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⇒ All Things Boeing ... NASA may send Starliner home without its crew
Might BA’s woes benefit other defense companies … LMT, NOC, RTX, GD? I read a few days ago that BA is one of the bidders on a new unmanned plane for the DOD.
I own one of BA’s competitors. Wondering if BA’s problems are already baked into the price (I would assume so).
Or is defense too small a part of Boeing to matter…
This stock held up pretty well above $200 through last week but this week it fell through that resistance. The stock price reaction to news has been very uneven / unpredictable. So be careful in bottom fishing this one. But do post if and when you make a buy.
There is that word again... coincidence...and what is the latest line... what's the difference between the truth and conspiracy theory? Answer. Six to nine months....
I sure hope they find their way back. Once, a really great American company. Would be a loss for nation, and globe, if they do not.
Calhoun had to go, of course, after the panel incident. One bad thing too many under his watch, which included being hit with Covid. The hidden role of chance ...
I would add T to the likes of BA. I am seeing more and more companies follow BA model; it is just that when their products fail, there is no spectacular mass deaths. So, may be there is a corporate culture degradation more than we are willing to admit. ESG did more harm than help to Governance when ESG became a slogan. Larry Fink moved on from ESG to Crypto (very environmentally friendly and socially desirable?) - May be he can make some useful noise about governance. Many companies’ current customer focus is subpar relative to their former self.
I would add T to the likes of BA. I am seeing more and more companies follow BA model; it is just that when their products fail, there is no spectacular mass deaths. So, may be there is a corporate culture degradation more than we are willing to admit. ESG did more harm than help to Governance when ESG became a slogan. Larry Fink moved on from ESG to Crypto (very environmentally friendly and socially desirable?) - May be he can make some useful noise about governance. Many companies’ current customer focus is subpar relative to their former self.
Yes, there are from time to time some particularly egregious cases. But I marvel at those who still think that Big Money should be trusted to police themselves. It's just never been the case that Big Money could be trusted about anything at all. ESG might have a place in the Big Picture; but capitalism is about making money, not doing good. I can recall a scene from the series, "Thirtysomething." Michael got schooled by his boss in that direction. ESG is never the goal.
On the other hand, gummint regulations can go too far, as well. Just check out the current "woke" rules and regulations. "Woke" started off in a beneficial way; it has become nutso-extreme. And in Canada, laws have been passed which force people to use COMPELLED, legally mandated speech!
Why did it take so long? I worked in corporate America for decades. My observation was that any employee up to middle management who did something wrong would be fired within days but higher management and especially the CEO would let go after months. Wait, the CEO would still get his salary until the end of the contract What a joke, the people who made all the big decisions=mistakes suffered the least.
Here's what bothers me about this one: we read that the expected life span of this type of aircraft is 30 years. The Delta plane is 34 years old. Is there any kind of regulatory requirement for inspection or special maintenance in a situation like this?? None of the news reports that I've seen have followed up on that question. Why?
Comments
I own one of BA’s competitors. Wondering if BA’s problems are already baked into the price (I would assume so).
Or is defense too small a part of Boeing to matter…
AIRBUS, U.S. production locations.
Seems odd as he was supposed to testify at the whistleblower trial but didn't show up
Oy vey.
CEO(as noted by @BaluBalu) is an electrical engineer who once ran Qualcomm.https://www.boeing.com/company/bios/steven-m-mollenkopf-bio
https://boeing.mediaroom.com/2024-03-25-Boeing-Announces-Board-and-Management-Changes
No new CEO yet.
Bloomy was running the BA news as a crisis. I see the BA news as a long overdue change and good news.
Shakeup: Boeing CEO Dave Calhoun to step down
To recap, in the OT section the articles on the Boeing situation are as follows:
• 1/7/24: Yet More Trouble on the Boeing 737... so it's asking for an exemption to safety rules
• 1/8/24: United finds loose bolts on Boeing jets grounded after blowout incident
• 1/9/24: FAA says safety ‘not speed’ will decide how long Boeing jets are grounded
• 1/10/24: Boeing 737 Max 9: A closer look at the much-discussed "missing bolts" -
• 1/11/24: F.A.A. Investigating Whether Boeing 737 Max 9 Conformed to Approved Design
• 1/12/24: FAA to increase oversight of Boeing citing ‘other manufacturing problems'
• 1/22/24: FAA: Airlines should check the door plugs on another model of Boeing plane
• 1/23/24: United Airlines re Boeing: "The Straw That Broke the Camel's Back"
• 1/24/24: Boeing's quality control: "A rambling, shambling, disaster waiting to happen"
• 1/25/24: Alaska holds Boeing accountable, wants to be made whole for $150M in losses
• 1/25/24: Airlines Hoping for More Boeing Jets Could Be Waiting Awhile
• 2/21/24: Head of Boeing’s 737 program will leave the company
• 2/26/24: Boeing Efforts to Improve Safety Fall Short, FAA Panel Says
• 2/28/24: FAA gives Boeing 90 days to fix quality control issues
• 3/6/24: Boeing stonewalling National Transportation Safety Board, says top US safety official
• 3/9/24: Boeing Subject of Criminal Inquiry by DOJ
• 3/12/24: Boeing quality whistleblower John Barnett is found shot dead
• 3/25/24: Shakeup: Boeing CEO Dave Calhoun to step down
https://www.cnbc.com/2024/03/26/boeing-ceo-who-could-replace-calhoun.html
Calhoun had to go, of course, after the panel incident. One bad thing too many under his watch, which included being hit with Covid. The hidden role of chance ...
https://prospect.org/infrastructure/transportation/2024-03-28-suicide-mission-boeing/
On the other hand, gummint regulations can go too far, as well. Just check out the current "woke" rules and regulations. "Woke" started off in a beneficial way; it has become nutso-extreme. And in Canada, laws have been passed which force people to use COMPELLED, legally mandated speech!
SWA. Engine cowling fell off during or after takeoff. Safe return to Denver Airport. Are they using Spirit for maintenance, too? WTF!
Artificial Maintenance.
It's a natural companion to AI (Artificial Inspection) as developed by Boeing.
It's useful at other times too.
I worked in corporate America for decades.
My observation was that any employee up to middle management who did something wrong would be fired within days but higher management and especially the CEO would let go after months.
Wait, the CEO would still get his salary until the end of the contract
What a joke, the people who made all the big decisions=mistakes suffered the least.
https://thehill.com/homenews/4598076-boeing-whistleblower-says-787-fleet-should-be-grounded/
https://prospect.org/infrastructure/transportation/2024-03-28-suicide-mission-boeing/
https://www.wwlp.com/news/emergency-slide-falls-off-forces-delta-flight-to-return-to-jfk-airport-officials/