Boeing CEO waits for Trump's trade play
Source: chicago tribune
Muilenburg argues that international trade is essential to the U.S. economy and its importance is reflected in the "large and growing percentage of our business" coming from international sales, including commercial jet orders from China.
"Last year, we delivered 495 737s from our factory in Renton, Wash., to customers around the world. One in every 3 of those 737s were bound for China. And about a quarter of all our airplane deliveries
were bound for Chinese customers. This phenomenon would have been unimaginable when I started at the company in 1985," said Muilenburg, who began his Boeing career as an aerospace engineer.
A steady influx of China commercial jet orders means more work for Boeing's thousands of U.S. workers while also providing lift for its network of domestic parts supplier and vendors.
Around 90 percent of Boeing's total workforce of 151,000 people and 80 percent of its thousands of suppliers are U.S.-based, according to Boeing.
Read more: http://www.chicagotribune.com/business/columnists/ct-boeing-china-trump-robert-reed-1206-biz-20161205-column.html
President Obama initiated funding for the jets design but no order has come in, hence no order to cancel for Billionaire Twit. Trump was irritated at tribune Article, so he went after Boeing, crazy man running country soon, batten down the hatches!
pbmus
(12,422 posts)The kkk has arrived
Kleptocratic kakistrophic klusterfuck
liberal N proud
(60,352 posts)If he gets mad at someone, he is going to use the power of the government to destroy them and anything surrounding them.
paleotn
(18,012 posts)Airbus. Ironically, Chettolini's antics will do more for Airbus than for Boeing. A few more chats with Taiwan and China will take its business elsewhere. The US One 747's may be the least of Boeing's worries.
mitty14u2
(1,015 posts)The Boy Who Cried Wolf is one of Aesop's Fables, numbered 210 in the Perry Index.[1] From it is derived the English idiom "to cry wolf", defined as "to give a false alarm" in Brewer's Dictionary of Phrase and Fable[2] and glossed by the Oxford English Dictionary as meaning to make false claims, with the result that subsequent true claims are disbelieved.[3]
The tale concerns a shepherd boy who repeatedly tricks nearby villagers into thinking wolves are attacking his flock. When one actually does appear and the boy again calls for help, the villagers believe that it is another false alarm and the sheep are eaten by the wolf.
In later English-language poetic versions of the fable, the wolf also eats the boy.
The moral stated at the end of the Greek version is, "this shows how liars are rewarded: even if they tell the truth, no one believes them"
https://en.wikipedia.org/wiki/The_Boy_Who_Cried_Wolf
Nothing he says can be Trusted as the Truth!
Latest & Greatest; Trump said he sold Boeing and other stock in June because of Conflict of Interest ( No Record of any such transaction) and if he did it was probably for campaign funds and run day to day business.