Thread regarding Boeing Co. layoffs

You think Q3 was bad...wait until you see Q4!

Boeing doesn’t have any future as a competitive and successful aerospace company. These days it's all about hyping Boeing stock potential and generating wealth for Boeing executives. At some point, Boeing stock investors are going to get burned like the poor souls in the Max accidents.

A big part of their loss this quarter was due to the fixed price military contracts such the tanker and MQ-25. There’s not enough orders for those airplanes to recover the initial investment.

The best troll question from the Q3 Earnings call; Ron's got Dave's number and knows exactly what's wrong with the Boeing business model:

"Thanks for the time. You mentioned on the call that your primary focus metric is going to be free cash flow. In the past, focusing on free cash flow got the company to where it is today. It didn't end very pretty. How are you viewing that differently than how it was viewed in the past? I mean, Dave, you were on the board when a lot of these decisions were made in the past. So, I mean, how – what's – how are you going to view this cash focus different than you did, call it, five, six years ago?" - Ronald J. Epstein
Analyst, BofA Securities, Inc.

"Yeah. Ron, I'm not going to comment on the past. I'm not sure that's helpful to anybody....So I'm probably not going to take the bait. I do have confidence that we are doing exactly what we need to be doing, and the free cash flow metric is a very clear indicator of performance not just in the near term, but also the medium and long term. So, sorry, but that's the answer." - Dave Calhoun

Mid-September: Calhoun publicly states Max 7 and 10 cert could happen in 2022. Anyone other than Jim Cramer and other CNBC jokers is surprised by this projection.

https://money.usnews.com/investing/news/articles/2022-09-15/u-s-faa-not-committing-to-timeline-to-approve-boeing-737-max-7-10

Weeks later, begging for an extension and threatening cancellation. He is probably hoping for a 'No' since the 10 will be lucky to make a 2024 date based upon the total lack of execution within Boeing on anything other than 20000 people making and reviewing schedules. Wasn't the 7 supposed to be a slam dunk?

What would happen if Musk made a similar public statement and quick about face? I don't see how investors or employees accept this, or how anyone would choose to invest a single dollar in this company with the current management team in place.

What is the current projection for 777X cert? Go back to the first draft before everyone in the next 20 layers of bloated hierarchy says, 'we can't show that' and add at least three years LOL.

Yeah, the West Virginia Appalachian leadership team, what they are called by many Boeing employees, are relatives that were promoted well beyond their competency level from their first promotion and things only got worse from there.

There hasn't been ethics at Boeing for many many years. But these days it's all corruption, cover-up and greed by self-serving and sellf-entitled leadership who obtained their positions solely by nepotism.

“There’s a crisis of credibility”
NO
The Crisis is of --- “No Credibility” ---
In addition, this crisis arose from having No Ethics

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Investors are not drinking the Blue Kool-Add
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