Ihssane Mounir, Boeing senior VP for global supply chain and fabrication, told a key supplier conference that suppliers and the OEM owe each other transparency.
MRCY’s revenue fell to $197.5 million from $229.6 million a year earlier, while earnings per share were -$0.42, well below a consensus estimate of $0.07.
Doug Ackerman, vice president for supplier quality at Boeing Commercial Airplanes, updated a key supplier conference on the nature of its supply chain problems.
Honeywell plans to expand its Olathe, Kansas, facility under an $84 million project for the production of avionics and printed circuit-board assemblies.
ADS Group is calling on the next UK government to pursue a new industrial strategy that supports industry to give the country a greater strategic advantage.
The FAA’s decision to freeze 737 MAX production levels likely does not have a significant effect on top suppliers, according to executives and analysts.
Large spans of water and a lack of strategic depth in some countries make airborne early warning assets a valuable commodity for air forces in the region.
Holding 70% of the company’s outstanding shares, they could declare a crisis of confidence, challenge the status quo and demand a change in top management.
Though Boeing’s 737-9 is now allowed to return to service after close inspections, the FAA’s decision to freeze production at current levels is a huge blow.