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The Boeing Company (/?bo???/) is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. The company also provides leasing and product support services. Boeing is among the largest global aerospace manufacturers; it is the fifth-largest defense contractor in the world based on 2017 revenue,[4] and is the largest exporter in the United States by dollar value.[5] Boeing stock is included in the Dow Jones Industrial Average. Boeing is incorporated in Delaware.[6] Boeing was founded by William Boeing on July 15, 1916, in Seattle, Washington.[7] The present corporation is the result of the merger of Boeing with McDonnell Douglas on August 1, 1997. Former Boeing chair and CEO Philip M. Condit continued as the chair and CEO of the new Boeing, while Harry Stonecipher, former CEO of McDonnell Douglas, became the president and chief operating officer of the newly merged company.[7] The Boeing Company has its corporate headquarters in Chicago, Illinois. The company is led by President and CEO Dennis Muilenburg.[8][9][10] Boeing is organized into five primary divisions: Boeing Commercial Airplanes (BCA); Boeing Defense, Space & Security (BDS); Engineering, Operations & Technology; Boeing Capital; and Boeing Shared Services Group. In 2017, Boeing recorded US$93.3 billion in sales, ranked 24th on the Fortune magazine “Fortune 500” list (2018),[11] ranked 64th on the “Fortune Global 500” list (2018),[12] and ranked 19th on the “World’s Most Admired Companies” list (2018).