-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 S/dLIvTiaKw1UXmhDTZ73zJA0L/Ot8dvRKSh4wdCD7q7ERGwXEL0A1+AQqqSMgwj
 Y5d0Ees+RnMViEGTiNZF5g==

<SEC-DOCUMENT>0000012927-03-000013.txt : 20030512
<SEC-HEADER>0000012927-03-000013.hdr.sgml : 20030512
<ACCEPTANCE-DATETIME>20030509182803
ACCESSION NUMBER:		0000012927-03-000013
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030508
FILED AS OF DATE:		20030512

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			SWAIN DAVID O
		CENTRAL INDEX KEY:			0001026015
		STANDARD INDUSTRIAL CLASSIFICATION:	AIRCRAFT [3721]
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-00442
		FILM NUMBER:		03691396

	BUSINESS ADDRESS:	
		STREET 1:		BOEING CO
		STREET 2:		100 N N RIVERSIDE PLAZA M/C 5003-5499
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
		BUSINESS PHONE:		3125442600

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BOEING CO
		CENTRAL INDEX KEY:			0000012927
		STANDARD INDUSTRIAL CLASSIFICATION:	AIRCRAFT [3721]
		IRS NUMBER:				910425694
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		P O BOX 3707 MS 1F 31
		CITY:			SEATTLE
		STATE:			WA
		ZIP:			98124
		BUSINESS PHONE:		2066552121

	MAIL ADDRESS:	
		STREET 1:		100 N RIVERSIDE PLZ
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BOEING AIRPLANE CO
		DATE OF NAME CHANGE:	19730725
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>swa517.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>
    <schemaVersion>X0101</schemaVersion>

<documentType>4</documentType>
	<periodOfReport>2003-05-08</periodOfReport>
	<notSubjectToSection16>0</notSubjectToSection16>
<issuer>		<issuerCik>0000012927</issuerCik>
        <issuerName>BOEING CO</issuerName>
<issuerTradingSymbol>BA</issuerTradingSymbol>
	</issuer>
	<reportingOwner>
		<reportingOwnerId>
			<rptOwnerCik>0001026015</rptOwnerCik>
            <rptOwnerName>SWAIN DAVID O</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
<reportingOwnerRelationship>
			<isDirector>0</isDirector>
			<isOfficer>1</isOfficer>
			<isTenPercentOwner>0</isTenPercentOwner>
			<isOther>0</isOther>
			<officerTitle>Exec VP, CTO</officerTitle>
		</reportingOwnerRelationship>
	</reportingOwner>
	<derivativeSecurity>
		<securityTitle>
			<value>Deferred Compensation Units</value>
		</securityTitle>
		<conversionOrExercisePrice>
			<value>0.000</value>
		</conversionOrExercisePrice>
		<transactionDate>
			<value>2003-05-08</value>
		</transactionDate>
		<transactionCoding>
			<transactionFormType>4</transactionFormType>
			<transactionCode>A</transactionCode>
			<equitySwapInvolved>0</equitySwapInvolved>
		</transactionCoding>
		<transactionAmounts>
			<transactionShares>
				<value>221.15</value>
				<footnoteId id="F1"/>
			</transactionShares>
			<transactionValue>
				<value>28.175</value>
			</transactionValue>
			<transactionAcquiredDisposedCode>
				<value>A</value>
			</transactionAcquiredDisposedCode>
		</transactionAmounts>
		<exerciseDate>
			<value>1988-08-08</value>
		</exerciseDate>
		<expirationDate>
			<value>1988-08-08</value>
		</expirationDate>
		<underlyingSecurity>
			<underlyingSecurityTitle>
				<value>Common</value>
			</underlyingSecurityTitle>
			<underlyingSecurityShares>
				<value>0.00</value>
			</underlyingSecurityShares>
		</underlyingSecurity>
		<postTransactionAmounts>
			<sharesOwnedFollowingTransaction>
				<value>0</value>
			</sharesOwnedFollowingTransaction>
		</postTransactionAmounts>
		<ownershipNature>
			<directOrIndirectOwnership>
				<value>I</value>
			</directOrIndirectOwnership>
			<natureOfOwnership>
				<value>Deferred Compensation Stock Program</value>
			</natureOfOwnership>
		</ownershipNature>
	</derivativeSecurity>
	<derivativeSecurity>
		<securityTitle>
			<value>Deferred Compensation Units</value>
		</securityTitle>
		<conversionOrExercisePrice>
			<value>0.000</value>
		</conversionOrExercisePrice>
		<transactionDate>
			<value>2003-05-08</value>
		</transactionDate>
		<transactionCoding>
			<transactionFormType>4</transactionFormType>
			<transactionCode>A</transactionCode>
			<equitySwapInvolved>0</equitySwapInvolved>
		</transactionCoding>
		<transactionAmounts>
			<transactionShares>
				<value>55.29</value>
				<footnoteId id="F2"/>
			</transactionShares>
			<transactionValue>
				<value>0</value>
			</transactionValue>
			<transactionAcquiredDisposedCode>
				<value>A</value>
			</transactionAcquiredDisposedCode>
		</transactionAmounts>
		<exerciseDate>
			<value>1988-08-08</value>
		</exerciseDate>
		<expirationDate>
			<value>1988-08-08</value>
		</expirationDate>
		<underlyingSecurity>
			<underlyingSecurityTitle>
				<value>Common</value>
			</underlyingSecurityTitle>
			<underlyingSecurityShares>
				<value>0.00</value>
			</underlyingSecurityShares>
		</underlyingSecurity>
		<postTransactionAmounts>
			<sharesOwnedFollowingTransaction>
				<value>76606.21</value>
			</sharesOwnedFollowingTransaction>
		</postTransactionAmounts>
		<ownershipNature>
			<directOrIndirectOwnership>
				<value>I</value>
			</directOrIndirectOwnership>
			<natureOfOwnership>
				<value>Deferred Compensation Stock Program</value>
			</natureOfOwnership>
		</ownershipNature>
	</derivativeSecurity>
	<footnotes>
		<footnote id="F1">Phantom stock units acquired under the company's Deferred Compensation Plan through salary deferral.</footnote>
		<footnote id="F2">Salary match shares of phantom stock allocated to the reporting person's account under the Company's Deferred Compensation Plan.</footnote>
	</footnotes>
	<ownerSignature>
		<signatureName>/s/ Swain, David O.</signatureName>
		<signatureDate>2003-05-09</signatureDate>
	</ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----