July 15, 2016, marked the 100th anniversary of the US aircraft manufacturer Boeing. The company was founded in Washington by William Boeing, just a century ago.
William Boeing, the son of a German immigrant, was dealing with a successful wood industry at the beginning of last century. In 1915 he took pilot license and bought a seaplane production of the company Martin. The Martin TA hydroaeroplane, however, was shortly damaged. When he was told that spare parts won’t be available for months, Boeing decided to create his own seaplane.
The machine, which was named B & W Seaplane was constructed by Boeing and his close friend and aviator George Westervelt. It performed its first flight on June 15, 1916.
On July 15, 1916, William Boeing founded the company Pacific Aero Products Co. It had a capital of $100,000 (about $2.3 million today), divided into 1,000 shares of $100. Boeing had 998 of these shares.
On November 15 the same year the sky staggered the first fully own construction of the company. Boeing Model C was a two-seater single-engine biplane seaplane, the main purpose of which was training new pilots. The machine was created by the first professional engineers Boeing hired – James Foley and Wong Tsu.
In April 1917 was signed a contract with the US Navy to supply 51 seaplanes. Other two were bought by the US Army. Thus the only second model created by the company became a commercial success.
Meanwhile, on May 9, 1917, Boeing renamed his company to Boeing Airplane Co.
And the rest, as they say, is history.