The recovery of Boeing's commercial business depends in part on changing the way Washington approaches the treatment of manufacturing enterprises.
That doesn’t sound like an extravagant level of profitability; in fact, it sounds like a pretty mediocre performance compared with some other places investors might have put their money.During the preceding seven years of the decade, Boeing’s operating margin averaged 10% and its net profit margin averaged 6%.
2021 has been another difficult year for the company, with major reverses in its space business, lost opportunities for foreign fighter sales, and regulatory burdens afflicting each of its major commercial transport products. Today, the company’s beleaguered workforce might be forgiven for fearing that nothing is ever going to go right again.
Across the seven years prior to 2018, that rate averaged 27%, which helps explain why the company’s net profit margin was only 6% and the dividend yield seldom exceeded 2.5%. Boeing didn’t do that—despite the imperative to price competitively in global markets, it kept all of its jetliner production in America.
So, the notion that Boeing has nobody to blame but itself for the decline of its jetliner business is nonsense.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Boeing, Airbus executives urge delay in U.S. 5G wireless deploymentBoeing Chief Executive Dave Calhoun and Airbus Americas CEO Jeffrey Knittel on Monday urged the Biden administration to delay planned deployment of new 5G wireless services, saying it could harm aviation safety.
Read more »
Prosecutors say Italian firm produced 4,000 flawed parts for BoeingAn Italian supplier at the centre of recent industrial snags on the 787 Dreamliner airplane produced more than 4,000 non-compliant parts destined for Boeing Co over five years, a preliminary report from Italian prosecutors shows.
Read more »
Boeing and Airbus warn US over 5G safety concernsThe world's two biggest plane makers say the technology could have a negative impact on the aviation industry.
Read more »
Utah Teen Missing for 5 Days Found Alive in Man's Basement, Naked and Covered in CoalHe claims it was consensual kidnap role play (via toofab)
Read more »
The Romantic Power of Eye ContactHere are the 2 key roles that good eye contact plays in romance, according to WendyPatrickPhD
Read more »
Sex and the City star Kristin Davis almost played a role on FriendsSex and the City star Kristin Davis, who returned as Charlotte in And Just Like That, has revealed that she almost played Monica Geller in Friends.
Read more »