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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Qplwo8mDfl8qjpreQ07qwHG/s7p8iKjyTWqgSS/3cAdYDxMFuJSGhVN89utzXVUj
 0wwq206e+c8CuI4F2xNl4g==

<SEC-DOCUMENT>0001209191-03-004204.txt : 20030513
<SEC-HEADER>0001209191-03-004204.hdr.sgml : 20030513
<ACCEPTANCE-DATETIME>20030513160323
ACCESSION NUMBER:		0001209191-03-004204
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030509
FILED AS OF DATE:		20030513

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			DUBERSTEIN KENNETH M
		CENTRAL INDEX KEY:			0001013056
		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:		03695672

	BUSINESS ADDRESS:	
		STREET 1:		2100 PENNSYVANIA AVENUE NW
		CITY:			WASHNGTON
		STATE:			DC
		ZIP:			20037
		BUSINESS PHONE:		2027281100

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>bos89229_bos15kmd.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument>    <schemaVersion>X0101</schemaVersion><documentType>4</documentType><periodOfReport>2003-05-09</periodOfReport><notSubjectToSection16>0</notSubjectToSection16><issuer><issuerCik>000012927</issuerCik>        <issuerName>BOEING CO</issuerName><issuerTradingSymbol>BA</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId><rptOwnerCik>0001013056</rptOwnerCik>            <rptOwnerName>DUBERSTEIN KENNETH M</rptOwnerName>        </reportingOwnerId>        <reportingOwnerAddress>            <rptOwnerStreet1>  </rptOwnerStreet1>            <rptOwnerStreet2>  </rptOwnerStreet2>            <rptOwnerCity>  </rptOwnerCity>            <rptOwnerState>  </rptOwnerState>            <rptOwnerZipCode>  </rptOwnerZipCode>        </reportingOwnerAddress><reportingOwnerRelationship><isDirector>1</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><derivativeSecurity><securityTitle><value>Sto
ck Option (Right to Buy)</value></securityTitle><conversionOrExercisePrice><value>28.223</value><footnoteId id="F1" /></conversionOrExercisePrice><transactionDate><value>2003-05-09</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>A</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>2400</value></transactionShares><transactionValue><value>0.00</value><footnoteId id="F3" /></transactionValue><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>2004-05-03</value><footnoteId id="F2" /></exerciseDate><expirationDate><value>2013-04-28</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common</value></underlyingSecurityTitle><underlyingSecurityShares><value>2400</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>2400</value><
/sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeSecurity><footnotes><footnote id="F1">The exercisable price is the average of the fair market value for the fifth through ninth business days following the date of grant.</footnote><footnote id="F2">Stock Option is exercisable on the date of the annual meeting per the following schedule: 40% exercisable on year after grant, an additional 30% exercisable three years after grant and the final 30% exercisable five years after grant.</footnote><footnote id="F3">Converts on a one-for-one basis.</footnote></footnotes><ownerSignature><signatureName> /s/ Meghan Gillette, Attorney-in-Fact</signatureName><signatureDate>2003-05-12</signatureDate></ownerSignature></ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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