Boeing will reveal the location of its planned second final assembly line for the 787 “over the next couple of weeks,” CEO James McNerney said today. Speaking during the company’s third-quarter earnings call, McNerney effectively narrowed the competition to Everett and Charleston, S.C., while downplaying the risk and redundancy of locating two lines that build the same product on opposite sides of the country.
The technical and logistical nightmare that manifested itself in a two-and-a-half-year delay of the Boeing 787 Dreamliner cost the company not only development money and market value, but credibility among its customer base and the industry at large.
Boeing Commercial Airplanes president and CEO Scott Carson announced today that he will retire from the company at the end of the year. Boeing chairman, president and CEO Jim McNerney has named Jim Albaugh, 59, to Carson’s leadership role at Boeing Commercial Airplanes (BCA), and Dennis Muilenburg, 45, to succeed Albaugh as president and CEO of Boeing Integrated Defense Systems (IDS). Both appointments take effect September 1.
Boeing has identified a remedy to the 787 Dreamliner’s wing-to-side-of-body stress problem the company revealed last month, but engineers haven’t yet decided on an approach to implementing the plan, chairman, president and CEO Jim McNerney said this morning during the company’s second-quarter earnings call.
Boeing’s announcement on January 9 that it planned to lay off some 4,500 employees within its Commercial Airplanes business starting in April might not have come as a surprise given the economic depths to which the airline business expects to sink this year.
Boeing posted a company-wide fourth-quarter loss of $56 million, resulting mainly from its two-month-long machinists strike and a charge related to the delay of the 747-8 program, the company announced on Wednesday morning. Revenues at Boeing Commercial Airplanes (BCA) dropped 15 percent, to $28.3 billion, as the division delivered 105 fewer airplanes than expected due to the strike.
The delay of the first flight and early deliveries of the 787 will cost Boeing $3.5 billion in revenue next year, according to financial guidance released by the company this morning.
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