Anyone heard this news?
5 replies (most recent on top)
@OP cutting ot was to make financial performance appear stronger, after all if you read the GD Proxy Statement it will show that incentives for the execs are tied to financial performance.
Found one!⬇️ @jc+1
Our economy is so intermeshed with the global economy that there is no realistic way to justify tariffs. We outsourced all of our basic item manufacturing overseas over the last five to six decades. It is unrealistic to expect any company, no matter how big, to be able to cease producing items overseas, and move all means of production back to the states. It would take at least 5-10 years just to build the infrastructure alone. Tariffs accomplish nothing but raise prices on all items for the consumer and disrupts the supply chain even more. Things are going to get worse I predict because we are hit by the impact of these policies on both sides. The cost of raw materials will increase and many of our customers will probably cancel contracts because of the uncertainty of the economy. They will need to cut cost somewhere. A private jet isn't the best business expense when you think of not only the purchase price and financing, but also the operating expenses, maintenance (scheduled and unscheduled), Airport fees, pilot and crew expenses, and insurance premiums. We will see many companies and individuals cancel or scale back their orders, while the cost of our production will go up due to material costs. All because a bunch of people thought that a man with the business acumen of a baboon would be able to steer our country to new heights based on nothing but conjecture and hyperbole.
OT for IEF already cut. No way they cut touch labor OT too? Cant make money if we’re not building planes.
That's one problem. Couple that with international supply chain issues, growing cost of international supplies of raw and transformed goods, export constraints with retaliatory tariffs and a general workforce that is unqualified at best and you have a recipe for disaster. Welcome to the new reality of aerospace OEMs! This will be an interesting year for sure! Are we great yet? I will leave this link here of a great video that explains this so well that a kindergartner could understand it. https://youtu.be/kMC--S-KfiA?si=M_zBAe9Ubv7p7DCK