Objectively? In a lot of trouble. Real world, though? They are one of the largest companies that feeds/works for the American Military Weapons Complex plus they are also among the largest lobbying/donors of the Federal Government. Just behind pharma.
this post was submitted on 17 Mar 2024
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I'd say no trouble at all. They should be sweating drops but they are not. Like you said, huge company with a "handle shit" budget. Am fully expecting nothing will happen and if they get sued they will settle outside of court, like they did with 737MAX issue. And problem solved.
The real world has a habit of catching up even to the biggest budgets.
My suspicion of what is currently going inside the company is that an army of consultants are going through every inch trying to produce reports of how to improve the "processes" to avoid such future incidents. However the percentage of change that will be implemented is only as big as management's willingness to upset current stakeholders including itself. So unlikely to be very big.
I would expect a continuous decline with ever-decreasing new orders from airlines - fire sales to attract new customers, reduced investment because of declining revenues etc.
The government titty will keep them operating for a while though - or at least until their incompetence embarrasses the government/army sufficiently.
works for the American Military Weapons Complex
That is where this will fuck Boeing, you can buy regulators for having the side of your plane fall off in flight, or an Auto piolet that loves to use the lithobreak, but don't fuck with the US military contracting system. The DOD contracts for things with very specific and some times stupid standards, but they get exactly what you paid for or else.
Boeing: How much trouble is the company in?
Not as much as they should be in, probably.
A new car built by my company leaves somewhere traveling at 60 mph. The rear differential locks up. The car crashes and burns with everyone trapped inside. Now, should we initiate a recall? Take the number of vehicles in the field, A, multiply by the probable rate of failure, B, multiply by the average out-of-court settlement, C. A times B times C equals X. If X is less than the cost of a recall, we don't do one.
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I miss North American Aviation.
Even if Boeing doesn't face any real consequences, I hope airlines take this time to just go full Airbus even if it's out of fear from future litigation and not inherent customer safety. Airbus should also jump on this opportunity and offer some good deals for actual functioning and safety tested aircraft.
The main issue is that Airbus has a huge backlog for their aircraft which continues to grow. They're slowly adding more capacity, but not nearly fast enough to satisfy their current demand, let alone what additional customers would bring.
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I have a simple solution: force Boeing to go back to it's management roots. Require all C-levels to have engineering degrees.
But the shareholders would rather see the company be shut down than give up some profit.
Also, put an end to their union busting garbage. Then quality that they were known for was established when all of their labor was done by well-compensated union labor, instead of outsourcing to get around union contracts.
No trouble at all. It's impossible to get into trouble when there is no competition.
except from Airbus... so yeah. there's competition.
hardly. airbus can't double it's production overnight.
They're not American, the US government would sooner ban them than levy consequences on the American company.
They also likely murdered John Barnett, but I'm sure they are too big to fail or be tried for murder.
Kinda hard to try a corporation for murder and stick it in jail, even though we all know it’s a person.
Whole company? Very difficult.
Whole board of directors? That’s easy
I really hope this allows a third and perhaps even a fourth company to enter the market
Be careful what you wish for. Some of the most likely contenders are Lockheed, Raytheon, and a few other military contractors that haven't broken into the civilian market yet.
Not really. The most likely contenders I could see now are Embraer and Comac (Chinese aircraft manufacturer). A few years ago Bombardier could have been a very likely contender, but not today.
I could see Lockheed and Raytheon entering the civilian market only if the demand on the military side starts drying up, which in this climate I find doubtful.
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I look forward to seeing it play out. More competition is always better than less competition.
Likely not a all... The only chance these behemoth companies get punished is by the public turning on them but they have already insulated themselves from that (most people would not know how to avoid their planes when booking the next vacation on Expedia)
In a properly working environment, even a Capitalist one, the government should intervene, jail the board, and either nationalize it or auction it off for parts... The most important part is really the jailing of the board
Boeing and the american government are too deep in bed. Nothing significant will happen. Maybe a few executives get fired just to satisfy the demands for action. In fact the american government will likely bail the company out when things take a dive (their stock as well as their aircraft).
Sadly, I believe you are 100% right
I had the pleasure of interviewing several engineers from Boeing with PhDs and almost the worst interviews ever. Very awkward interviews and possibly the worst in person interview ever.
Did you publish these? It would be interesting to read!
Or maybe give some more insight here onto what you mean by "worst interview". That could be so many things... 😉
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