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> A company like Boeing that gets massive government contracts and depends on free trade shouldn’t be shitting on free trade. Opposed to all the other airliner
by jonknee 9y ago
> A company like Boeing that gets massive government contracts and depends on free trade shouldn’t be shitting on free trade.
Opposed to all the other airliner manufacturers that don't get government contracts? From the article:
> The Quebec government invested $1.25 billion in exchange for a 49.5 per cent stake in the CSeries last year. The federal government also recently provided a $344-million loan to Bombardier, which struggled to win orders.
And of course Airbus is partially owned by France, Germany and others. Everyone in this story has deep government ties.
- acomjean 9y agoI presumed the parent meant huge non-airplane military contracts. Airplanes are 69% of revenue but just 54% of profits (now that the dreamliner is in production)[1]. The rest is defense were margins are higher. I was working years ago at a defense contractor who was a sub on a Boeing radar project. The running joke was the Government was giving Boeing work to let it capitalize the design of a new plane. [1]https://www.fool.com/investing/2017/01/30/boeing-earnings-the-defense-edition.aspx https://www.fool.com/investing/2017/01/30/boeing-earnings-th...