Boeing releases its third quarter earnings tomorrow (Oct. 21). The company has already announced another $1bn write down for the 747-8 program and some aerospace analysts are predicting another $2.5bn write-off for the 787. The company said it… Read More
Boeing has filed for permits in Charleston (SC) to clear more than 80 acres of forest to make way for an assembly site and delivery center, taxiways and related stuff. The building would be 720,000 sq. ft. Boeing… Read More
Washington State last week made a pitch to the new Boeing Commercial Airplanes CEO James Albaugh for locating the second 787 assembly line in Everett, the home of Boeing’s wide body production. Charleston (SC) is competing for the… Read More
Here are some thoughts about the risks Boeing faces about establishing 787 Line 2 in Charleston vs. Everett. An understanding of Washington State politics is at the core of these musings. Federal politics. Certain members of the Washington… Read More
Market reaction Thursday to Boeing’s new schedule for 787 first flight by year end, and EIS in 4Q10, was good: stock closed up more than 8% or $4 to $51.82. The Dow Jones Industrials were up a mere… Read More
Update: Here is a 16 minute podcast about the conference call and news. Original Post: Here is a running recap of the Boeing webcast on the announcement today of the new schedule and $2.5bn charge. Present on the… Read More
During the 2Q09 earnings call, Boeing seemed to be laying the foundation that a forward loss might be forthcoming on the 787 program and some analysts shortly thereafter issued notes predicting there will be one. However, within the… Read More
Update, Aug. 26: Bloomberg’s story; the Seattle Post-Intelligencer’s story; Charleston Regional Business Journal. Update, Aug. 25: KING 5 TV Seattle (NBC) reported today that Boeing will file for permits tomorrow to expand the Charleston, SC, plant in anaticipation… Read More
Sent to us by a Seattle resident in a round-about way. Said the First Flight used a little more fuel than expected.
Boeing needs a second production line for the 787. Some say Boeing needs to get the airplane flying before worrying about a second line. While there certainly is some truth to this, the two decisions aren’t mutually exclusive…. Read More