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A 'prescient' warning to Boeing on 787 trouble
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| Contributor | RP |
| Last Edited | RP Feb 07, 2011 01:40pm |
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| Category | Review |
| Media | Newspaper - Seattle Times |
| News Date | Sunday, February 6, 2011 02:00:00 AM UTC0:0 |
| Description | In a late January appearance at Seattle University, Boeing Commercial Airplanes Chief Jim Albaugh talked about the lessons learned from the disastrous three years of delays on the 787 Dreamliner.
One bracing lesson that Albaugh was unusually candid about: the 787's global outsourcing strategy — specifically intended to slash Boeing's costs — backfired completely.
"We spent a lot more money in trying to recover than we ever would have spent if we'd tried to keep the key technologies closer to home," Albaugh told his large audience of students and faculty.
Boeing was forced to compensate, support or buy out the partners it brought in to share the cost of the new jet's development, and now bears the brunt of additional costs due to the delays.
Some Wall Street analysts estimate those added costs at between $12 billion and $18 billion, on top of the $5 billion Boeing originally planned to invest. |
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