Boeing’s New Excuse For Dreamliner Delay Is US Government
Boeing’s (NYSE: BA) 787 Dreamliner has had six official delays in its launch data, and more if every glitch in production is counted. Boeing says it will announce another new release plan in two weeks. Then, it will have to…
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The AP reports that Jim Albaugh, Boeing’s president and CEO for airplanes, said Wednesday that Boeing needs the Federal Aviation Administration “to agree to the fixes we’re going to put in place” and to restart certification test flights before the company can release a delivery schedule.
Boeing would not be in a holding position now if it had been even moderately competent when it built and tested the plane. Delays have been blamed on everything from suppliers to labor relations. Each of these could have been foreseen and solved if the company was well-managed. Somehow Boeing CEO W. James McNerney Jr has kept his job. Boeing’s board should have gotten rid of him long ago, even if its was only to send the message that the company took the delays seriously.
But, Boeing has sent the wrong message to its customers, shareholders, and employees. Deadlines mean nothing. Excuses are fine. It is alright to accept an effort that is well short of excellent.
Douglas A. McIntyre
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
