38 Burst results for "Boeing"
Fresh update on "boeing" discussed on Morning News with Manda Factor and Gregg Hersholt
"Money. Update. Raymond James. Analysts are optimistic for domestic airlines recovery as Corona virus cases subside. They say Alaska's West Coast and Hawaii route should pick up before the summer season kicks into high gear as the airline takes advantage of pent up demand. Boeing has made several changes to the membership and structure of its board since the 2nd 7 37 MAX crash two years ago. Investors will soon decide whether the company has done enough shareholders ahead of Boeing's April 20th annual meeting are weighing whether to re elect the company slate of 10 board members. Or follow a proxy advisory firms recommendation to vote against two long time directors. The vote comes is bowing tries to restore confidence in the 7 37 Maxwell navigating the slowdown in air travel. That's your money now. Jennifer, could Shaka come? Oh news numbers on Wall Street this morning, The Dow has been down for the entire session. So far, it's off about 119 points, or about one third of a percent. But the NASDAQ's up about a half a percent and the S and P s just up about four points. Come on, Whose time 8 51 and coming up. Why are young people getting hit so hard by the UK variant of the Corona virus? I'm her wife's mom and I'll explain me. Me, me, me, me, me, but also you the payroll fast forwards his favorite porn film, but the powdered doughnut. Okay,.
State order targets Boeing Everett plant's polluted history
"Is under state orders to clean up a creek long contaminated by waste from the company's Everett plant, The Daily Herald reports Powder Mill Creek Was tainted by T. C E D greasing solvent known to cause cancer in humans, the report says. Under a state mandated plan, Boeing will spend decades and millions of dollars cleaning up that creek.
Fresh "Boeing" from Morning News with Manda Factor and Gregg Hersholt
"Store while supplies last commonly us. Homeowners have 7 54 Kierra. Jordan joins us again from the Dubin Law Group Traffic Center. We've been working with the crushing Canyon Park on South found four or five approaching state route 5 to 7. That's been blocking the toll lane. This has you completely backed up to I five now starting to affect South and I five is your approaching that four or five split south on I five has been slow and go starting just north of the Boeing Freeway, 228. Is he again as you're approaching that for if I split and continuing to stay slow most of the way through Mountlake Terrace as I'm looking around Snohomish County Monster Seeing West found two of four really backed up very heavily for about a mile and a half. As you're approaching the trestle North and by five it's been slow going as you're approaching J. Blm's main gate. We're busy through Tacoma City Center. Then we had a crash that was blocking two left lanes near to 72nd. It looks like that's been moved out of your way. But That's what's causing the two mile back up there in Seattle, north five is slow from mid Boeing field to the convention center North and 167, often on selling from highway for 10 into alguna again between highway 18 and two 77th plus more delays that start south of 188 to 4 or five north and four or five. You're going to be really crowded through the rented area than lighter slowing into Newcastle, plus some additional company around I 90 Our next Cuomo traffic cop 804 on a look at the weather. Another beautiful day. The sun shine continues through the rest of the week. Little bit breezy For today. High about 60 will gradually warm up 65 in the sunshine for tomorrow into the low.
Airlines Pull Boeing Max Jets to Inspect Electrical Systems
"Airlines have pulled Boeing MAX jets to inspect electrical systems. Domestic airlines, including Southwest have grounded their fleets of Boeing 7 37 Max jetliners after Boeing reported a possible electrical problem. 16 airlines were involved with Southwest has over 700 Boeing jets and its fleet. The grounding is the latest setback for the max
Fresh update on "boeing" discussed on Morning News with Manda Factor and Gregg Hersholt
"Potential power system issue that's grounded Dozens of Boeing 7 37 Max jets is viewed by Moody's as a minor disturbance that won't affect its ratings. Some of the affected Max. Customers say they're still awaiting more information from Boeing on inspecting aircraft. Boeing has been hanging onto its investment grade status, and Moody's view is important. Given the billions of dollars in debt and revolving facilities tied to the ratings. Any slip could materially add to its financing costs. Hollywood's theatrical business, maybe slowly rebounding. But for some, the last year has been catastrophic. Pacific theaters, which operates some 300 screens in California, including the beloved ArcLight theaters, and the historic Cinerama Dome in Hollywood, will not be reopening. Pacific Theater says it's not the outcome anyone wanted, but it doesn't have a viable way forward. That's your money now. Jennifer Cash Inca Comeau News Checking Wall Street The Dow is down about 148 points right now, at 5 33,097 s and P 500 up for the nest that case up 104. We'll check traffic and weather for you. Coming up next Cuomo news time, 7 50 to the sweet aromas of the apple fritters,.
Amazon Workers In Alabama Vote Not to Form a Union
"Forming a union and foreign, dashing the hopes of organized labor for a ground swell of support. The retail wholesale in department store union filed an objection with the National Labor Relations Board, saying Amazon interfered with the vote by spreading disinformation. Amazon is one of the few American employers to add jobs during the pandemic. It has fought off every unionization attempt in its 26 year history. That's a B C's Aaron Carter. Risky Airlines have grounded dozens of Boeing 7 37 Max jets again
Chicago-based Boeing gets grounded on electrical issues with its 737 Max
"Transportation Secretary Pete Buddha Church, Reacting at White House today to the grounding of more than 67 37 Max series commercial airliners by three of the largest U. S airlines. We need to make sure that they are there's full confidence. Before these specific aircraft return to the air, and that's what the FAA will be closely monitored. United, American and Southwest Airlines grounded the planes after the maker Chicago based Boeing told operators to look at a new possible electrical issue before flight. Air travelers may want to check their reservations for changes or cancelations,
Airlines pull Boeing Max jets to inspect electrical systems
"Airlines are again pulling dozens of Boeing seven thirty seven Max jets out of service this time to inspect for possible electrical problem Boeing says its informed sixteen customers they need to stop flying the jets until they check an electrical issue in certain seven thirty seven Max aircraft Boeing says this issue a possible problem with grounding in an electrical power system was discovered in a plane that was still on the production line and it's unrelated to the automated flight control system that was linked to two deadly crashes that cause the MAX jets to be grounded in twenty nineteen southwest American United and Alaska Airlines all say they've pulled the planes from service and we'll try to keep normal flight schedules using other aircraft I'm Jackie Quinn
Alaska, American, Southwest, United Airlines pull Chicago-based Boeing Max jets
"No problem with some of Boeing 7 37 Max airplanes is prompting several carriers to pull dozens of the Jets out of service. NPR's David Schaper reports. Boeing says it's electrical problem yet today says Boeing notified the regulatory agency about the electrical problem late Thursday that it could affect the operation of a backup power unit. Alaska American Southwestern United are among the airlines pulling close to 70 of their 7 37 max planes temporarily out of service to address the problem. It appears to be related to a change in the production process and effects only some recently manufactured 7 37 Max jets. The problem is not related to the M cast flight control system. Which is blamed in part for causing to 7 37 Max crashes in Indonesia and Ethiopia that killed 346 people.
Airlines pull Boeing Max jets to inspect electrical systems
"Boeing 7 37 Max Airplanes is prompting several carriers to pull dozens of the Jets out of service. NPR's David Schaper reports. Boeing says it's electrical problem yet they A says Boeing notified the regulatory agency about the electrical problem late Thursday that it could affect the operation of a backup power unit. Alaska American Southwestern United are among the airlines pulling close to 70 of their 7 37 max planes temporarily out of service to address the problem. It appears to be related to a change in the production process and effects only some recently manufactured 7 37 Max jets. The problem is not related to the M cast flight control system. Which is blamed in part for causing to 7 37 Max crashes in Indonesia and Ethiopia that killed 346 people. David Schaper.
Boeing Warns of Potential Issue With 737 MAX Jet
"Airlines air pulling dozens of Boeing 7 37 max planes out of service again, this time to inspect them for a possible electrical problem. Boeing says it is informed 16 of its customers that they should address a possible electrical issue in certain 7 37 Max aircraft before using them further Boeing's of Friday that the recommendation was made to allow for verification. It is sufficient ground path exists for a component of the electrical power system. It did not specify how many aircraft could be potentially impacted by its
Airlines Pull Boeing Max Jets to Inspect Electrical Systems
"Dozens of 7 37 Max jets in the U. S air being grounded again after Boeing reveal they could have an electrical problem. The maker of the max planes says it's informed 16 customers, including airlines, such a Southwest America, United and Alaska. Transportation Secretary People to Judge Address the latest development at the White House briefing today. We need to make sure that they are. There's full confidence before these specific aircraft returned to the air, and that's what the FAA will be closely monitoring Max Chance worldwide were previously granted for 20 months after two deadly crashes blamed in part on computer software
Boeing grounds some 737 Max aircraft over electrical issue
"Troubles for Boeing. The 7 37 Max has another potential issue leading to some planes being grounded here in the U. S. United, American, Southwest and Alaska Airlines are now parking their Boeing 7 37 max aircraft so they could be inspected for a possible electrical grounding issue. We have fixes her needed Boeing indicates they could be done quickly. This is totally unrelated to the previous automation system issue linked to two deadly crashes and had the plane's grounded for close to two years. He sees Alex Stone,
Boeing Is Sharpest Dow Decliner Amid News Of 737 Max Electrical Issue
"Now the Propel INSURANCE Money Update. Southwest Airlines is pulling some Boeing 7 37 Max jets from its schedule after a production issue. Boeing notified operators of the plane today to fix a problem on issue of possible issue related to an electrical power system on bowling asked 16 operators to check and verify a sufficient ground path and whether it exists for a component of the electrical power system. Is playing just returned to
New Airline, Avelo, Thinks It's the Perfect Time to Start Flying
"This doesn't happen every day, especially during a pandemic when airlines have been hit so hard, But there are a new mainline airline that's launching this week. It may seem like odd timing, with all of the huge losses airlines have been dealing with during the pandemic. But the founders of Avello airline say it's a perfect time or people are feeling comfortable traveling again. Based out of Burbank, California Velo will be using Boeing 7 37 8 hundreds with 11 rounds, two smaller airports and outdoor recreation destinations like Grand Junction. Colorado and Eugene, Oregon. The company's founders have backgrounds and bigger airlines and say they're ready to go. So we think that we could offer choice tickets are on sale today. The airline begins flying at the end of the
Avelo Airlines planning April debut
"This doesn't happen every day, especially during a pandemic. A new airline is launching as air travel rebounds A. B C's Alex Stone with the details. It may seem like odd timing, with all of the huge losses airlines have been dealing with during the pandemic. But the founders of Avello airline say it's a perfect time or people are feeling comfortable traveling again. Based out of Burbank, California Velo will be using Boeing 7 37 8 hundreds with 11 rounds, two smaller airports and outdoor recreation desk. Nations like Grand Junction, Colorado, and Eugene, Oregon. The company's founders have backgrounds and bigger airlines and say they're ready to go. So we think that we could offer choice tickets are on sale. Today, The airline begins flying at the end of the
Boeing puts up for sale its Commercial Airplanes headquarters campus outside Seattle
"Estate footprint. The company says its commercial airplanes headquarters in Renton Is up for sale more from Cuomo's Corwin Hate in Boeing's heyday as a local company, the old Long acres campus was the nerve center of its power and influence. Now, The Seattle Times reports, the 215 acre campus is officially on the market. The potential sale comes as no surprise, Boeing said six months ago it might sell the property and many other local sites in what President Greg Smith described As a thorough review of the company's real estate holdings were reviewing every piece of real estate. Every building every lease every warehouse every sight to look at how we can be more efficient, Smith said last October, the pandemic has helped Boeing understand it is possible for local executives to work remotely. Still, the potential sale is sure to reignite questions about whether Boeing plans to further shrink its presence in the Puget Sound area. Corwin Hague Co. Moh news. It's 704.
Cockpit Recorder Unit From Indonesia Plane Crash Is Finally Recovered
"Have recovered the cockpit voice recorder of a plane that crashed in January, killing all 62 people on board. The Boeing 737 flights operated by three which I a air came down within minutes of takeoff.
Southwest Airlines Expands 737 Max Fleet, Orders 100 New Jets From Boeing
"Has ordered 100 Boeing 7 37 man explains. Don Smith has more. Southwest Airlines says it's expanding its all bowling fleet with an order for 107 37 Max Airplane. The Max was grounded worldwide in March of 2019 after two crashes that killed 346 people. Regulators in the U. S. Europe, Canada, Brazil and other countries have played the plane to resume flying after Boeing changed automated flight control system. Played a role in the crash is
Dallas-based Southwest Airlines Orders 100 Boeing 737 Max Jets
"Shares of boeing. Feeling the love today. A southwest airlines places an order for one hundred seven thirty seven. Max jets good news for boeing of seems tim great news. And this is the story as airlines. Go on reopening the plane purchases and you know we saw this from united we see this from south west It's not only the near term orders but then the options on orders out from two thousand and twenty two to twenty nine I think there'll be others to follow again. There's a lot of inventory that needs to be replaced at some point. I think you stay long bone. Karen what do you think i mean. This is sort of at the cross. Section of a turnaround play as well as reopening play. Right turnaround play reopening play with the prices already reflecting a lot of optimism. I mean i've thought the same thing about the airline trade that a lot of great things already priced in. And so for me. I don't own. Boeing certainly wouldn't shorted but i i feel like a lot of already priced in. They need to be selling planes for the stock to stay here.
Dallas Based Southwest Airlines Orders 100 New Jets
"Landed. A major deal for. It's seven thirty. Seven max. jetliner southwest added one hundred orders of the plane. npr's russell lewis reports it's boeing's largest orders since the worldwide grounding following two fatal crashes of the plane southwest airlines only flies the boeing seven thirty-seven model and has done so for the past fifty years. It needs to replace hundreds of older variants of the jet and was planning to use the larger and more fuel-efficient max after the max crashes and indonesia and ethiopia. The plane was grounded for almost two years sending bowing into its biggest crisis. Ever this southwest deal was not a guarantee. Airbus's max competitor. The eight to twenty had been in the running. Southwest is one of the largest. Global operators of boeing aircraft and in announcing the order southwest says this reinforces the airline's confidence in the seven thirty-seven. Max as the future of its fleet russell
"boeing" Discussed on The Science Show
"Problem. Millions and millions and thousands of flights are going in and everybody got to destinations no issues. That may I. say the cost in fuel because here we are. The fuel is becoming more and more expensive. The climate change problems more more obvious. And there are experiments being done looking at Electric Planes Ryan, and even Sola driven plans which have flown. Yeah, and I think that's another great point that we'll see in the future of Boeing has been working on this for decades, and we've really been a leader in addressing those issues you think back to to nineteen seventy th first day, and really this the start the consciousness of taking care of mother Earth since that time Boeing has been working on building our planes that are green, starting with the some five seven and the seven six seven with the high bypass engines, and being designed for efficiency for saving fuel, and we've continued that recently. We've were doing a lot of. Of pioneering work with new fuels, biofuels, and you've seen a lot of airlines testing those out, but we've done allowed that work we have a program called the ECO demonstrator. We take a one of our commercial airplanes and put all sorts of experiments in it that will help find new ways to make airplanes even more efficient, even more green, but I think. If you really look at it, you'll see that this is one industry. It's far ahead of any other in really taking on that challenge to make our products green. How many staff people in Seattle have you got working for Boeing? Let's see here in Seattle. What do we have about forty forty thousand people I believe. Counted recently. I lost count the other day. Seattle is the home for our commercial airplane organization, and it's historically the home for the Boeing Company we also have a considerable amount of people spread across the country, working in our defense and space sites in Saint Louis, and down the southeast of the country hunts signs the other day doing experiment right well, and this is one of the really fascinating areas that we're working on our legacy of Boeing you know. Know we're in the midst of the fiftieth anniversary of Apollo and we look back at Apollo, the Boeing and the companies that have joined us. Our heritage companies McDonnell Douglas. North American. That was the team that went to the moon. We all team together back in nineteen sixties built that Saturn Apollo spacecraft, and since then every spacecraft that's carried NASA astronauts, every US built spacecraft except for the Lunar Lander landed on. On the moon everything from the x fifteen to the International Space Station and the space shuttle are all part of Boeing heritage, so we really have the only legacy of that, and so we're continuing now with the star liner and opening up this whole new era for humanity of of space travel just the same way. The airlines started like say hundred years ago while we're seeing that again today with opening travel. Travel to orbit and I think you're going to see in the future. That's going to grow rather quickly. When do you think we will have an electric plane? We're working on that now and I think there was some news just the other day and we have a partnership with the team new. Zealand and aircraft called the Kora which is an vitale. One of these air taxi personal vehicle, so he tested that. So this is something that it's coming fast or not. It's coming fair and because there's a silent aircraft being worked on in Cambridge for. Twenty three years. Which you wait and you wait wait. Yeah, well. There's a lot of challenges to making electronic vehicles and I. Think Boeing did a hydrogen fuel cell. Test Airplane. Fifteen years ago when The technology's been there, but being able to scale up I. Think is the issue now. You're talking to his story about current technology. You might not get the best words on all that, but the general trends are with electron electric solar power. Those sorts of things that have been studied for a long time. The efficiencies getting better and I think at some point in the future you will see that's that's the direction. It's going, but I think you'll see it. I didn't some of these urban mobility personal vehicles the taxes that we see so many different companies working on now..
"boeing" Discussed on Aviation Week's Check 6 Podcast
"Made the same decision on the going back to the drawing board so think really at this point. It's the big question question is okay. We'll watch the new revision going to be like. Is it going to return to its roots and become more of a you know go back to the original seven five seven. I haven't replacement so to say and take on Abbas says three twenty one acceler which will be he coming to the market and twenty twenty five I'm sorry twenty twenty four Or is it going to be the step beyond and is it going to really be eh. Perhaps a new family that will really take over the seven. Thirty seven the Max Sector top-end and the seven. I'm five which was kind of like part of the original some of the original designs so in other words They're going to leave that upper end. Perhaps to the seven eighths sector and make this move the whole bracket damn slightly so that didn't come possesses everything from say one hundred and fifty one hundred sixty seats up to around two hundred and two thousand nine hundred thirty two hundred thirty sort of thing so all of these questions are unknown. We we simply do not know really whether new direction is going to go but It sounds like neither does Boeing at this stage The the other thing of course is what this means for Laura You know the future smaller airplane which was in fact in the discreet target for the the Max replacements. So maybe we're going to see these things sort of both a little bit because if you look at the timescale for when buying would have actually begun to look at went to replace place the Max well it turns out to be about kind of now. I mean the new studies would have been going on for some time and next next year and the year after is the time when things would get pretty serious because it takes about seven to eight years and they're looking at production through the late twenties with the current backlog. Okay so you know as time has crept up on the program and as the groundings happened. It's delayed the whole process anyway so now might be logical time to reevaluate this anyway guy. It's pretty widely understood. That point makes another moment. It's gotTa make a step change in terms terms of of efficiency and cost an engine technology repulsion technology which you cover all the time is so key to that. How far off are we from that? Propulsion Technology Being ready to help Boeing make a a a a game changer. Absolutely Joe You make a good point. The the propulsion as we all know is the long pole in the tent and all of these programs and there's two aspects to it really one is the engine makers have been busy supporting the NFL. A studies With a fifty thousand pound thrust new high bypass ratio to the Fan And that's where all the efforts have been committed to and at the same time if if they gonNA be asked to pivot towards awards and perhaps in a slightly further off generation Smaller engine perhaps. Then that's going to take some time as well And from technology aspect the good news is that maybe this will allow the technology readiness level for some time for some aspects of of what would inevitably be Augusta blind at this stage Will move on to allow perhaps In a more more of the technologies that going to bring down fuel burn into this next wave. It's only a couple of years to the right but it could be enough. Some mature in a maturity to be brought into the technologies that currently underway For example in You know higher temperature capable materials Smaller because advanced aerodynamics in the compressor and perhaps even some slightly more exotic concepts including Shorts in cell and new new fans sort of AMEX. which can cope with that and to be honest? It gives M- much but a chance for Pratt. Whitney I think in this case to come up with Plausible in a sort of derivatives of the kids the fan which could him embrace more electric involvement and Also might even give Rolls Royce another chance to to come back in because you remember did in February lusty to basically abandoned its animator because it simply could meet the timeline guy. Let's actually talk about some good news. He's had a bowling The triple seven ex made its first flight. Yes absolutely a nice br- bright moment at the moment for the company which It's sort of this really sort of was sort of flexing. Its wings again in a way. A moment Well literally because of course does the triple seven acts incorporates. This unique wing wing tip folding mechanism. a great moment for the company they completed the first to the the first version of the triple seven next family. The Dash Nine on a journey the twenty fifth after a couple of terrible taste of weather which I personally witnessed And they got the aircraft into the air For almost four flights and it seems seems to have gotten very well in fact They're already by the time. This is broadcast live probably flown a few more times. I've already flown. Ah once once again And if they're scheduled for another flight another envelope expansion flights By the by the end of this month Today in fact we were recording this on the thirtieth so Yeah they're making the almost like there is sort of held back in the day searching out with this new program sort of pent up energy of course just to remind people. It's the really the next Generation Lodge long-range flagship program. I'm for the company that succeeds the triple seven three hundred. Probably one of those successful wide-bodied. Ah Twin jets in the history of the industry They've hoping to see. This is the start of suitable next generation success to that and it incorporates the General Electric Jeanine ex which is By far the biggest most powerful engine although only rated only at about one hundred and five thousand pounds thrust for the for the triple seven nine it has shown it's capable of one hundred thirty four thousand pounds a Guinness World Record which means that there's plenty of growth available should should it need it. And the last thing I should mention is that As I briefly mentioned it does have this unique span changing folding wingtips action which brings in the out twenty full will face of the overall span of two hundred thirty five feet so that it can go into I co- cody stunned. Taxiways anyways gates and rams which is which will make it Coleman with seven four seven four hundred And the triple seven three hundred eighty. Oh which of course will will be there eventually. Prime replacement targets with the axe. Can maybe it can land on an aircraft carrier to right guy just like well. I'm not so sure but I'm just a stretch too far literally you. Hey Guy. We're starting to run short on time. But I did when you talk about the wide-body market there really are some troubling signs for Boeing and Airbus wide-body demand and I think Michael there was some news on the earnings also on on seven. Eight seven possible rate reductions. Right yes so Boeing confirmed yesterday formerly that they will drop seven seven eight seven monthly production down to ten starting in early twenty twenty one this had been leaked out and the market had started getting prepared for the news in recent months and not surprising with the considerable kitchen sinking of day. Luge of bad information yesterday that they included this as well. So what that means is the seven eight. Seven is essentially dropping. Basically from fourteen down to ten and Dave Calhoun was not shy about saying China is an issue and has been a real impediment to try to get sales there. He was cautiously optimistic. About the new trade deal that president trump has signed with his counterpart in Beijing and The thing there is that while there has been no announcement. Four aircraft purchases by the Chinese out of this trade deal. The thought is that at this kind of lists the clouds and maybe in the coming months the rhetoric gets toned down a little bit and the Chinese are able to publicly come out and start hurt ordering things again. In fact Dave. Calhoun said that there was no reason. That aircraft orders would have to wait to a larger face to deal. They could go ahead and take place under this one. So a bit of a pall cast in regards to the rate cut but there is perhaps optimism looking ahead. There are a couple of other things. I want to note out of the earnings yesterday before we go that I think are worth mentioning totally separate from all of this commercial aircraft ABC News is the fact that Boeing also took a charge of four hundred ten million dollars based on the commercial crew program in preparation for what could be another commercial crew launch a for that NASA program because if people remember not too long ago they did emission where they tried to get their star liner up to the space station. And that didn't quite happen. The rest of the mission went well. The capsule landed in the desert as it it was supposed to but it never got to the space station. That of course was a requirement in the NASA contracts so Boeing's trying to prepare for the possibility that it's got to do one more mission although says yet to make that decision the final interesting thing that came out of yesterday buried in the footnotes of the earnings release was a little item. Them that Boeing is shutting. Down the Avio brand in within Boeing global services. And that that really doesn't mean very much in regards to how it operates rates in the business but there are a lot of people out there who know and love the Abbey all brandon. So get ready to say goodbye. There's a lot to digest. And all this I I should know to be fair. There was news out Airbus this week to that Airbus has agreed to pay roughly four billion dollars to to settle bribery charges. This four billion dollars is about what Boeing's paying too by Embraer so that's a staggering amount of money to settle to settle embarked bribery scandal. So on that note. That's a wrap for this week's check. Six podcast now available for download on itunes. Join US again next week for another check six..
"boeing" Discussed on Business Wars
"It's spring twenty eleven. An American American Airlines is shopping for jets and this is no ordinary shopping list. Now this will be the biggest order for commercial jets get history a twenty the three billion dollar purchase update Americans aging narrow body fleet and now American. CEO Gerard Arpey is close to a decision arpey sits in his office in Fort Worth Texas nudging. His wire frames spectacles up his nose. He picks up the phone and calls Boeing CEO. James James mcnerney James Gerard American. I've got news a smile creeps. Across mcnerney face Boeing and Airbus have been battling for months to win this deal. Airbus trying to win over American with its latest creation. The a three twenty neo but Boeing's not worried the three three twenty neo is little more than an eighth three twenty with more modern fuel-efficient engines partly a match for the brand new single jet Boeing's offering to make besides nights Boeing an American or tight. American only owns Boeing jets. Switching to Airbus will require the airline to surrender the big discounts it gets from its sole supplier. Deal with Boeing mcnerney. Eases back in his chair with sweet anticipation good news. I hope our be pauses briefly. No I'm sorry it's not good news for you. mcnerney springs forward in his chair. You're buying Airbus yes. I've agreed to buy two one hundred sixty three twenty three twenty. Nieto's I don't WanNa wait a decade for a new Boeing rb. Let's the shock sink in before continuing his explanation. The Nation with the Eighth HR twenty neo. I get the new fuel efficient airplanes in service by late two thousand fifteen but I haven't yet decided on who will get the remaining two hundred planes so you got a chance to counter but James if you want some of this action your offer has to be way more competitive okay. Gerard Message. Received loud and clear Boeing scrambled into action. It shelves plans for a new jet. Xerox's Airbus's a three twenty neo strategy by proposing the seven three seven Max a revamped seven thirty seven of quipped with the latest engines. Boeing also promises that current seven three seven pilots will only need a few hours of computer based training to fly the Max rather than expensive simulator training. The offer saves the day in July. Twenty Eleven American gives Boeing the rest of its order and that victory comes not a moment too soon. Airbus already has hundreds of orders for the three twenty neo threatening the seven. Three seven status is the world's best-selling plane Boeing reckons the Max can catch up with the three twenty neo. But to succeed Boeing must deliver on the promise of minimal pilot training. You and that means Boeing must fit bigger more fuel-efficient modern engines on the seven thirty Sevens forty-five-year-old airframe without altering how it flies. But this marriage of old airframe and new engines leaves Boeing with an engineering conundrum a challenge. It must solve in record time and this race best Airbus will cause bowing to make some bad calls that will end in tragedy from wondering. I'm David Brown and this this is business.
"boeing" Discussed on The Daily
"What is Boeing say about this idea That there is a conflict between the safety that they proclaim and the on the ground pressures that you're describing from employees to get these planes out the door Boeing pushes back on the idea that there is a cultural problem. They reject that notion altogether in response. To our our reporting Boeing insisted that safety is number one priority and said we prioritize safety and quality over speed but but all three can be accomplished while still producing one of the safest airplanes flying today and to be clear the seventy seven dreamliner has never crashed. It has has a pristine safety record. And there's no evidence that any of the problems that we document has led to major safety incidents but since the crashes of those two seven thirty seven Max jets. The question that is being raised by lawmakers is by regulators and by employees within Boeing is whether those three factors safety quality and speed the are always in balance or whether sometimes the competitive pressures that exist at the highest levels of this company are bearing down not just on the engineers as they design. How this aircraft is going to work? But also on the factory floor on the people who are responsible for assembling and manufacturing these aircraft does the push to produce sometimes lead senior level managers to overlook or ignore or sometimes dismiss. The concerns turns raised by the people who are making these planes. I just think it's critically important. that the activities he's going on with him Boeing or made aware to the people whose lives could be affected. You know I mean look at the seven three seven. Max I mean those those lives and those families and you know is a quality manager at Boeing. You're the last ask Line of defense before a defect makes it out to the flying public so as a quality manager being the last line of Defense. That's that's a huge responsibility. You know everything put my name on. I'm certifying that it meets their requirements. The regulatory requirements is a safe air worthy condition. And I haven't seen a plane out of Charleston yet that I put my name on saying it's safe and airworthy..
"boeing" Discussed on The Daily
"Ladies and gentlemen your seven eight seven dreamliner so it started the seven hundred. Eighty seven dreamliner. Another of Boeing's crown jewels. This is the first commercial airplane to be made with fifty fifty percent composite materials. It was unveiled in two thousand seven and it was Boeing's most important offering in a generation and it it looks cool. I remember reading about this point. This giant windows. The kind of unusually big knows it was gonna be the next big thing in. Oh Yeah Oh. That was the news of the month. You know a new airplane technology you know. State of the art are in for a while it was that was future absolutely. That's why it's dreamliner because it's our future you know fully composite you know carbon fiber eber. Reinforce it was a big deal. The fortunes of the Boeing company are flying on the wings or the dreamliner. So any word of a delay is not going to be be well received on Wall Street but pretty quickly. The seventy seven program begins to run into problems. So it is delaying Elaine. This and Boeing saying in fact. It's not going to know even for the next few weeks when it is going to reschedule now. The company is dealing with two news. Seven eighty seven incidents in the past two day. Hey yet another delay for Boeing seven eighty seven dreamliner the US planemaker push back the schedule for the fourth time. To the point where Boeing begins to get a bit concerned about. Whether it's going to meet the deadlines it set for the program elsewhere. A confident Boeing is going to build a second plan to make it seven hundred. Eighty seven dreamliner wander. They've so Boeing decides. It's going to open a brand new factory. And how big a deal is that for going. This is a huge deal. For Boeing owing Boeing has been making its commercial aircraft in two factories in Washington. This would be a foray into a new state a new assembly line. And you're talking a manufacturing hub that needs to be state of the art that can manufacturer one of the most advanced aircraft in the world a major investment both in real estate and jobs..
"boeing" Discussed on Marketplace with Kai Ryssdal
"In Los Sandal. Rozelle Tuesday today. I do believe the seventeenth of December. Good as always to have you long everybody. Look I know there are days when we start with this corporate story or that and you probably say come on Kyw. It's one lousy company. How much of a difference can it really make the American economy's at nineteen trillion dollar beast? Right well yes right. But we bring you now the Boeing Company. Which yesterday as you know announced it's GonNa stop making for a while anyway? It's fatally flawed. Seven thirty seven. Max a problem. Yes for the company for its suppliers to about which more in a minute but also quite possibly a a problem for that nineteen trillion dollar beast the American economy because as marketplace's Justin reports GDP growth could hit some Boeing induced turbulence before bowing announces production. Halt it's growing stockpile of undelivered. Seven thirty seven Max. Planes had been boosting. GDP says Tim Quinlan senior economist at wells is Fargo and so when they just simply stopped making them well. That inventory boost goes away so without that boost growth is now lower in the first quarter Quinlan Quinlan estimates that the production hauled could lower overall. GDP growth by half a percent. That's a small fraction of the overall. US economy but Luke Tilly chief economist at Wilmington Entrust says it's hard to imagine any other company. Having such an impact on growth bowing is incredibly large. Obviously it has a lot of employees and the scale tale of the cutback here would be in the billions of dollars. Boeing says the production homeless temporary in that it doesn't plan on laying off or furloughing the thousands of workers working on the seven seven thirty seven. Max Assembly Lines Tom. Dairy CEO of the Institute for Supply Management Says. Those workers have valuable skills. Boeing doesn't WANNA lose a competitive job market it. Hanging onto the skilled workforce they have was a key. Strategic imperative for Boeing but if Boeing's production halts rags on Tim Quinlan Wells Fargo says furloughs and layoffs will be harder to avoid that would immediately impact paychecks but eventually it starts to pass through to the various suppliers for that factory and knock on the facts into other industries. That service those workers he says workers end up getting furloughed laid off. Everyone from parts manufacturers to the sandwich shop across the street would be contributing interpreting less than GDP in New York. I'm destined for marketplace so along those lines part of the reason Boeing's decision to suspend production of the seven thirty seven. Max is going to resonate through a very big chunk of this economy is that its supply chain reaches through a very big chunk of this economy marketplace. Jack Stewart is on that one the seven thirty eighty. Seven Max might be a Boeing plane but the thirty five thousand parts that go into it. Come from an estimated. Six hundred firms Boeing suppliers. A modern aircraft craft is not produced by a single company. Modern aircraft is really a global undertaking the engines for example a built by CFM International. That's a joint venture between General Electric and the French company and each of them has its own hundreds of suppliers Samuel Angle covers aviation at global consultancy. I C the F.. The fuselage may be built by spirit in the US. The vertical pillars may be built in Japan or in China the landing gear somewhere else. Spirit era systems gets eighty percent of its revenue from Boeing. As well as the fuse logic builds parts for wings and engines. I contacted spirits and a handful of other suppliers large and small As well as that trade groups but none wanted to talk. Sean Preach Nikki at Ohio State. University's Center for Aviation Studies says suppliers a busy figuring out how to slow slow or stop their own production. There are significant hurdles to overcome. When you stop a production line in then you try to restart it later like inventory entry? Where did you store the parts you can't use? How'd you redeploy workers and in a worst-case scenario? How'd you even keep them? On the payroll and Boeing needs. Everyone ready ready to restart. Production says Kevin Michael's aerodynamic advisory if there is a small supply or in Kansas that maybe makes a few parts for the aircraft that that is in financial distress that can limit Boeing's ability to ramp up in a statement Boeing says it'll work with supplies to minimize disruption in an effort to keep its. It's global supply chain intact on Jack Stewart for marketplace. Here's another company grounding some of its planes nothing mechanical those strictly financial delivery giant Fedex Fedex reported abysmal quarterly profits after the bell today down almost forty percent. Four zero percent global trade rose higher costs and a falling out Amazon Are The proximate causes. Share prices tumbled after hours modest gains though on the major indices during the regular session. We'll have the details when we do the numbers.
"boeing" Discussed on Houston We Have a Podcast
"Sites yet. I have <hes>. I mentioned their recovery retesting that we've done. We did that out at white. Sands <hes> the that's where i met you. Oh is that okay. I remember it was very hot are probably dirty and wearing dingy or close and we are now so <hes> but yeah so i i was part of the white sands recovery team <hes> during that is a bit test <hes> and i know parts of the team have been out some of our other sites to to do site certifications to make sure they're ready for landings. So what did you you think of the whites it for me. It was almost like we're walking on the moon but really hot yeah it. It's it's so cool. How different different parts of our country tree is and to to be able to leverage that sort of environment just flat and hard as far as i can see <hes>. It's it's really cool that we have that right here and we can. We can utilize that and that was so we were on. One of the old shuttle. Runway is which is so cool to see just the vast expanse <hes> and for our landing since it's not space plane. We don't need to have a runway to land <hes> we. It's really a basically a four kilometer target if you will <hes> and so you're we the way okay we've chosen. Our landing sites is to make sure that there's a four kilometer target <hes> of not much there <hes> no dangers around so we're not posing hosing hazard to nearby cities or anything like that or other operation exactly <hes> so so really it's. It's just cool cool to be there and that was one of the first times where i really felt this is happening this. This is a really real. <hes> i know are the capsule that we were working with was basically a bouncy house <hes> so that was the only thing that didn't feel real but everything out to everybody was so serious so committed <hes> so you're so sure that we this is how we need to ensure verify validate everything that we're doing is is here when we get an opportunity me to come to an umbrella landing sites with the whole team <hes> and see how it will work on the real day all right well so all this testing's coming up. What's what's kind of the big stuff coming up for star line. I know there's some test flights coming up and then you'll be operational. What's what's the really big stuff on the agenda coming up. We'll be launching an crude a test vehicle as a selena's mentioned testing all the autonomous systems tournaments rendezvous and docking <hes> with our mission control centers and all all of our engineers <hes> the final immigration without was five rocket and then after that <hes> once we get into all the flight checks and all the flight readiness reviews out of of that crude test flight crew task flight and we'll get all those checks down the line that data is king <hes> that'll verify the safety of our vehicle <hes> from our design and or verifications on the ground and that will get us ready for first flight with crude astronauts with boeing astronaut chris ferguson and are to nasa crew members and what that does is <hes> ensures our safety of our crew. Which is our number one priority. It's kind of like a big dress rehearsal. Almost i and we'll say but both of those flights o. f. t. r. orbital flight tests and c._f. To your crew flight tests <hes> both of those are still part of our validation efforts so we they will not p._c._m. One is our first certified operational mission <hes> so until that flight were were still in the test phase which is really kind of cool to be operationally testing <hes>. It's it's such an exciting time to be on the program looking for next year to those two fights lights <hes> and and shortly thereafter and then once so p._m. Stand for cert yeah sorry so many avenues tired after cert yeah so that's that's when you're just you're just fly in crew members to the station for regular mission yeah so at that point we're really nastase are customer pain customer <hes> and we'll will be fine nasa astronauts to and from the international space station so before then our tnc a._f._c..
"boeing" Discussed on NASACast Audio
"All right. I have tony and selena from boeing with me today. Thank you guys so much for taking a little bit of your day to join me today this is this is an exciting time. We got a new spacecraft coming right. Oh absolutely it's the best time to work in aerospace. We're happy to be here. We're trading restaurants. Today excited to be here. Today are very excited to make time for this all right so we're here to talk about. The star liner c. s. t. one hundred star liners so first off paint me a word picture. What is this thing. Look look like if you needed to describe this to. Somebody like this is what you're going to see. How would you do that. We're building a spaceship..
"boeing" Discussed on Houston We Have a Podcast
"Have a v eight which we don't plan to utilize for a nominal nasa missions that v c will be swapped out to be able to carry a little more cargo with the cargo argo palate <hes> but tony absolutely right we could if we <hes> if we ever had the desire or another customer <hes> take five crewmembers out time exactly exactly so as you walk in. You'll see this white <hes> white walls if you will and the cargo on the left and right of you and he side and <hes> when you think about where we put the switches which is in dials. It's all about sitting in the pilot's seat and imagining yourself <hes> the amount of time. You need to go reach dow. Pretend that you're in your car. Your lexus audi you got to move the the the the seat nor to reach a certain button or dial we did that with the seat <hes> and the region visibility of where the switches are so the most important ones cautioned warning panels things of that sort are very close to your to where you're <hes> line of sight and then something like the temperature of your cabin is off to the left and so where we put the switches and where we put the dials really <hes> focused on the crew member for those safety scenarios in case of the autonomy takeover of the human <hes> but again less a number of switches the consuls in front of seat one and two on that top row seat three four and five. You have a lot more <hes> if you say looking around room if you will in our space craft. It's it's ah just real quick. It's kinda crazy. You don't always think about the level of detail that goes into to design for these kind of things but even something as simple as that like which makes perfect sense when you hear it yeah the switches are the indicators that there's an emergency should be really close to right up front and the less important stuff off to the side and i almost feel i like to that level of detail gone into everything when you're designing especially for what tony is talking about right now with the displays in the console and where things are laid out <hes> it all comes down to good systems integration and human factors engineering so i'm giving my plug for that because i'm a human factors engineering <hes> but it it really is besides designing the systems and really strong solid robust systems. You need to make sure that they're designed for the end user and our end users as an astronaut and we need to take into account all the other crew accommodations that go into the equation the suits and the restraints that my <hes> prevent rent them from reaching something while they're strapped in hiji <hes> phase of flight or when when they're on orbit <hes> how do we have the accommodations to set up and let them have a little extra room to move around so we there are some really creative engineering solutions. We've come up with on our program so our seats are <hes> sort of reconfigured for the different sizes of crew members..
"boeing" Discussed on Houston We Have a Podcast
"Official crew program designed to enable the capability of launching people into space by private businesses today. We're going to highlight one of those vehicles. The boeing star liner in the studio. We brought in tony cassia and selena dope part. Tony and selena are engineers with boeing responsible for getting the spacecraft as craft and the crew ready for these first missions. We talk about the vehicle itself all of the testing all the training happening and what we're going to be looking forward to in the very near future so with no further delay. Let's go light speed and jump right ahead to our talk with tony and selena enjoy the county. We have all right. I have tony and selena from boeing with me today. Thank you guys so much for taking a little bit of your day to join me today this is this is an exciting time. We got a new spacecraft coming right. Oh absolutely it's the best time to work in aerospace. We're happy to be here. We're trading restaurants. Today excited to be here. Today are very excited to make time for this all right so we're here to talk about. The star liner c. s. t. one hundred star liners so first off paint me a word picture. What is this thing. Look look like if you needed to describe this to. Somebody like this is what you're going to see. How would you do that. We're building a spaceship..
"boeing" Discussed on TechStuff
"Seven seventy seven the best selling wide body commercial jet of all time it beat out the record that was previously held by the seven forty seven and as i record this us boeing is working on the latest generation of the triple seven family of aircraft with the seven seventy seven x which start flying the skies in twenty twenty one of those seven seventy seven nine and it's a huge huge plane it can hold up to four hundred fourteen passengers bay plane and now we're up to seven eighty seven aka the dreamliner. It's another wide body jet though it's in the mid size range so it's not as big as the seven seventy seven and it went into production production in two thousand nine. It's meant to replace the seven sixty seven so boeing's goal was to create a commercial jet that could fill the same role as the seven sixty seven but have much better a fuel efficiency and they did this with lots of different changes in design including using mostly composite materials for the aircraft which helped cut down on the aircraft's weight which therefore for a cuts down on the amount of fuel it needs to stay in the air it can hold up to three hundred thirty five passengers depending again upon the layout and it also can travel on long distance since routes oh and then there is one other one. I should mention the seven seventeen. So why would i leave that one last. Why would i work up from 707 all the way up to seven eighty-seven then go back to seven seven seventeen months because boeing didn't actually design the seven seventeen the boeing seven seventeen at least the commercial jet version of the seven seventeen. There was a boeing boeing military aircraft that had a seven seventeen designation back in the nineteen fifties but that's not what we're talking about here anyway. It wasn't a boeing aircraft. Originally it used to have have the name m._d. Ninety five and it was designed by boeing's competitor mcdonnell douglas in the mid nineties but before the plane could go into production something else would happen. Ben and i'll get back to that in a little bit all right so that's the family of boeing commercial jets and honestly each of those could merit their own episode. There are lots of stories about each of them. There are stories about the different crazy. Configurations airlines would have for those aircraft their stories about accidents with those aircraft. <hes> the seven forty seven has had a lot of accidents not not to say that the seven forty seven itself was at fault. There were plenty of accidents. That were the judge to be human error not mechanical error but there's you know there's just so much to talk about and again. We've got it in the series at some point so i'm just going to call an audible here. Also it's good to remember a few general notes about these planes. I the number destination doesn't indicate size. This took me a long time to figure out when i was a kid. I just assumed that every number bigger was there's going to be a bigger plane. So when i heard it was gonna fly on the seven sixty seven. I thought wow it's going to be even bigger than the seven forty seven and i was wrong still getting over that that also <hes> another is that the variations within a single family in the seven hundred series can be significant. It's not just about the seat layout <music> out. It's also about the aircraft's dimensions which engines it has and other design elements and these differences at least according to boeing aren't so great as is to necessitate a totally new designation. You wouldn't call it a different type of plane but it does mean that not all some forty-sevens are like for example and there are a lot.
"boeing" Discussed on TechStuff
"The anti-aircraft missile was a young enough technology that the air force didn't have a a good way to designate it so originally the bow mark was referred to as an ex f ninety nine and the F. An ex south stood for fighter later as in Bomar was considered a pilotless aircraft and fighters seem to be the closest thing they can use to describe it now eventually the air force would change its designation system and they renamed it the I._M.. Ninety nine with I._M.. Standing for interception missile Boeing would test the prototype of the bow mark in nineteen fifty two and went into full production in nineteen fifty five the missile had some drawbacks the biggest one was that the the earlier version of the missile relied on liquid rocket fuel and that liquid rocket fuel was highly corrosive because of that you couldn't pre fuel a missile before you had to use it the fuel would actually corrode the interior of the fuel tank for that missile making it unreliable or worse so you had to hold off on fueling the things until it was time to use them and the fueling process took about two minutes and as you might imagine every minute counts when you're potentially potentially defending against an incoming aerial attack so Boeing later addressed this problem by making a switch and they changed out the liquid rocket fuel motors others with a solid fuel rocket booster that lowered the response time for the so-called Super Bowl Mark missile till less than thirty seconds the company would produce five hundred seventy. No mark missiles which became part of a network called the semi automatic ground environment or sage. They're kept inside inside launch shelters in remote locations. You've probably seen stock footage of these things where news these big <hes> hatches would open up and missiles would come well. It's that kind of stuff but these weapons were measured. Defense measure against bombers mail aircraft flying overhead as the focus would shift to who intercontinental ballistic missiles the usefulness of these older Bo mark missiles was determined to be somewhat limited and the military chose was to decommission them in nineteen seventy two now. I'M GONNA end this episode with a project that Boeing started in nineteen fifty two it was known as the three sixty seven eighty also called the dash eighty Boeing gave the project named the three sixty seven eighty to disguise its real purpose because the name seemed to indicate that it was going to be a variant of the ninety seven streto freighter but this was actually a project to explore the possibility of producing jet propelled commercial aviation in aircraft so in other words passenger jets and this wasn't a new idea Boeing didn't invent this in fact the Boeing President of the time Bill Allen. I had been part of a group of Boeing executives that went to see a jet powered airliner called the Haviland comet. It flew in an air show in the U._K.. The comment made its first test flight in nineteen forty nine and entered into commercial service in nineteen fifty two the same year Boeing committed to exploring the possibility of getting into that same business in the United States the dash eighty took about two years from the launch of the project to the production of the first aircraft and that first model three sixty seven eighty debuted on May Fourteenth Nineteen Fifty Four William Boeing himself who was seventy two years old ended that point attended the event the project had cost sixteen million dollars to fund that represented about two thirds of Boeing's profits since World War Two so this was a significant undertaking the dash eight served as the basis for a new line of aircraft technically early to lines of aircraft Boeing even started to gear up to go into full production. Even though it had not yet received a single order either from the military sorry or from an airline like Pan Am but the demonstration turned heads and before long the Air Force ordered a military version of the dash eighty this this one would be called the K. C.. One thirty five jet tanker the commercial side was a tougher sell Boeing was up against its competitor Douglas with much wheeling and dealing Boeing sales reps were able to land the contract with Pam to deliver twenty commercial versions of the Dash Eighty which would be known known as the seven zero seven at the same time Pan Am had also put in an order for twenty five DC eight's from Douglas so Boeing's long-term term success in commercial jets was not yet assured in our next episode. I'M GONNA continue looking at Boeing's history and commercial jets.
"boeing" Discussed on TechStuff
"The problems of of low air pressure so that must have been pretty confining four of the machine gun turrets on the B twenty nine were capable of Operation Asian via remote control which was a real innovation at the time amend the two crew members could control the four turrets and like the B seventeen most of the guns aboard the B Twenty nine were fifty caliber machine guns. It was a b twenty nine superfortress called the Enola Gay though would carry the atomic bomb that was dropped on Hiroshima another in world war two it was in fact more expensive than the manhattan project that was the project that was responsible for developing and building the atomic bombs but the between cost more money during world war two boeing also lost its company president philip g johnson whom i mentioned just before the break he died from a massive stroke as he was overseeing operations in the wichita kansas manufacturing facility in nineteen forty four clermont claire air act vet whose name i continued to butcher but he had served as president of boeing from nineteen thirty three to nineteen thirty nine would actually step back into the position for the remainder of world war two as a sort of an interim president and then he would hand the company over to william m allen in nineteen forty i five boeing made a couple of other military.
"boeing" Discussed on TechStuff
"Since nineteen twenty he he started as a draftsman and designer he rose to the position of chief engineer became vice president and then would become the successor to William Boeing and he also would play an important role and bringing the company to new heights and yes that was upon see another thing happened in nineteen thirty four that was really important to Boeing and that's the the Army Air Corps had issued a specification sort of a request for proposal for the design of they long range heavy bomber aircraft and by long range. We're talking five thousand miles of arrange. That's a heck of a distance to travel so claire pursued this opportunity. He submitted a bid that landed the company the chance to design a bomber of this type and the prototype was called the X._p.. Fifteen initially Boeing was competing against the Glenn L Martin Company which today today is actually part of Lockheed but the Martin Design never got to the prototype phase it was it was cancelled while it was still an idea on paper and the X._p.. Fifteen was quite a beast it had four engines since most bombers at the time only had two engines it measured more than eighty seven and a half feet long or twenty six point seven meters at a wingspan of nearly one hundred fifty feet or nearly forty five and a half meters when it was empty without any bombs or anything like that it weighed nearly thirty eight thousand pounds or more than seventeen thousand kilograms and its top speed it could travel at one hundred ninety seven miles per hour or three hundred seventeen kilometers power.
"boeing" Discussed on TechStuff
"Some practical experience designing and building aircraft before returning to China when Westervelt was looking for someone to send over to Boeing longs instructor at M._I._T.. The Guy who actually created this aeronautical engineering <hes> program at M._I._T.. A guy named drome hudsucker. Her Amelie said that Wong was the right candidate he would play an important part and Boeing's early successes so the original Boeing factory back West <hes> was a boat house that wasn't too far from Seattle Washington on the Duwamish River and by the way I'm sure on mispronouncing butchering names and I will continue to do so throughout this episode and my deepest apologies for that <hes> that is a failing on my part well William Boeing had some interesting ideas ideas about creating incentives for employees engineers he said well you know what if you are designing a plane. If you're building a plane you also can fly it. You're allowed to fly the planes that you're building so they weren't aren't just the engineers and and manufacturers they were the test pilots as well and Wong would get to construct planes for Boeing and get to fly them if he wanted to. The Verse Plane Wong would have a hand in designing and really the the main one was the Model Model C. which was ready for its first test flight <hes> on <hes> November Fifth Nineteen Sixteen which was just a few months after the B._M._w.. Test flights so one thing that really struck me the as I was doing research for this episode was how close together some of these dates are like it's amazing to me the thought of putting together a prototype aircraft and then flying it and then going right into the design and production of of a different prototype aircraft right away and being able to do it within a month. It's phenomenal to me now granted in these days these aircraft were made out of canvas and would there would be a wild before they would switch over to metals like aluminum but still and they were also in lumber country up in the Pacific northwest they had no shortage of that and and of course Boeing himself operated a lumber <hes> company so that helped as well but still that's pretty amazing to me anyway the B._M._W.. You had showed the Boeing can make a working aircraft but had very little application outside of that wealthy hobbyist market which as you might imagine was a pretty limited slice of the population the Model C. would prove to be much more versatile and it was helped no small part by the fact that over in Europe the Great War what we would later call World War One was raging and it was only a matter of time for the United States was pulled into it so the aircraft that flew on November Fifth Nineteen Sixteen was called d. c. four and that was because it was the fourth airplane that William Boeing ever owned and Wong would redesign the model C. giving it a bigger rudder among other changes and this Redesign Model C. was ready by April nineteen seventeen. Now is the same month that President Woodrow Wilson would declare war on Germany putting the United States into World War One has for Wong he received the princely some of fifty dollars and seventy seven cents for his work as an engineer and then was released from Boeing the company that is on May twenty second nineteen seventeen he returned to China and he established the first Chinese airplane factory there so while we're talking about money this fifty dollars and seventy seven cents that Wong earned for all his work with the Boeing Company. Let's talk a little bit about how much the Boeing company earned from contract..
"boeing" Discussed on Aviation Week's Check 6 Podcast
"Guest columnists Rishaad, Lafayette, the teal group and Kevin Michael's of aero-dynamics advisory going to start out on the Boeing anime proposed anime and with you, Richard. Because you gave a keynote address this morning where you listed to pros for Boeing to go ahead and four cons. You don't sound very optimistic. Well, it's a bit diffuse be they're not evenly weighted rate. I mean, I think the most important factor is a pro one which is that boy Boeing is getting clobbered in the sector, it's clearly incumbent upon them to do something. Whether that means the equally unpalatable decision to wait a couple years, and then go with a single out jet that obsolete the max before its time or they. Do this. I'm not so sure I see a third choice other than do nothing and simply accept that. There are structural disadvantage. Relative to hear bus can't Kevin your believes that is no choice. Right. I think there is a different reason they have to do the enemy beyond just the market size and getting clobbered by the three twenty one. And that is that they are anxious to roll out a new business model, which is inherently more profitable. Which means Boeing will be more vertical. He'll have more service revenue in the like in one does not want to learn a new business model on the future single that is just far too risky. So I think that that coupled with the fact they have to keep people busy for the next seven or eight years, they're going more vertical. Now, or you're gonna pay people to sit around for seven years or are you going to get busy on the next project? So I think it's a bridge to the real price, which is the future. Single Richard wasn't your point that by the time. The enemy gets here. The three twenty one gobble up all volume orders for that. That's an issue. But also on top of that. It's not really clear that you can create a twin-aisle that has the operating economics or the manufacturing economics of a single. While so while I think the MA would be very promising for new routed element. It might have no impact at all on the three. Twenty one's seemingly inexorable March, Richard. You have talked about the fact that you see is about a two thirds chance Kevin a little different there. But for the most part ever, the expectation is Boeing will launch or or announce and we'll start with an authority to offer this year and a thorny to formally launched the program next year, according to what tennis meal and Berg is said to us. But I think there's a couple of concerns there that people are increasingly focusing on and Richard you've mentioned before one of them is the pressure to maintain share buybacks and dividends and how that is a cash demand that could very much pressure launching a new program like NMA can you elaborate a little bit more on then where Boeing face sits and faces. Yeah. That's this is I think the biggest single issue that that's exactly right at this point. The company is converting something like ninety five percent of operating cash. Flow into dividends by backs it appears to be almost like a drug. They I if anything they're guidances to increase this, which is fine as long as the top line market is growing. But if all of the sudden peak out at rate Fifty-seven and rate fourteen on the seven eight and what else do you do to grow? And if they've got this mindset where everything is geared towards giving away the store, the only possible available source for additional cash is the ten billion or so that they would use to develop this jet. I'm not a Wall Street analyst. But I have to believe that market reaction would be sharp and could be pretty long term if Boeing were to say we can't convert one hundred percent to cash flow returns. Yeah. I mean, I think that might be right. I mean, would it put them in any kind of existential jeopardy?.
"boeing" Discussed on MarketFoolery
"When you look at boeing i mean they're in the business of making planes yes they have competition but it is a such a capital intensive business that i think at least one of the bowl cases for investing in a company like boeing is the barrier entry when you're making airplanes for living is massive right it's it's more or less airbus is the the the competition for what a boeing is doing on the commercial side and a boeing is getting the better of that competition at the moment uh they've got a bigger backlog they're getting more the orders for uh for their widebodied planes and airbus's is not firing on all cylinders uh at the moment so this comes and goes it at the moment uh advantage boeing um they've got a backlog of almost six thousand a commercial aircraft so that provides greater visibility for future earnings than lots and lots of other companies uh additionally at defense looks like it's going to be picking up for them so in terms of the backlog that you mentioned is that is that something that even with the price moves today you can look at how many planes they have on ordering just say you know what they're not the foreseeable future looked really good for them well so despite the fact that they they beat on the net income outlined by lot their earnings sorry the sales came in right about where where they were expected twenty two point seven billion uh for the quarter so the visibility is provided by the backlog and and company guidance and they've they've now guarded higher for the rest of the year on uh on the earning side and where they surprised was how much money they made uh it out of the sales of the margins improved and they they improve their tax rate uh and and that was a a part of it to in terms of uh the the bottom line still they get to hold onto that money if they're not paying taxes.