- Boeing Co (NYSE:BA) reportedly said the company’s progress on resolving supply chain problems has been “frustratingly slow.”
- Even as airlines’ overall demand for planes has bounced back to pre-pandemic levels, it will take five years for aircraft makers like Boeing and Airbus SE (OTC:EADSF) to meet customer demand for new planes, Reuters reported citing statements from CEO Dave Calhoun at Bernstein conference.
- The report mentions that Boeing regularly tracks 25-30 parts from a subset of suppliers that have previously faced production headwinds.
- Also Read: Boeing’s ‘Worst Enemy’ Is Themselves: Analyst Breaks Down Latest 737 Max Problems
- But “surprise issues” can still crop up from certain inexperienced suppliers who suddenly may demand an urgent next-month delivery from Boeing at short notice.
- However, Boeing has seen improvements in some aspects of its supply chain, such as engine forgings and castings, the report added.
- During the recently-reported first quarter, Boeing said it is “progressing through recent supply chain disruptions,” gaining pace with solid demand across its key markets.
- The company has recently been in the headlines for boosting its widebody 787 Dreamliner production target from three to four planes per month.
- Also, Boeing plans to add a second production line to the facilities in Charleston, South Carolina.
- Price Action: BA shares are trading higher by 2.51% at $213.18 on the last check Friday.
- Photo via Wikimedia Commons
Elon Musk’s Starlink Files For Data Imagery, GPS Location Trademarks: Why This Expert Says They’re ‘Something To Pay Attention To’
Satellite company Starlink has quietly filed new trademarks that could lead to new business ventures for parent company SpaceX.
A trademark attorney shared insights with Benzinga on what the filings mean and what could be coming from the Elon Musk-led company.
