The Art of the Deal

Investment Analysis Clubs Macro Economic Trends and Risks
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Boeing says ‘lessons learned’ from costly Air Force One deal
https://finance.yahoo.com/news/boeing-says-lessons-learned-c…

LONDON (Reuters) - Boeing’s defense chief said on Sunday it had learned lessons from a contract to supply the U.S. presidency with new Air Force One aircraft, which has cost the planemaker almost $1 billion in charges and is up to three years behind schedule.

Boeing received a $3.9 billion contract in 2018 for two 747-8 aircraft to be delivered starting in 2024.

In December 2016, then U.S. President-elect Donald Trump secured a promise from then Boeing CEO Dennis Muilenburg that the cost of replacing Air Force One would not exceed $4 billion. Trump had earlier urged the government to cancel buying Boeing’s new Air Force One, saying it was “ridiculous” and too expensive.

intercst

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It’s a wonder to watch a Jack Welch-trained MBA at work.

intercst

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Intercst,

We all get what a perversion is. That is still only politics.

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Welcome to dealing with the USian defense industry.

Why is Boeing moving HQ from Chicago (where it said it wanted to be closer to it’s customers) to DC (where it will be closer to it’s new most important customer?).

Boeing Co. said Thursday it will move its headquarters from Chicago to the Washington, D.C., area, where company executives would be closer to key federal government officials.

https://www.npr.org/2022/05/05/1096961418/boeing-moving-head…

Closer proximity to the Pentagon, and those pesky regulators that have caused BA so much grief over it’s shoddy engineering and construction practices recently.

Steve

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