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Which direction are those figures trending though?
by drcongo 3y ago
Which direction are those figures trending though?
- foofie 3y ago> Which direction are those figures trending though? As Boeing's 737 MAX problems started in 2018 and all 737 MAX were grounded in 2019, I'd be surprised if these figures are already reflecting a considerable drop in Boeing's revenue from commercial planes.
- dylan604 3y agoI'm sorry, but the 737 MAX problems started well before 2018. The results of those problems were spectacularly made public in 2018.
- foofie 3y ago> The results of those problems were spectacularly made public in 2018. That's when potential customers start to say "hell no, get me Airbus' number" and Boeing's revenue from commercial planes starts to tank.
- dylan604 3y agoIf you think the problem is the revenue, then you're part of the problem that Boeing has. Boeing's problem is they put the revenue people in charge and diminished the role of the engineering.
- mkipper 3y agoIn 2008, commercial airplanes were 40.6% and defense was 52.5% of revenues. I’m no fan of Boeing, but they’ve been focusing on the military for a very long time.
- tivert 3y ago> I’m no fan of Boeing, but they’ve been focusing on the military for a very long time. But it feels like they aren't succeeding. Didn't Boeing lose out on all the advanced fighter competitions to Lockheed, so all their fighters are last generation and headed for obsolescence? I'm also under the impression that the ULA is losing to SpaceX pretty badly (but maybe the government is pumping money into it for reasons, I don't really follow too closely).
- mkipper 3y agoI also don’t follow that stuff too closely, but yeah, those examples are exactly why Boeing doesn’t stop making commercial airplanes and completely pivot to defense contracting. You _can_ make money hand over fist working with the US military, but winning giant money printing contracts is easier said than done. It’s a super volatile industry that Boeing unsurprisingly limits their exposure to. Discussing anything related to the US military on HN can be frustrating, and the recent surge of “Boeing only really cares about their cash cow, defense” comments is no different.