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Boeing shares plunge after Q1 loss as
technical problems persist

Original Article

Posted By: Ribicon, 4/27/2022 8:32:35 PM

Boeing unveiled $2.7 billion in charges and added costs across its aircraft portfolio on Wednesday, and expressed doubts over hitting jet delivery targets as technical problems, inflation and supplier risks cloud its path toward recovery. Shares of the US planemaker fell to a nearly 1-1/2 year low after it posted a quarterly loss and announced it was halting 777X production through 2023 due to a fresh delay in its entry into service after certification problems and weak demand. “Another dreadful set of results,” Agency Partners analyst Nick Cunningham said in a client note, adding that a “general sense of disarray continues.”

Comments:

Boeing management is fully committed to maximum diversity in its engineering staff, encouraging non-White foreigners in particular to work there because skin color (and a willingness to work for less to undermine domestic wages and maximize executive bonuses) are far more important than producing a product or bringing benefits to the home nation.

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Reply 1 - Posted by: Ribicon 4/27/2022 8:37:52 PM (No. 1140145)
August 28, 2020. "Boeing is seeking to increase black US employees throughout the company by 20 percent and mandate benchmarks for hiring people of color, Chief Executive Dave Calhoun told employees in a memo on Friday reviewed by Reuters." https://nypost.com/2020/08/28/boeing-ceo-eyes-20-percent-increase-in-black-employees/ That's funny; I thought they were in the business of building aircraft.
6 people like this.

Reply 2 - Posted by: DVC 4/27/2022 8:50:37 PM (No. 1140157)
To the degree that a company's hiring practices deviate from being based 100% on merit, that company will decrease it's effectiveness and eventually fail. Boeing USED TO only hire "the best and the brightest" and promote the same. My aerospace company used to do the same, and we almost NEVER shipped a product late or had quality issues. In the last 8-10 years I as there, and the 10 years since, they have been hiring and promoting based on sex and race, not competence. A friend who still works there tells me that "missed ships" and "quality escapes" are extremely common now. VERY bad in the weapons industry, very bad. Also very bad in the airliner business. Fact: In diversity, is your weakness and your failure. Diversity and affirmative action are literally destroying the country.
12 people like this.

Reply 3 - Posted by: MissNan 4/27/2022 9:39:39 PM (No. 1140198)
Just look what a pisspoor Vice President we got based on gender and skin color.
9 people like this.

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