Today, the Air Force says it may have to restructure its contract with Boeing if automatic budget cuts, or sequestration, take place (for more on this see Scott Hamilton's Leeham Co. blog).
Boeing workers in South Carolina will get their first payout from the company's employee incentive plan. They'll get an average of 17.95 days of extra pay, reports the Charleston Regional Business Journal. That's more than the payout for many commercial airplanes workers in the Puget Sound region, who learned last week they'll get 14.75 days.
Analyst Richard Aboulafia, with the Teal Group, took Boeing corporate officers to task for their engineering and product development strategy in his monthly column. Aboulafia writes that engineers have been nudged aside by company "bean counters."
Here's an excerpt:
Chicago's view of engineering, as seen in management changes, union negotiations, product launch decisions, and design outsourcing moves, is that it's a secondary consideration, far behind financial and market considerations.
Aboulafia will speak at the Pacific Northwest Aerospace Alliance conference that will be held next week in Lynnwood.
Most recent Aerospace blog posts
- Boeing forecasts fast growth in Latin America Nov. 16
- Embraer names Lynnwood’s Nova-Tech Engineering as its top supplier in 2015 Nov. 12
- How much is an airplane sale actually worth? Oct. 29
- Boeing and Lockheed might contest Pentagon’s bomber decision Oct. 27
- Boeing KC-46 tanker (finally) gets a foreign order Oct. 26
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