This should be good for Boeing

This is like bad deja vu from Trump's first term. I guess we'll once again be trumpeting every time somebody hires someone, and every non-binding business deal announcement that usually won't even turn out to be true?

Color me excited. We wouldn't have any of this without that amazingly great man, Donald Trump. We're lucky to have him. We owe him so much!

 

Did China officially cancel all their orders or just reject delivery of the earliest deliveries?

 

The Boeing-McDonnell Douglas merger was the beginning of all of this. We had subbed to both and had been prime to both. Boeing was easy to work with. MD was like dealing with a Buy Here-Pay Here used car lot.

The MD people ran roughshod over the Boeing execs and established that shitty MD culture over the entire enterprise. Breaking them up into commercial and defense would most likely bury both. I do wish I had the answer because Boeing won’t improve on their own. But to be fair, the entire A&D industry is a mess right now. Too many other commercial industries have pulled away top engineering talent from A&D and paid them more. We lose engineers all the time to industries and companies that were never competitive with A&D 15 years ago. The US and international defense market didn’t want to accept the higher cost of retaining top technical talent and the heritage companies were so arrogant that they thought they could just hire new engineers out of college and not miss beat. Many Suppliers have moved away from defense work is their commercial is simply easier and just as much, if not more profitable

 

Good insight. Sounds like same deal as Intel and GE and HP and many other legacy tech or engineering type companies.

Too many MBA cooks in the kitchen, and too much “financial engineering” to keep stock prices up while the core business rots underneath. I’m guessing if I looked up Boeing executive pay there’ll be some egregious pay package and/or golden parachutes for ex-CEO’s shown the door. For what?

 

While Boeing is the only true domestic commercial aircraft producer in the US, Airbus does have a factory in Mobile, Alabama where it produces the A320 NEO and the A220.
Airbus Mobile - Wikipedia
Airbus Completes 500th U.S.-built Airliner In Mobile, Alabama | AIN

 

2013.

Did you even remember to thank Obama?

 

Can't argue with that, see it all the time. COVID has made it much worse. Honestly I don't think it's recoverable. The new model that Space X and Blue Origin has used is probably what needs to happen, but it's impossible with Boeings structure and unions. Same issue with the auto sector. Everything new for these companies has been subbed out to the tech industry where the talent is. No one decent wants the lower pay and long hours working for the aircraft or defense sector.