$106KL2$102K$138KL3$130K$176KL4$169K$229KK$179K$243KL5$204K$277KL-MGR$216K$293KL6$252K$341KM$245K$332KDIR$334K$452K$0$100K$200K$300K$400K$500K

Global Footprint & Pay Arbitrage

Boeing reported approximately 182,000 employees at the end of 2025 across more than 65 countries, with 14 percent based outside the United States. Arlington, Virginia is the pay anchor as the corporate headquarters metro; Puget Sound is the largest single cluster and Bengaluru is the largest engineering site outside the United States.

~182,000
Employees at 31 December 2025
86 / 14
United States and international workforce split
35
Markets modelled in this report
~72,000
Union-represented employees, up from ~58,000 in 2024

Office and market catalogue — calibration factors versus Arlington

LocationLikely office profilePresenceBaseTC
Arlington
United States · USD
Corporate headquarters, defence and enterprise staff functionsOfficial headquarters; salary-transparent postings1.00×1.00×
Seattle / Puget Sound
United States · USD
Commercial Airplanes engineering, manufacturing and flight testOfficial footprint; salary-transparent postings0.97×0.97×
St. Louis
United States · USD
Defence, fighter, weapons and autonomy programmesOfficial footprint; salary-transparent postings0.85×0.85×
North Charleston
United States · USD
787 final assembly, manufacturing and engineeringOfficial footprint; H-1B worksite records0.81×0.81×
Long Beach / El Segundo
United States · USD
Space, satellites, avionics engineering and servicesOfficial salary-transparent postings1.04×1.04×
Mesa
United States · USD
Rotorcraft, attack helicopter and defence programmesOfficial footprint; regional posting evidence0.85×0.85×
Huntsville
United States · USD
Space, missile defence and defence engineeringOfficial footprint; regional posting evidence0.81×0.81×
Oklahoma City
United States · USD
Defence sustainment and software engineeringOfficial salary-transparent postings0.79×0.79×
Wichita
United States · USD
Engineering, manufacturing and supplier integrationOfficial salary-transparent postings0.79×0.79×
San Antonio
United States · USD
Aircraft maintenance, modification and sustainmentOfficial salary-transparent postings0.80×0.80×
Bengaluru
India · INR
Boeing India Engineering and Technology Centre; engineering, digital and product supportOfficial Boeing India disclosure; crowdsourced records0.13×0.13×
Chennai
India · INR
Engineering and product support extension of the India centreOfficial footprint; modelled city differential0.12×0.12×
Hyderabad
India · INR
Engineering, digital and shared servicesOfficial footprint; modelled city differential0.13×0.13×
New Delhi
India · INR
Country leadership, government affairs and customer-facing rolesOfficial footprint; modelled city differential0.14×0.14×
London
United Kingdom · GBP
Regional leadership, commercial and enterprise functionsOfficial footprint; UK market calibration0.60×0.60×
Bristol
United Kingdom · GBP
Defence engineering, services and Boeing Defence UKOfficial footprint; UK market calibration0.52×0.52×
Sheffield
United Kingdom · GBP
Advanced manufacturing and research partnership siteOfficial footprint; UK market calibration0.48×0.48×
Brisbane
Australia · AUD
Largest Australian cluster; defence, autonomy, research and servicesOfficial footprint; crowdsourced records0.61×0.61×
Melbourne / Fishermans Bend
Australia · AUD
Boeing Aerostructures Australia; advanced manufacturing and researchOfficial Boeing Australia disclosure0.63×0.63×
Sydney
Australia · AUD
Commercial, services and enterprise functionsOfficial footprint; Australian market calibration0.65×0.65×
Auckland
New Zealand · NZD
Regional commercial, technical and defence support rolesOfficial Oceania footprint; market model0.58×0.58×
Winnipeg
Canada · CAD
Composite manufacturing; largest Canadian site at about 1,500 peopleOfficial Boeing Canada disclosure0.53×0.53×
Toronto
Canada · CAD
Distribution, services and customer supportOfficial footprint; Canadian market calibration0.63×0.63×
Frankfurt / Munich
Germany · EUR
Engineering, services, commercial and regional functionsOfficial footprint; limited German salary evidence0.72×0.72×
Paris
France · EUR
Commercial, policy and servicesOfficial footprint; European market calibration0.70×0.70×
Madrid
Spain · EUR
Commercial, engineering and servicesOfficial footprint; European market calibration0.60×0.60×
Amsterdam
Netherlands · EUR
Commercial, distribution and parts servicesOfficial footprint; European market calibration0.73×0.73×
Warsaw
Poland · PLN
Engineering, software and business servicesOfficial footprint; Polish posting and market data0.35×0.35×
Singapore
Singapore · SGD
Regional headquarters, services, parts distribution and trainingOfficial footprint; Singapore salary evidence0.53×0.53×
Tokyo
Japan · JPY
Country leadership, commercial and customer servicesOfficial footprint; Japanese market model0.41×0.41×
Beijing
China · CNY
Country leadership, commercial and government-facing rolesOfficial footprint; Chinese market model0.40×0.40×
Seoul
South Korea · KRW
Country leadership, commercial and defence servicesOfficial footprint; single crowdsourced observation0.45×0.45×
Dubai
United Arab Emirates · AED
Regional commercial, services, parts and training hubOfficial footprint; Gulf expatriate market model0.76×0.76×
Riyadh
Saudi Arabia · SAR
Defence, government and customer-facing programmesOfficial footprint; Gulf expatriate market model0.72×0.72×
São Paulo
Brazil · BRL
Regional commercial, engineering and servicesOfficial footprint; Brazilian market model0.27×0.27×

Boeing does not publish city-level headcount for most sites, so this catalogue does not rank offices by employee count. The disclosed regional figures are roughly 7,000 in India, more than 3,000 in the United Kingdom, about 5,000 across Australia and Oceania and more than 2,000 in Canada, with about 1,500 of the Canadian total in Winnipeg. News reporting placed roughly 65,000 employees in Washington state and more than 9,000 in South Carolina in February 2026.

Arlington anchor medians — the basis of every modeled cell

BandBaseStockBonusOtherTotal
L1$89K$0$3K$92K
L2$115K$0$5K$120K
L3$146K$0$7K$153K
L4$186K$0$13K$199K
K$192K$0$19K$211K
L5$219K$0$22K$241K
L-MGR$221K$0$33K$255K
L6$265K$0$32K$296K
M$240K$0$48K$288K
EVP$999K$6.00M$1.20M$200K$8.40M
  • The Arlington column is the anchor. Every band median is the midpoint of the national posting band for that level multiplied by the 1.08 headquarters-metro differential the bundles derive from Northern Virginia requisitions.
  • Puget Sound sits at 0.97 of the anchor, Long Beach and El Segundo at 1.04, St. Louis and Mesa at 0.85, and Oklahoma City and Wichita at 0.79. Those are city differentials on the same posting evidence, not separate salary schedules.
  • India is Boeing's largest workforce outside the United States at roughly 7,000 people, and the Boeing India Engineering and Technology Centre in Bengaluru is its largest facility of that kind outside the country. Crowdsourced Bengaluru records cover L1 through L4 directly; everything above is modelled.
  • India total compensation runs at roughly 13 percent of the Arlington anchor at L1 and rises towards 55 percent at the executive vice president tier, because senior Indian roles compete in a global leadership market while entry-level engineering competes in a local one.
  • The Gulf columns exceed the anchor at leadership levels. That is a local expatriate-package market model in a tax-free jurisdiction, not a Boeing schedule, and it should be treated as the weakest row in the table.
  • Australia, New Zealand and Canada run slightly the other way: their factors are highest at entry level and drift down towards the leadership tiers, because local mid-market pay is comparatively strong and local executive pay is comparatively weak against the United States.
  • The chief executive row is deliberately absent from the bands. Boeing's chief executive salary is a single global figure identical in every city table, and carrying it into the ladder would force every location's factor towards parity at the top.

Model rules

  • Every modelled cell is the Arlington median multiplied by the city base or total factor and then by the 25 August 2026 foreign-exchange snapshot.
  • Factors are derived from the bundles' own market benchmark tables divided by the Arlington anchor at the same level, with the junior factor taken at L1 and the senior factor at the executive vice president tier, interpolated by seniority in between.
  • Total compensation is rebuilt from its components as base plus target variable plus annualised equity. The source bundles add an 8 to 14 percent notional employer benefit load into a planning figure they call CTC; that load is employer cost rather than pay and has been stripped here.
  • Base and total factors coincide for most markets because Boeing applies one target-variable scaffold globally in the source model, so the only element that could separate them is equity, which is zero across the modelled employee ladder.
  • Union wage schedules are excluded. IAM and SPEEA agreements set contractual steps, general wage increases and ratification bonuses for roughly 72,000 employees, and no published rate table exists to model them.
  • Where no direct city observation exists the cell is modelled and should be read as a planning envelope. Crowdsourced observations exist only for Bengaluru L1 to L4, Australian L1 to L3, Canadian L1 to L4 and a single Seoul L2 record.

Variable Pay & Annual Cash Incentive

From 2025 a single One Company score drives the annual cash incentive for the executive team and more than 100,000 employees worldwide. It is weighted 80 percent on free cash flow, core earnings per share and revenue and 20 percent on safety, quality and programme execution, with each measure able to score between 0 and 200 percent. The 2025 score was 131 percent. Boeing publishes no target percentage table for non-union salaried bands.

BandTargetMechanismRecent payout
L1
Entry / Early Career
3% of baseAnnual cash incentive on the One Company score, where the employee is eligible. Union-represented employees receive their contractual plan instead.131% company score in FY2025. The only verified employee target is the SPEEA Puget Sound Employee Incentive Plan at 5 percent, which paid 6.55 percent of eligible earnings.
L2
Associate
4% of baseAnnual cash incentive on the One Company score; eligibility varies by plan and bargaining status.131% company score in FY2025; the band target itself is a planning scaffold.
L3
Experienced
5% of baseAnnual cash incentive on the One Company score; eligibility varies by plan and bargaining status.131% company score in FY2025; the band target itself is a planning scaffold.
L4
Senior / Lead
7% of baseAnnual cash incentive on the One Company score; eligibility varies by plan and bargaining status.131% company score in FY2025; the band target itself is a planning scaffold.
K
First-Line Manager (Grade K)
10% of baseAnnual cash incentive on the One Company score, with a management scorecard element.131% company score in FY2025; the band target itself is a planning scaffold.
L5
Lead / Expert
10% of baseAnnual cash incentive on the One Company score; eligibility varies by plan and bargaining status.131% company score in FY2025; the band target itself is a planning scaffold.
L-MGR
Senior Manager (Grade L)
15% of baseAnnual cash incentive on the One Company score, with a management scorecard element.131% company score in FY2025; the band target itself is a planning scaffold.
L6
Principal / Chief Expert
12% of baseAnnual cash incentive on the One Company score; eligibility varies by plan and bargaining status.131% company score in FY2025; the band target itself is a planning scaffold.
M
Senior Manager / Delivery Leader (Grade M)
20% of baseAnnual cash incentive on the One Company score, with a management scorecard element.131% company score in FY2025; the band target itself is a planning scaffold.
DIR
Director
30% of baseAnnual cash incentive on the One Company score, with a leadership scorecard element.131% company score in FY2025; the band target itself is a planning scaffold.
VP
Vice President
75% of baseAnnual executive incentive: the One Company score multiplied by an individual performance multiplier that can run from 0 to 120 percent.131% company score in FY2025; every disclosed named executive received a 100 percent individual multiplier.
EVP
SVP / EVP / C-Suite
90% to 167% of base for the disclosed named executivesAnnual executive incentive: the One Company score multiplied by an individual performance multiplier of 0 to 120 percent, with the design and each target disclosed in the proxy.131% company score and a 100 percent individual multiplier produced payouts from $763,475 to $2,625,240.
ModeledVerifiedThe executive plan multiplies the One Company score by an individual multiplier that can range from 0 to 120 percent. In 2025 every named executive received 100 percent on the individual element, so the whole spread between them came from target size rather than performance assessment. The 20 percent operational weighting on safety, quality and programme execution is the mechanism Boeing points to when it describes compensation as part of its safety-accountability architecture.

Executive incentive targets — percent of salary

President and Chief Executive Officer
200% of base, $3,000,000
Kelly Ortberg. The highest disclosed target and the only one at twice base salary.
President and Chief Executive, Boeing Commercial Airplanes
167% of base, $2,004,000
Stephanie Pope. Second highest target, reflecting responsibility for the commercial segment.
Executive Vice President and Chief Financial Officer
120% of base, $1,260,000
Jay Malave, joined during 2025, so the reported 2025 payout reflects a partial year of salary against a full-year target.
Former Executive Vice President and Chief Financial Officer
110% of base, $1,144,000
Brian West, who received a 4 percent cost-of-living salary increase during 2025.
Executive Vice President and Chief Legal Officer
100% of base, $960,000
Brett Gerry, who also received a roughly 7 percent salary adjustment towards market median in 2025.
Executive Vice President, Government Operations and Corporate Strategy
90% of base, $684,000 annualised
Jeffrey Shockey. The 2025 payout was calculated on a prorated target.

Named-executive outcomes

ExecutiveTargetPaidAttainment
Kelly Ortberg$3,000,000$3,930,000131% company score, 100% individual
Stephanie Pope$2,004,000$2,625,240131% company score, 100% individual
Jay Malave$1,260,000$1,650,600131% company score, 100% individual
Brian West$1,144,000$1,498,640131% company score, 100% individual
Brett Gerry$960,000$1,257,600131% company score, 100% individual
Jeffrey Shockey$582,800$763,475131% company score on a prorated target

Employee payout timing and history

Boeing publishes no bonus target grid for non-union salaried employees, so the L1 to Director targets above are a planning scaffold rather than a disclosed table. The verified employee data points are contractual: the SPEEA Puget Sound Employee Incentive Plan target has been 5 percent of eligible earnings since the 2020 contract, which the 131 percent score turned into 6.55 percent for 2025, and the January 2026 Wichita SPEEA agreement raises its target from 6 to 7 percent and its maximum from 12 to 14 percent with effect from the 2027 payout. The 2023 Employee Incentive Plan paid between about 3.60 and 5.95 percent depending on business unit, and no single verified enterprise percentage was found for 2024.

Sales and special incentives

Boeing does not publish a separate sales commission plan structure for its commercial and defence sales organisations, and no public source establishes quota, accelerator or draw mechanics. Sales and campaign roles appear in postings with the same total rewards language as other salaried roles.


Equity — RSUs, PSUs, Options & ESPP

The broadly accessible vehicle is a purchase plan, not a grant programme. Employees buy shares at 95 percent of fair market value on the last trading day of each three-month offering, and recurring RSUs, performance stock units and options under the 2023 Incentive Stock Plan are award-specific and concentrated in officers and selected leaders.

Employee Stock Purchase Plan
Active
Verified
Payroll deductions buy Boeing stock at 95 percent of fair market value on the final trading day of each three-month offering. There is no lookback and no separate discount on the offering-start price.
Reserve: 12,000,000 shares authorised
FY2023 Form 10-K equity plan note and FY2025 Form 10-K
2023 Incentive Stock Plan
Active umbrella plan
Verified
Supports restricted stock units, performance stock units and stock options for directors, officers and selected employees. The individual award agreement controls vesting, settlement and forfeiture, and international awards may be cash settled where local securities or tax rules require it.
Reserve: Award-specific; no broad entitlement is inferred
2026 proxy statement and 2023 Incentive Stock Plan award forms
2003 Incentive Stock Plan
Predecessor
Verified
Superseded for new grants by the 2023 plan. Legacy outstanding awards continue under their original terms and confer no new entitlement.
Reserve: Legacy awards only
FY2025 Form 10-K
2025 ratable RSUs
Active awards
Verified
Forty-five percent of the standard 2025 executive long-term incentive, vesting 33 percent, 33 percent and 34 percent on the first three grant anniversaries subject to continued employment.
Reserve: Named executives and selected leadership
2026 proxy statement
2025 premium-priced stock options
Active awards; removed from new grants
Verified
Fifty-five percent of the standard 2025 executive long-term incentive. Exercise price set at 120 percent of grant-date fair market value, three-year cliff vest, ten-year term. They deliver nothing unless the share price clears the premium strike.
Reserve: Named executives and selected leadership
2026 proxy statement
2023–2025 performance stock units
Completed at 0 percent
Verified
A three-year performance cycle whose cumulative free cash flow condition finished below threshold. The awards settled at nil in February 2026.
Reserve: Executives holding the 2023 grant
2026 proxy statement
2026–2028 performance stock units
New 2026 design
Verified
Thirty percent of the 2026 executive long-term incentive, measured half on three-year cumulative free cash flow and half on relative total shareholder return, settling between 0 and 200 percent with the return component capped at target if absolute total shareholder return is negative.
Reserve: Executive long-term incentive population
2026 proxy statement
2026 cliff RSUs with holding period
New 2026 design
Verified
Twenty percent of the 2026 executive long-term incentive, vesting on a three-year cliff and then subject to a further two-year post-vesting holding period, giving a five-year economic horizon.
Reserve: Executive long-term incentive population
2026 proxy statement
2026 ratable RSUs
New 2026 design
Verified
Fifty percent of the 2026 executive long-term incentive, vesting ratably over three years.
Reserve: Executive long-term incentive population
2026 proxy statement
  • The employee stock purchase plan was authorised for 12 million shares. Employees purchased 336,831 shares during 2025 at an average price of $182.28, against 216,719 shares at an average of $193.52 in 2023.
  • Boeing did not state a consolidated pool-utilisation percentage across the purchase plan and the incentive plan award types in the reviewed 2025 extracts, so no utilisation rate is published here.
  • The 2025 executive grant mix was 55 percent premium-priced options and 45 percent RSUs. The 2026 mix is 30 percent performance stock units, 20 percent cliff RSUs with a hold and 50 percent ratable RSUs.
  • Executive arrangements carry clawback provisions and generally avoid automatic change-in-control vesting.

Employee stock purchase plan

95%
Purchase price as a share of fair market value
Applied to the closing price on the last trading day of each three-month offering. There is no lookback provision.
12.0M
Shares authorised
The authorisation disclosed in the FY2023 Form 10-K and carried forward in the FY2025 filing.
336,831
Shares purchased in 2025
At an average purchase price of $182.28, against 216,719 shares at $193.52 in 2023.
$17.50M
Chief executive 2025 grant-date equity
42,675 RSUs plus 121,023 premium-priced options struck at $221.44, split 45 percent RSUs and 55 percent options.

Vesting — common reported employee schedule

Grant
0%
+Ratable RSUs, cliff RSUs and performance units all start unvested · annual tranche
Year 1
33%
+33% on ratable RSUs; nothing on cliff RSUs, options or performance units · annual tranche
Year 2
66%
+33% on ratable RSUs; nothing on cliff RSUs, options or performance units · annual tranche
Year 3
100%
+Final 34% on ratable RSUs; cliff RSUs and premium-priced options vest in full; performance units settle at 0 to 200 percent of target · annual tranche
Year 5
100% vested, still held
+The 2026 cliff RSU tranche remains subject to a two-year post-vesting holding period · annual tranche

Boeing's disclosed executive RSU schedule is 33, 33 and 34 percent over three years, not the generic four-year quarter-per-year schedule that third-party salary sites display on its pages. Premium-priced options granted in 2025 vest on a three-year cliff and expire ten years from grant, and they carry no value below a $221.44 strike. The 2026 design adds a two-year holding period on top of the cliff RSU tranche, extending the economic horizon to five years.

Eligibility by hierarchy level

  • L1 through grade M: the employee stock purchase plan where eligible and where local law permits the plan to operate. No universal recurring grant is evidenced, and crowdsourced United States, India and Australia records at these levels show near-zero annual stock. That is evidence about reported packages rather than proof of categorical ineligibility.
  • Director: selective rather than routine. The source bundles model a $0 to $250,000 annual award range and label it low confidence, so the Director band in this report carries a zero recurring grant.
  • Vice President: expected for many officers but not a published schedule. The bundles model a $250,000 to $2.0 million annual range, and stock-ownership guidelines start at this tier at one to two times base salary.
  • Executive Vice President: disclosed for named executives, with 2025 aggregate grant-date values of $10.0 million for Pope, $6.0 million for West, $5.0 million for Shockey and $4.5 million for Gerry, plus $9.5 million of new-hire replacement equity for Malave.
  • Chief Executive: a $17.5 million 2025 long-term incentive target and a six times base salary ownership requirement with a five-year attainment period.
  • Non-employee directors: an annual $200,000 stock-unit retainer, generally not distributed until after Board service ends.

Indicative annual grant value by band — Arlington

BandAnnual value (USD)MedianShares at $211.08
VP$844K$1.41M$1.13M~3,9976,662
EVP$4.50M$7.50M$6.00M~21,31935,532

Annualized planning value (±25%), not the face value of every new-hire grant. Share equivalents use the $211.08 reference price at 25 August 2026 close and ignore plan valuation rules and PSU performance. Highlighted rows are disclosed grant-date stock awards.

Named executive target equity

ExecutiveTargetUnits / structure
Kelly Ortberg
President and Chief Executive Officer
$17.50M42,675 RSUs plus 121,023 premium-priced options at a $221.44 strike, split 45 percent RSUs and 55 percent options
Stephanie Pope
President and Chief Executive, Boeing Commercial Airplanes
$10.00M24,386 RSUs plus 69,156 premium-priced options at a $221.44 strike
Jay Malave
Executive Vice President and Chief Financial Officer
$9.50M new-hire equity21,373 new-hire RSUs plus 44,321 new-hire premium-priced options at a $280.73 strike; replacement rather than annual award
Brian West
Former Executive Vice President and Chief Financial Officer
$6.00M14,631 RSUs plus 41,493 premium-priced options at a $221.44 strike
Jeffrey Shockey
Executive Vice President, Government Operations and Corporate Strategy
$5.00M13,904 new-hire RSUs plus 6,257 long-term incentive RSUs and 17,785 premium-priced options at a $215.75 strike
Brett Gerry
Executive Vice President and Chief Legal Officer
$4.50M10,973 RSUs plus 31,120 premium-priced options at a $221.44 strike
VerifiedThe purchase plan is the only equity most Boeing employees will ever hold, and its economics are modest by technology-sector standards. A 5 percent discount on the closing price of the last trading day of a three-month offering, with no lookback and no reset, is worth roughly 5.3 percent on the money contributed before any share-price movement. It is nonetheless the vehicle that matters for the L1 to grade M population, because no routine grant sits behind those bands. Eligibility depends on the plan operating in the employee's country, and Boeing does not publish a country-by-country list.

Executive Compensation

Boeing's 2025 Summary Compensation Table covers six named executives, including two chief financial officers because Jay Malave joined during the year and Brian West left the role. Grant-date stock and option values dominate every row, and the 2023 to 2025 performance-unit cycle that settled at nil is the clearest demonstration that those values are accounting measures rather than realised pay.

CEO total — Kelly Ortberg
$23.58M
Stock awards are 74.2% of the reported total; salary 6% and non-equity incentive 17%
17%
74%
Salary $1.50M
Incentive $3.93M
Equity $17.50M
Salary$1,500,000
Stock awards (RSUs)$7,874,818
Option awards (premium-priced)$9,624,959
Non-equity incentive$3,930,000
All other compensation$651,612
Reported total$23,581,389

Reading the package

Salary was 6.4 percent of Ortberg's reported total, stock awards 33.4 percent, option awards 40.8 percent, the annual cash incentive 16.7 percent and other compensation 2.8 percent. Equity was therefore 74.2 percent of the headline figure, but 40.8 percentage points of that sat in premium-priced options struck at $221.44, which deliver nothing unless the shares clear the premium. Other compensation included perquisites, tax assistance and retirement contributions, with corporate aircraft use the largest specifically identified item.

CEO-to-median-employee ratio
166:1
Median employee $141,933 · Boeing identified its median employee for 2025 and reported annual total compensation of $141,933 against a chief executive total of $23,581,389. The calculation excluded 16,961 Spirit AeroSystems employees acquired on 8 December 2025 under the SEC acquisition exemption, so the median reflects the pre-acquisition workforce..
Peer CEO comparison
General Dynamics · Phebe Novakovic · FY2025$25.92M
2026 proxy statement
Northrop Grumman · Kathy Warden · FY2025$25.36M
2026 proxy statement
RTX · Christopher Calio · FY2025$24.85M
2026 proxy statement
Boeing · Kelly Ortberg · FY2025$23.58M
2026 proxy statement
Lockheed Martin · James Taiclet · FY2025$23.45M
2026 proxy statement

Boeing's chief executive package sits in the middle of the large United States aerospace and defence group and within roughly 10 percent of every peer, despite Boeing being much the largest of them by revenue and headcount. The comparison is Summary Compensation Table totals, which are grant-date accounting values, so it ranks intended pay rather than realised value. Award design matters more than the headline: Boeing was alone among these companies in loading more than half its 2025 executive long-term incentive into premium-priced options.


Named Executive Officers & Board

Only named executive officers carry a compensation table. The wider officer group is visible through Section 16 filings and the governance pages alone.

Kelly Ortberg · President and Chief Executive Officer$23.58M
Salary $1.50M · Cash incentive $3.93M · Stock $17.50M · Other $652K · Equity 74.2%
Jay Malave · Executive Vice President and Chief Financial Officer$20.18M
Salary $400K · Cash incentive $1.65M · Stock $9.50M · Other $8.63M · Equity 47.1%
Stephanie Pope · Executive Vice President; President and Chief Executive, Boeing Commercial Airplanes$14.38M
Salary $1.20M · Cash incentive $2.63M · Stock $10.00M · Other $557K · Equity 69.5%
Brian West · Former Executive Vice President and Chief Financial Officer$8.75M
Salary $1.04M · Cash incentive $1.50M · Stock $6.00M · Other $211K · Equity 68.6%
Brett Gerry · Executive Vice President and Chief Legal Officer$6.95M
Salary $955K · Cash incentive $1.26M · Stock $4.50M · Other $240K · Equity 64.7%
Jeffrey Shockey · Executive Vice President, Government Operations, Global Public Policy and Corporate Strategy$6.49M
Salary $652K · Cash incentive $763K · Stock $5.00M · Other $70K · Equity 77.1%

Malave's $20.18 million total is not a steady-state run rate. It contains $8.5 million of non-recurring new-hire cash and $9.5 million of replacement equity against only $399,808 of salary for a partial year, so his ongoing annual target is far lower. Shockey similarly received a one-time new-hire equity award inside his $5.0 million figure. Boeing reviews executive base salaries in February: Gerry received an approximately 7 percent adjustment towards market median in 2025 and West a 4 percent cost-of-living increase, which shows the company does not apply a uniform merit percentage even at officer level.

Board compensation framework

ElementAmountNotes
Annual cash retainer$135,000Standard retainer for non-employee directors in 2025, before any role-based addition.
Annual stock-unit retainer$200,000Granted as deferred stock units that generally are not distributed until after Board service ends, aligning director pay with long-term ownership.
Independent Board Chair addition$250,000Paid to Steven Mollenkopf on top of the standard retainers, taking his 2025 total to $614,500.
Committee chair additions$15,000 to $50,000Range across the Board's standing committees, scaled to committee workload.
Charitable gift matchingUp to $31,000Boeing matched eligible non-profit gifts for directors up to this amount during 2025.
Director ownership requirementMultiple of the cash retainerExpressed as a multiple of the annual cash retainer with staged expectations after three and six years of service.

Executive officers employed by Boeing receive no additional compensation for Board service, so Kelly Ortberg's director role is unpaid. The deferred settlement of the stock-unit retainer is the distinguishing feature of the programme: directors accumulate units through their tenure and receive shares only afterwards, which keeps their economic exposure to the share price running through the whole period of their oversight.

Regional heads and other officers

Compensation for the chief human resources officer, chief engineer, chief information officer, regional presidents and most business presidents is not separately disclosed because they do not qualify as named executive officers. Uma Amuluru and Howard McKenzie appear in this report only through their Form 4 filings. Stock-ownership guidelines are the one public quantification of the tier: six times base salary for the chief executive, four times for executive vice presidents, three times for senior vice presidents and generally one to two times for vice presidents, with a five-year attainment period.


Insider Trades — SEC Forms 3/4/5

Boeing is a New York Stock Exchange issuer, so SEC Forms 3, 4 and 5 and Form 144 are the applicable insider regime. No Boeing India listed subsidiary triggering Indian exchange, SEBI takeover or promoter-group reporting was identified.

DatePersonTransactionSharesPriceValue
2026-08-17
Jay Malave
Executive Vice President and Chief Financial Officer
Withholding
Shares retained by Boeing to satisfy tax on an RSU vesting, not a discretionary market sale.
4,205$228.65$962K
2026-08-10
Kelly Ortberg
President and Chief Executive Officer
Withholding
Tax withholding on an RSU vesting reported on Form 4 as a code F disposition.
6,233$234.09$1.46M
2026-02-24
Uma Amuluru
Executive Vice President and Chief Human Resources Officer
Sale
Open-market sale reported on Form 4 with a matching Form 144 notice.
1,503$233.79$351K
2026-02-19
Kelly Ortberg
President and Chief Executive Officer
Withholding
Tax withholding on the February vesting tranche; aggregated from Form 4 lines.
5,017$236.71$1.19M
2026-02-19
Brian West
Former Executive Vice President and Chief Financial Officer
Withholding
Tax withholding on a legacy RSU vesting after leaving the chief financial officer role.
1,446$236.71$342K
2026-02-19
Howard McKenzie
Chief Engineer and Executive Vice President
Withholding
Tax withholding on an RSU vesting for an officer who is not a named executive.
966$236.71$229K
2026-02-17
Kelly Ortberg
President and Chief Executive Officer
Award
Equity award reported as a zero-price acquisition. The Form 4 states no price, so no grant-date value can be calculated from the filing alone.
58,097$0
2026-02-17
Howard McKenzie
Chief Engineer and Executive Vice President
Award
Equity award reported as a zero-price acquisition with no stated price on the filing.
9,248$0
2026-02-05
Howard McKenzie
Chief Engineer and Executive Vice President
Sale
Proposed open-market sale notified on Form 144 rather than a completed Form 4 transaction.
10,497$233.99$2.46M
2026-02-04
Uma Amuluru
Executive Vice President and Chief Human Resources Officer
Sale
Open-market sale following the February vesting window.
2,731$236.00$645K
2025-05-01
Stephanie Pope
Executive Vice President; President and Chief Executive, Boeing Commercial Airplanes
Sale
The largest single open-market disposition in the reviewed window, executed roughly 27 percent below the February 2026 price level.
16,768$183.78$3.08M
2025-05-01
Michael Cleary
Senior Vice President and executive officer
Sale
Open-market sale on the same day as the Pope disposition.
2,000$184.01$368K

Reading guide

Withholding is not sellingSix of the twelve reviewed transactions are code F tax withholdings, where Boeing retains shares to settle the tax due on a vesting. They are administrative and carry no directional signal about the executive's view of the shares.
February is the vesting monthBoeing grants and vests executive equity in mid-February, so the cluster of 17 to 24 February filings each year is a calendar effect rather than a news-driven pattern.
Form 144 signals intent, not completionThe McKenzie 10,497-share entry is a proposed sale notified under Form 144. It records permission to sell within a window, and the executed amount can differ.
Awards carry no priceThe two acquisition rows report zero-price equity awards. Boeing's Form 4 filings state no price for them, so grant-date value cannot be derived from the filing without the award documents.
Ownership requirements constrain sellingGuidelines of six times base salary for the chief executive and four times for executive vice presidents, with a five-year attainment period, limit how far officers can reduce their positions.

Benefits & Perks

United States benefits are documented in detail on Boeing's own benefits and careers pages, and the United Kingdom and Australia have partial published provisions. Everywhere else Boeing describes an international framework of locally appropriate healthcare, retirement, leave and employee assistance without publishing a contribution table, so those rows record the statutory baseline and mark the Boeing enhancement as undisclosed.

United States

  • Retirement401(k) match. Dollar-for-dollar match on the first 10 percent of eligible pay for most non-union employees, with immediate vesting of company contributions. Collective agreements and plan eligibility can differ. [official]
  • RetirementStudent-loan match. Current postings reference a mechanism that matches qualifying student-loan repayments into the retirement plan for eligible employees. [official]
  • HealthMedical, dental and vision. Multiple health and insurance choices with eligibility generally beginning on the first day of the month after hire. Provider and payroll contribution depend on plan and location. [official]
  • FamilyPaid parental leave. Up to 12 weeks at full pay under the published United States programme, subject to eligibility rules. [official]
  • FamilyAdoption and surrogacy assistance. Up to $10,000 per adoption for up to two adoptions, and up to $15,000 of surrogacy assistance in a lifetime. [official]
  • EducationLearning Together tuition assistance. Up to $15,000 a year for undergraduate study and $25,000 for graduate study, with eligible STEM programmes potentially fully funded. Boeing reported about 12,000 users and 5.8 million learning hours in 2025. [official]
  • WellbeingEmployee assistance and mental health. Counselling and coaching support referenced in published materials; vendor and allowance can change. [official]
  • WellbeingCharitable gift matching. Matching of eligible charitable contributions and volunteer activity up to $10,000 a year, subject to law and programme rules. [official]
  • ProtectionLife, disability and paid time off. Available under plan and posting descriptions. Exact coverage and paid time off depend on employment category or the applicable collective agreement. [official]

Global programs

  • EquityEmployee stock purchase plan. Shares bought at 95 percent of fair market value on the last trading day of each three-month offering, where the plan operates and the employee is eligible. [official]
  • EducationLearning Together. The global tuition and education support programme, with about 12,000 users and 5.8 million learning hours reported for 2025. [official]
  • WellbeingInternational employee assistance. Boeing's international framework describes an employee assistance programme available to international employees alongside recognition awards and mobility support. [official]
  • CashAnnual incentive eligibility. More than 100,000 employees worldwide were tied to the single One Company score from the 2025 performance year, replacing separate business-unit scores. [official]
  • LeaveTime away from work. Boeing states that time-off provisions vary by country, hire date, business unit and bargaining status, and publishes no global leave matrix. [npd]

Benefit fields not publicly quantified

Boeing explicitly warns that benefit programmes vary by location, hire date, subsidiary or business unit and bargaining status, and it publishes no country-by-country contribution table outside the United States and partially the United Kingdom and Australia. The India health insurer and sum insured, the India leave schedule and allowance amounts, the Australian employer superannuation rate above the statutory 12 percent, the Canadian national retirement contribution and any pan-European benefits grid are all not publicly disclosed and should only be populated from a country policy document or an offer letter.


Performance Review & Pay Progression

Boeing introduced a refreshed Performance and Development process in July 2025 that assesses both what an employee delivers and how they demonstrate the company's values and behaviours, with the how dimension weighted more heavily for employees whose incentive carries an individual multiplier. Beyond that framing, almost nothing about the rating machinery is public.

Not publicly disclosed

Rating scale and labels: not publicly disclosed as a universal global scale.
Forced distribution or bell curve: not publicly disclosed.
Calibration mechanics: management calibration is likely but no verified distribution percentage was found.
Appraisal start and finalisation dates outside the February executive review: not disclosed globally.
Merit increase by rating: not publicly disclosed.
Promotion increase percentage: not publicly disclosed at any level.
Probation and confirmation rules: country and contract specific, with no global public schedule.
A single annual merit month for non-union employees in every country: not found in the reviewed sources.

Modeled promotion planning timeline

BandYears to next scopePromotion hikeStatus
L1About 2 years to L2Not disclosedModeled planning interval
L2About 3 further years to L3Not disclosedModeled planning interval
L3About 4 further years to L4Not disclosedModeled planning interval
L4About 5 further years to L5Not disclosedModeled planning interval
KSelection into people leadership, not an automatic step from L4Not disclosedModeled planning interval
L5About 6 further years to L6Not disclosedModeled planning interval
L-MGRScope-driven; Boeing publishes no tenure rule for K to LNot disclosedModeled planning interval
L6Highest professional grade routinely visible in postingsNot disclosedModeled planning interval
MScope-driven; Boeing publishes no tenure rule for L to MNot disclosedModeled planning interval
DIRNo published tenure; appointment is scope-drivenNot disclosedModeled planning interval
VPAppointed rather than promotedNot disclosedModeled planning interval
EVPBoard-appointed officer tierNot disclosedModeled planning interval

Posting language is the only public evidence of career timing. Level 2 requisitions commonly cite two or more years, Level 3 five or more, Level 4 nine or more, and some Level 5 and Level 6 postings cite 14 and 20 years respectively. Movement into the grade K first-line manager population is a separate leadership selection at roughly 8 to 14 years, not an automatic step off the technical ladder, and Boeing publishes no tenure rule for grade K into L or M. The technical fellowship offers a parallel route for people who do not want to manage, but its pay equivalence to Director or Vice President is not public.

Pay progression evidence

Three different mechanisms run in parallel. Non-union salaried employees receive base adjustments, promotion increases, market corrections and the annual incentive, none of which Boeing quantifies publicly. Union-represented employees receive contractual wage steps, general wage increases, progression rules and ratification bonuses: the 2024 IAM 751 agreement carried 38 percent of nominal general wage increases over four years, approximately 43.65 percent compounded, and the January 2026 Wichita SPEEA agreement schedules wage pool increases of 5 percent in July 2026 and then 3.5, 4, 3.5 and 4 percent in the following four Marches with a 2 percent individual floor. Executives receive a February Board salary review, and the 2025 proxy shows a roughly 7 percent market adjustment for one officer and a 4 percent cost-of-living increase for another, which demonstrates that even at that level there is no uniform merit percentage.


H-1B / LCA Visa Footprint — United States

Boeing is a light H-1B sponsor for a company of 182,000 people, and its filings cluster in engineering worksites rather than at the Arlington headquarters. The FY2025 record set contains 49 certified labour condition applications across 16 cities. Every wage below is the offered base salary on the application, not total compensation.

FY2025 certified applications
49
Records visible in the H1BData set for The Boeing Company, spread across 16 worksites.
Median offered wage
$119,475
With a 25th percentile of $116,854, a 75th percentile of $144,934 and a mean of about $132,430.
Wage range
$79,331 – $272,717
The minimum was a Renton filing and the maximum a Seattle filing, a spread of nearly three and a half times.
FY2026 median (narrow entity)
$145,642
Across the 13 applications H1BGrader attributes to the exact legal name, with a $167,024 75th percentile and a $190,000 maximum.
Petition outcomes
91.3% approved
Twenty-one approvals against 23 displayed Form I-129 decisions in the MyVisaJobs FY2026 snapshot. H1BGrader separately shows 96.30 percent on its FY2025 USCIS view.
Prevailing wage levels
Level III and IV dominate
In the FY2026 narrow set, seven applications were Level IV at a $160,000 median and five were Level III at $139,298. These are Department of Labor wage levels, not Boeing's L1 to L6 grades.

Dataset summary

DatasetResultInterpretation
H1BData FY2025 record set49 records; median $119,475; 25th percentile $116,854; 75th percentile $144,934; range $79,331 to $272,717A secondary interface over Department of Labor records. This is the basis for the city table below.
MyVisaJobs FY202553 certified applications; average salary $140,889Broader entity and time aggregation than the H1BData snapshot, which is why the count and the average both run higher.
MyVisaJobs FY202672 applications; 23 Form I-129 decisions with 21 approved and 2 deniedThe same page also displays 8 green-card petitions and 41 prevailing-wage determinations, and its internal totals do not reconcile. Do not merge them blindly.
H1BGrader FY2026 legal-name subset13 applications, 100 percent certified in the displayed subsetA narrower legal-entity filter than MyVisaJobs. The gap between 13 and 72 is the clearest illustration of how much entity matching changes the answer.

City-level H-1B wage history

CityP25MedianP75Records
Seal Beach, CA
Space and satellite engineering; the single largest concentration at a third of all FY2025 records.
$117K$127,848$145K16
Seattle, WA
Commercial Airplanes engineering; the widest internal spread of any worksite.
$123K$136,843$177K6
North Charleston, SC
787 manufacturing and engineering; the lowest median of any multi-record worksite.
$88K$108,555$117K6
Everett, WA
Widebody final assembly and engineering; the highest median among multi-record worksites.
$123K$150,270$171K4
Dallas, TX
Services and digital roles; one filing at $190,000 pulls the 75th percentile well above the median.
$92K$98,972$127K4
Long Beach, CA
Space and avionics engineering; a tight two-record band.
$122K$127,046$132K2
Renton, WA
737 programme engineering; contains the lowest single wage in the set at $79,331.
$99K$118,066$137K2
Glendale, AZ
Single record; percentiles necessarily equal the one filing.
$190K$190,000$190K1
Centennial, CO
Single record; percentiles necessarily equal the one filing.
$180K$179,729$180K1
Englewood, CO
Single record; percentiles necessarily equal the one filing.
$162K$161,886$162K1
Indian Trail, NC
Single record; percentiles necessarily equal the one filing.
$160K$160,000$160K1
Auburn, WA
Fabrication site; single record.
$136K$136,427$136K1
Irving, TX
Single record; percentiles necessarily equal the one filing.
$125K$124,930$125K1
SeaTac, WA
Single record; percentiles necessarily equal the one filing.
$119K$119,475$119K1
Mukilteo, WA
Single record; percentiles necessarily equal the one filing.
$115K$115,211$115K1
Kent, WA
Single record and the lowest worksite median in the set.
$86K$85,821$86K1

All-years aggregates. P25/P75 are rounded reconstruction values marked modeled; medians and record counts are the stronger fields.

Selected title / worksite records

TitleWorksiteProffered wageNotes
Associate AI ResearcherEllicott City, MD$167,981An FY2026 filing well above the FY2025 median, reflecting a research rather than production engineering role.
EngineerSeal Beach, CA$145,246An FY2026 filing at Boeing's largest single sponsorship worksite, about 14 percent above the FY2025 Seal Beach median.

Reading the data correctly

  • The wage on a labour condition application is the offered base salary. It excludes the annual incentive, any equity and any allowance, so it is not comparable with the total compensation figures elsewhere in this report.
  • Single-record cities have no meaningful percentile distribution: the 25th percentile, median and 75th percentile all equal the one filing.
  • Counts differ sharply between providers, from 13 to 72 applications for FY2026 depending on legal-entity matching, fiscal-year cut-off, amendment inclusion and refresh timing. This report preserves the discrepancy rather than adopting the largest count.
  • The 91.3 percent figure is 21 approvals over 23 displayed Form I-129 decisions in one snapshot. It is not a company-wide lifetime approval rate and should not be combined with labour condition application certification rates, which measure a different step.
  • Defence and space work carries security-clearance requirements that many visa holders cannot meet, which is the structural reason a company of Boeing's size sponsors so few H-1B workers relative to comparable technology employers.

Key Nuances & Insights

01A ladder, not a published pay matrix

The L1 to L6 and grade K, L and M codes are unusually well evidenced because Boeing quotes them alongside a base range in United States postings. What does not exist is a universal global midpoint table. Job family, union status, security clearance, programme and city all move pay materially at the same level, and a Level 3 engineering example spans roughly $110,000 to $135,000 in lower-cost markets against $135,000 to $183,000 in Northern Virginia.

02The purchase plan is not a grant programme

Boeing's broadly accessible stock vehicle buys shares at 95 percent of fair market value with no lookback, which is worth about 5.3 percent on the money contributed. It is not an option or restricted stock grant, and the public record shows no routine free equity for the L1 to grade M population. Describing Boeing as operating a universal employee share-ownership plan misreads the disclosure.

03Executive pay is equity-heavy and much of that equity was contingent

Ortberg's 2025 grant-date equity of $17.5 million was almost twelve times his salary, but 55 percent of it was premium-priced options struck at $221.44, which pay nothing below that level. Grant-date fair value is an accounting measure, and the separate 2023 to 2025 performance-unit cycle settled at zero in February 2026.

04The 2026 long-term incentive redesign changes the risk profile

Moving from a 55 percent premium-priced option mix to 30 percent performance stock units, 20 percent cliff restricted stock units with a two-year hold and 50 percent ratable restricted stock units shifts the balance among leverage, measured performance and retention. It also lengthens the economic horizon on part of the package to five years.

05One score now covers more than 100,000 people

Consolidating separate business-unit incentive scores into a single One Company score from 2025 improves enterprise alignment and makes safety and quality a shared financial interest. It also removes any insulation an employee in one business had from problems in another, and it makes the annual incentive conversation a company-level rather than a team-level one.

06Union pay and salaried pay are different systems

Roughly 72,000 employees, about 40 percent of the workforce, are covered by collective agreements with contractual wage steps, general increases, bonus targets and progression rules. A salaried merit model cannot be applied to them, and none of the bands in this report describe their pay. The 2024 IAM 751 agreement carried 38 percent of nominal general wage increases over four years and the 2025 IAM 837 settlement reportedly carried 24 percent of wage growth plus a $6,000 ratification bonus.

07A contract fight was live at the research cut-off

On 21 August 2026 roughly 17,000 SPEEA-represented engineers and technical workers rejected Boeing's four-year offer, engineers by 64 percent and technical workers by about 72 percent, citing increases that lagged Seattle-area inflation. No further talks were scheduled, the contract expired on 6 October 2026 and the earliest possible strike date was 7 October 2026. The rejected terms, including its wage pools and proposed restricted stock unit award, are excluded from every table here because they are not active policy.

08India is an engineering centre, not an offshore delivery model

The Boeing India Engineering and Technology Centre in Bengaluru is Boeing's largest facility of its kind outside the United States, and India's roughly 7,000 employees do global engineering, digital and product-support work rather than a client-site rotation. Compensation arbitrage is real, but it should not be read as the classic onsite-offshore billing ladder of an IT services vendor.

09The global pay gap narrows sharply with seniority

Bengaluru sits at roughly 13 percent of the Arlington anchor at L1 and at roughly 55 percent at the officer tier, so the multiple falls from about seven and a half times to under two. That compression is a cash-market effect: senior Indian leadership competes in a global market for scarce programme experience while entry-level engineering competes locally.

10Senior non-United States ranges are the weakest data in the report

Boeing-specific evidence for India above L4, Australia above L3, and every level in the United Kingdom, continental Europe, Asia and the Gulf is thin or absent. Those cells are explicitly modelled from local market anchors. The Gulf columns, which exceed the anchor at leadership levels because of expatriate packaging in a tax-free jurisdiction, are the least reliable rows in the table.

11Technical fellows offer status without people management

Boeing's fellowship runs from Associate Technical Fellow to Distinguished Senior Technical Fellow, giving deep technical authority a route that does not require managing people. The pay equivalence to Director or Vice President is not public, so fellows are folded into the L5 and L6 rows here rather than given a band of their own.

12International equity can settle in cash

Award documents under the 2023 Incentive Stock Plan permit cash settlement or local modification where securities, tax or administrative rules make share settlement impracticable. An equity figure quoted for a non-United States leader is therefore not necessarily shares.

13Safety and quality are explicitly compensated

Twenty percent of the annual incentive score is safety, quality and programme execution, and Boeing describes compensation as part of its safety-accountability architecture. That is unusual weight for a non-financial measure in a large-cap annual bonus and it is the most distinctive feature of the plan design.

14Headcount moved the opposite way to the announcements

Boeing announced a roughly 10 percent workforce reduction during the 2024 crisis, yet year-end headcount rose from about 172,000 in 2024 to about 182,000 in 2025. Gross reductions, redeployment, hiring and the December 2025 Spirit AeroSystems acquisition coexisted, so announcement counts should never be read as net headcount.

15The pay ratio excludes a recent acquisition

Boeing identified its 2025 median employee after excluding 16,961 Spirit AeroSystems employees acquired on 8 December 2025 under the SEC acquisition exemption. The $141,933 median therefore describes the pre-acquisition workforce, and the 2026 ratio will not be directly comparable once those employees enter the population.

16Pay-equity detail is limited

The reviewed materials do not provide a country-by-country adjusted pay-gap analysis detailed enough to support band-level conclusions, and no lateral-versus-internal premium is quantifiable from public evidence.

Research control

Against Lockheed Martin, Northrop Grumman, General Dynamics and RTX, Boeing's disclosed chief executive package sits fourth of five and within roughly 10 percent of every peer, despite Boeing being the largest of the group by revenue and headcount. At employee level the comparison is harder because none of the peers publishes a level-coded posting range as consistently as Boeing does. What distinguishes Boeing is not the level of pay but the structure: an enterprise-wide incentive score covering more than 100,000 people, an explicit 20 percent safety and quality weighting, a purchase plan rather than a grant programme for the broad population, and roughly 40 percent of the workforce on contractual union wage schedules rather than a merit model.

Evidence classification

LabelMeaningExamples and permitted use
officialA Boeing filing, an official benefit page, a government rule or a salary-transparent Boeing job posting.Quote directly. Covers the L1 to grade M anchor ranges, all executive compensation, the equity plan terms and the United States benefits.
reportedEmployee-submitted pay, a labour condition application wage or a third-party salary record.Treat as an observation of what some people received, not as a Boeing schedule. Covers Bengaluru L1 to L4, Australian L1 to L3, Canadian L1 to L4, a single Seoul L2 record and every H-1B wage.
modeledThe Arlington anchor multiplied by a city calibration factor and the 25 August 2026 foreign-exchange snapshot.Use as a planning envelope only. Covers every non-United States cell and the Director and Vice President rows.
npdNot publicly disclosed in any reviewed source.Left explicitly blank rather than estimated. Covers the rating scale, merit percentages, most country benefit contributions and the non-union bonus target table.

Explicit “Not publicly disclosed” index

A universal Boeing grade dictionary beyond the recurring L1 to L6 and K, L and M posting evidence.
A country-by-country salary midpoint matrix.
City-level employee headcount for most sites.
A non-executive global bonus-target table.
The global annual merit budget or a standard increase percentage.
Rating labels, forced distribution and any rating-to-increase matrix.
Promotion increase percentages at any level.
A minimum grade for recurring equity eligibility below the officer population.
A typical Director or Vice President grant schedule.
Current combined incentive-plan pool utilisation across the purchase plan and the incentive plan.
The India health insurance provider, sum insured and family floater limit.
India leave day counts and the cab, meal, telephone and National Pension System contribution amounts.
Any Australian employer superannuation rate above the statutory 12 percent guarantee.
A Canadian national retirement contribution rate.
A company-wide employee attrition rate.
Any lateral-hire versus internal-promotion premium.
Compensation for regional heads, the chief human resources officer, the chief engineer and business presidents who are not named executive officers.

Known gaps and diligence before relying on a cell

  1. 1The chief executive row is deliberately absent from the band table. Boeing's chief executive salary is a single global figure of $1,500,000 that both source bundles convert identically into every city column, so carrying it into the ladder would force every location factor towards parity at the top and produce absurd offshore cells. The full package is presented in the executive section instead.
  2. 2Union-represented employees are excluded from the bands. Roughly 72,000 people are covered by IAM and SPEEA agreements whose contractual wage steps run on a different logic from the salaried ladder, and neither bundle contains a negotiated wage-scale rate table that could be modelled. Only percentage outcomes are public: 38 percent of nominal general wage increases over the 2024 IAM 751 agreement, a reported 24 percent plus a $6,000 ratification bonus in the 2025 IAM 837 settlement, and the 2026 Wichita SPEEA wage-pool schedule. Those figures appear in the progression and news sections rather than in any band anchor.
  3. 3The source bundles compute a planning figure they call CTC as base plus target variable plus an 8 to 14 percent notional employer benefit load plus any equity range. That load is employer cost rather than employee pay, and it has been stripped here: every usTotal is rebuilt as base plus target variable plus annualised equity so the components reconcile.
  4. 4The two bundles disagree on the foreign-exchange snapshot. One uses 95.41 rupees to the dollar and the other 95.3594, with similar sub-0.1 percent differences on other crosses. This report uses the first bundle's rates throughout because they are the set the larger bundle's location matrix was built on.
  5. 5The two bundles also disagree on peer coverage: the larger one includes Northrop Grumman at $25,357,443 in the chief executive comparison and the smaller one omits it. Both agree on Lockheed Martin, General Dynamics and RTX, so Northrop Grumman is retained.
  6. 6Director and Vice President anchors have no salary-transparent posting behind them. Boeing posts ranges up to grade M and stops, so those two rows are market models and are labelled as such. The Vice President row is excluded from the range chart because its modelled equity component blows out the scale.
  7. 7Equity is recorded as zero for every band from L1 through Director. That reflects an absence of evidence for a routine grant rather than proof of ineligibility: the bundles model a selective $0 to $250,000 range at Director, and occasional recognition or negotiated awards below that are possible but are not a published band entitlement.
  8. 8Base and total calibration factors are identical for every market because the source model applies one global target-variable scaffold and no market carries employee equity. Where a company has genuinely different local bonus practice, those two factors would separate; here there is no evidence to separate them.
  9. 9No geographic revenue split is presented. Boeing reports revenue by segment rather than by region in the material reviewed for these bundles, so the panel is omitted rather than filled with a segment split relabelled as geography.
  10. 10H-1B application counts differ by a factor of five between providers for FY2026, from 13 on a narrow legal-entity filter to 72 on a broad one. Both are reported rather than reconciled, because neither bundle contains the entity-level mapping needed to choose between them.

FX rates used — 1 USD equals, snapshot 2026-08-25

95.41
INR
0.733579
GBP
0.857486
EUR
1.385954
CAD
1.398601
AUD
1.67958
NZD
3.691905
PLN
1.271329
SGD
159.235123
JPY
6.719774
CNY
1385.496503
KRW
3.6725
AED
3.75
SAR
5.158035
BRL

Single-date conversion layer for comparability; it ignores payroll-date FX, tax, purchasing power, benefits valuation and hedging. Compensation intelligence, not legal, tax, investment, immigration or employment advice.

Source register — 20 sources

S012026 Proxy Statement (DEF 14A) · The Boeing Company via SEC · 2026. Named-executive compensation, annual incentive design and outcomes, long-term incentive structure, ownership guidelines, director pay and the pay ratio.
S02FY2025 Annual Report and Form 10-K · The Boeing Company via SEC · FY2025, filed 2026. Revenue, workforce, union coverage, stock plans, employee stock purchase plan activity and benefit-plan disclosures.
S03Full-Year 2025 and Q1/Q2 2026 results releases · The Boeing Company · 27 Jan, 22 Apr and Jul 2026. Revenue, deliveries, backlog and free cash flow that feed the incentive scorecard.
S05United States salary-transparent job postings · Boeing Careers · 2025–2026. The L1 to L6 technical ladder, the K, L and M management grades, experience thresholds and city base ranges.
S08Benefits and total rewards pages · Boeing and BoeingBenefits.com · Accessed Aug 2026. 401(k) match, tuition assistance, parental leave, adoption and surrogacy assistance, and wellbeing programmes.
S09United Kingdom careers and benefits materials · Boeing UK · Accessed Aug 2026. Pension, BUPA medical, sickness and disability cover, life assurance and incentive eligibility.
S10Australia careers and current postings · Boeing Australia · Accessed Aug 2026. Bonus language, superannuation options, discounts, Fitness Passport and novated leasing.
S15Forms 4 and 144 for Boeing insiders · SEC EDGAR · 2025–2026. Insider sales, equity awards and tax-withholding transactions.
S162023 Incentive Stock Plan award forms · The Boeing Company · 2023–2026. RSU, performance unit and option terms, and international cash-settlement provisions.
S18Employee Incentive Plan communications · Boeing and SPEEA · 2022–2026. The 5 percent SPEEA target, the 6.55 percent 2025 payout and the 2023 range of 3.60 to 5.95 percent.
S20IAM 751 and IAM 837 contract announcements · Boeing and IAM · 2024–2025. Union wage progression, ratification bonuses and pension provisions.
S22Boeing engineers and technical workers reject offer · Reuters · 21 Aug 2026. SPEEA vote results, membership size, bargaining status and contract expiry.
S23Crowdsourced compensation records · Levels.fyi · Aug 2026. United States, India, Australia, Canada and Seoul employee-submitted packages by level.
S28FY2025 labour condition application records · H1BData over Department of Labor data · FY2025 snapshot. The 49-record wage set and its city-level distribution.
S29Boeing immigration profile · MyVisaJobs · Updated 18 Aug 2026. Broader application counts, petition decisions and example FY2026 offered wages.
S30Boeing sponsor profile · H1BGrader · FY2026 snapshot. Legal-entity-filtered application count, wage-level distribution and certification rate.
S31Daily and reference exchange rates · Reserve Bank of Australia and European Central Bank · 25 Aug 2026. Every currency cross used in this report.
S402026 peer proxy statements · Lockheed Martin, Northrop Grumman, General Dynamics and RTX via SEC · 2026. FY2025 peer chief executive compensation.
S41NYSE market data for BA · New York Stock Exchange · 25 Aug 2026 close. The $211.08 share price used for equity share-count illustrations.
S46Company profile and global presence pages · The Boeing Company · Accessed Aug 2026. The 182,000 employees in more than 65 countries figure and the regional footprint.

Recent News & Workforce Trend

Two things dominate the recent compensation record: the consolidation of the annual incentive into one enterprise score covering more than 100,000 employees, and an unresolved white-collar contract dispute that was live at the research cut-off.

~171,000
2023 employees
Annual report figure; union coverage not restated here.
~172,000
2024 employees
About 58,000 union members, 15 percent of the workforce outside the United States, in the year of the 53-day IAM 751 strike.
~182,000
2025 employees
About 72,000 union members and 14 percent outside the United States, after the December 2025 Spirit AeroSystems acquisition.

The 2024 to 2025 increase of roughly 10,000 people ran directly against an announced 10 percent workforce reduction, because gross reductions, redeployment, rehiring and the Spirit AeroSystems acquisition all landed in the same period. Union coverage grew faster than headcount, from about 58,000 to about 72,000, which is a structural change in how much of Boeing's payroll is set by contract rather than by merit review. Boeing publishes no company-wide attrition rate, and the 79 percent of employees who said they were proud to work at Boeing in the 2026 survey, up 12 points, is an engagement measure rather than a turnover one.

21 Aug 2026
SPEEA members reject the four-year offer

Roughly 17,000 engineers and technical workers voted the proposal down, engineers by 64 percent and technical workers by about 72 percent, citing increases that lagged Seattle-area inflation against an offer capped at 3 percent of inflation-linked increases plus individual performance elements. No further talks were scheduled at the cut-off, the contract expired on 6 October 2026 and the earliest possible strike date was 7 October 2026. The rejected wage pools, incentive target change and proposed restricted stock unit award are excluded from every table in this report.

Reuters and SPEEA negotiations page
1 Feb 2026
The 2025 One Company score is set at 131 percent

One enterprise score, weighted 80 percent on free cash flow, core earnings per share and revenue and 20 percent on safety, quality and programme execution, set the annual cash incentive for the executive team and more than 100,000 employees. For a SPEEA Puget Sound member on a 5 percent target it produced 6.55 percent of eligible earnings.

2026 proxy statement and SPEEA clarification
1 Feb 2026
The 2023 to 2025 performance stock unit cycle pays zero

The three-year cumulative free cash flow condition finished below threshold and the awards settled at nil in February 2026. It is the clearest available demonstration that a grant-date value in the Summary Compensation Table is not income.

2026 proxy statement
1 Feb 2026
Executive long-term incentive redesigned away from options

Premium-priced options were removed from new grants and performance stock units reintroduced. The 2026 mix is 30 percent performance units measured half on cumulative free cash flow and half on relative total shareholder return, 20 percent three-year cliff restricted stock units with a two-year post-vesting hold, and 50 percent ratable restricted stock units.

2026 proxy statement
8 Dec 2025
Spirit AeroSystems acquisition closes

The transaction added a substantial acquired workforce and is the main reason year-end headcount rose despite announced reductions. Boeing excluded 16,961 Spirit employees from its 2025 median-employee identification under the SEC acquisition exemption, so the 166:1 pay ratio describes the pre-acquisition population.

FY2025 Form 10-K and 2026 proxy statement
1 Aug 2025
IAM 837 St. Louis settlement ends a roughly 100-day strike

The five-year agreement reportedly carried about 24 percent of wage growth and a $6,000 ratification bonus for defence production employees in Missouri. It is a contractual schedule, not a merit outcome, and it applies to none of the bands in this report.

Boeing and IAM announcements, Reuters
1 Jul 2025
New Performance and Development process launched

The refreshed process assesses both what an employee delivers and how they demonstrate the company's values, with the how dimension weighted more heavily for employees whose incentive carries an individual multiplier. Boeing published no rating scale, distribution or increase matrix alongside it.

Boeing Performance and Development communication
1 Nov 2024
IAM 751 ratifies a four-year agreement after a 53-day strike

The Puget Sound production agreement carried 38 percent of nominal general wage increases over its term, approximately 43.65 percent compounded, plus ratification and pension provisions. It reset the pay expectations that the 2026 SPEEA negotiation was measured against.

Boeing and IAM 751 announcements
Last updated 2026-08-27