When Barron’s recommended Boeing on Aug. 13, it was predicated on three things happening: CEO Dave Calhoun needed to prioritize engineering, build a new plane, and sell more stock to fix the balance sheet. None of that has happened, and the shares (ticker: BA) are down 44% since then.
https://www.barrons.com/articles/boeing-hasnt-deliveredon-jets-or-other-requisites-for-recovery-51653680738
Boeing's demise was accurately predicted and documented in 2008 by Bob Bogash Not Acceptable discussion:
https://www.thelayoff.com/t/1gTpPz09
I have always been on the 737 side of the business and the Moscow design center
Was always played down as a nothing burger.
I had no idea Boeing was selling this country out. I stand corrected.
The Moscow design center had a significant amount of work even going back as far as the 787. Next time if you don’t know what you’re talking about don’t type.
“Take the 787 mentioned above. Its nose section, interior components, systems installations (such as environment control system, fuel, electrical and hydraulics systems), pylons, wing to body jo--t, and wing control surfaces were designed by the engineers of the Boeing subsidiary in Russia – the Boeing Design Center (BDC) that employs 1,200 aerospace engineers.
And the 787 is not the only airplane that was developed here. The largest design center for computer-aided design of aerospace structures outside the U.S., the BDC, took part in hundreds of Boeing projects including:”
https://www.rbth.com/business/2017/08/24/how-boeing-and-airbus-use-russias-expertise-to-develop-their-airplanes_827604
Apparently you were not on 777X Because large sections of it were designed by engineers in Moscow. Their managers were in Everett and some of the leads but the majority of the engineers were in Moscow.
Speaking of people yapping their mouth it’s obvious you don’t know what you’re talking about because Boeing did not have 2000 engineers in Moscow doing nothing. They were given considerable design and analysis tasks on the 777x. And the plan was to give them even more work on the next new aircraft before the state department forced them to shut their operation their down. There were more engineers in Moscow almost 2000 then in Everett and Renton. If you think Boeing was paying the salaries for 2000 people to sit around and do nothing in Moscow I’ve got a Ferry In Mukilteo to sell you.
In reference to Boeing’s Management Culture, aside from it being outright criminal.
There only focus has been how we can compete against,
China’s Communist Party State Owned Aircraft Manufacturing Company, Comac.
When put in that context, how stսpid is management? --- We Can’t!!!!
In response to this new economic threat, this seasoned criminal culture of
Boeing went further into exploring the “What Can We Get Away With Philosophy”
The 12 story high Neon Sign of Incompetence was constructed when we cut
some 1200 quality control personnel in an effort to build commercial aircraft
like Detroit builds a Ford or a Chevy.
Look at Detroit now. That is Boeing’s Future --- decayed and desolate.
With MCAS being the debaսchery icing on the whole rotten cake.
Moscow has never had a high level of engineering or design, It’s a PR Façade.
The only type work they have ever been assigned is ancillary,
it’s a good will endeavor to keep Russia's aerospace engineers employed and
to help train up and coming engineers, and (never ever never) design airplanes.
Any assertion contrary to this fact is hyperbolic nonsense mongering.
Such bombastic clams of air frame / aircraft design is typical of shop floor mutt’s.
So typical, flapping their lips of expertise with zero knowledge of subject matter.
We give them some work, they buy our airplanes. Simple...
https://boeing.mediaroom.com/1998-06-09-Boeing-Celebrates-Anniversary-with-New-Design-Center-in-Moscow
They were planning to use the Boeing design center in Moscow for the majority of the engineering for the next airplane. So they don’t have the expertise. There’s not an army of contract engineers in the workforce now as it would’ve been 30 years ago when they did the 777 or even 20 years ago for 787. On top of it they pushed out all their older engineers who were near retirement age. They will likely try to Farm out the majority of the engineering again to partners similar to the 787 due to spending their cash reserves on stock buybacks and victim payouts.
The problem is some preferred partners are not interested in collaborating with Boeing like KHI who have their own regional jets And China is now one of their biggest competitors.
They are in the corner with a series of bad executive decisions. Their only hope is to get a series of partners to fund their development cost for a new airplane cause Boeing is in too bad of a financial situation. That would leave mainly spirit and Alena who they are not happy with.
Bottom line is they don’t have the money to fund a new program or the engineering expertise due to a series of management missteps.
Boeing cannot continue as an organization as it currently exists. Boeing has become an organization that is riddled with metastasizing cultural cancer. The devastating effects of this organizational illness can clearly be seen in the total failure of all their programs, the MAX, the KC-46, the 777X, the 787 and the Starliner. The abnormal Boeing culture created all of this, their obsession with financial metrics over sound engineering, the antiquated top down one-way dictatorial management structure which suppresses and discourages the open discussion of reasonable issues and concerns and is more interested in finding scapegoats as opposed to admitting and addressing real problems, their obsession with being WOKE and putting unqualified people in leadership positions just to satisfy quotas. The list goes on and on, but it all comes back to the rotten culture which exists within Boeing. This rotten culture is going to be Boeing's undoing.
They must have installed MCAS on the stock, it's going down just like the MAX