14 Oct boeing boeing script
This is only an estimate. The price fell from $422 to $375 in 2 days. And our next question is from Carter Copeland with Melius Research. plays and became a Chevalier de la Légion d’Honneur in France. You know the scenario. And obviously when you look at the portfolio mix, Jon, that MAX ramp up, that's where it will start to differentiate, go back to a richer mix on the commercial side. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. So let me take a swing at that. This 1960's French Farce adapted for the English-speaking stage features self-styled Parisian Lothario Bernard, who has Italian, German, and American fiancees, each beautiful airline hostesses with frequent "layovers." As part of this reorganization, I've asked Greg Smith, who most of you know well to take additional responsibilities leading our enterprise, manufacturing, supply chain and services functions, in addition to his CFO and strategy roles. Greg will go through our liquidity situation in more detail a bit later, but let me just say, we believe that government support will be critical to ensuring our industry's access to liquidity. At this time, we are taking action to reduce our workforce by approximately 10% of our roughly 160,000 employees by end of this year, through the combination of voluntary layoffs, attrition and involuntary layoffs as necessary. And I asked on the context also have a lot of the gross items in your defense portfolio being related to very new programs, you've taken on some risk on the front end in terms of investments. You've got the $15 billion of cash on the balance sheet but also about $5 billion of short-term debt and burning cash. We appreciate the steps that the Department of Defense has taken to work with its industry partners to improve near-term liquidity in the forms of increased progress payment rates and reductions in withholds among other initiatives. Suffice to say there are going to -- the retirements are going to accelerate in my view considerably and airplanes are going to get put down permanently at a faster rate, that's the most important part of this, that they get down -- they get put down permanently, not that they just get parked. These aircraft in storage will convert to significant operating cash over the period of time it takes to deliver these aircraft out of inventory. With the Embraer deal not playing out and then NMA being off the table, how do you think about competing against Airbus who has a product at the lower end of the market and a product at the higher end of the narrow-body market, where it seems like that the MAX is -- it's fine, but it's -- how can say it, sandwiched [Phonetic] between aircraft that are optimized on both ends of the market by your competitor, so particularly in an environment where you're constrained on your R&D expense and your development expense? I just want to make sure I heard you right on the block reduction. And then, I'd say outside of that is the 777 to 777X. 10/21/1965 at. During the quarter, BDS won key contracts worth $6 billion and our backlog now stands at $64 billion with 28% from outside the United States. The 787 program margin decreased in the quarter, primarily due to lower planned production rates, which drove additional fixed cost absorption, higher disruption costs, and 100-unit contraction of the accounting quantity requiring us to recognize the remaining deferred balance over fewer aircraft. Let's now move to Defense, Space & Security on Slide 8. But when we get to some form of stability at these production rates, and I believe we will, we'll be in good shape to begin that process of returning money to our lenders. David L. Calhoun -- President and Chief Executive Officer. We will continue to evaluate the rate beyond 2022 to balance supply and demand. And we believe that, in fact, it will hold up again and a lot of the discussions we've had have been with financial markets and lessors as you would imagine. And do you know, darling, each jet has a thrust of nineteen thousand pounds. In addition to his directorial and acting prowess, Lewis also has dabbled successfully in other areas such as songwriting, book writing and singing. Bodybuilder, Bodyguard, Bodyguard: A New Beginning, Bodyguards and Assassins, Bodysnatch, Bog of Beasts, Boggy Creek, Bogowie, Bogus, Boi. And as previously mentioned, we have taken actions to reduce production rates in our commercial business, and we have furloughed certain employees, and as Dave discussed, will be taking workforce actions through a combination of voluntary layoffs, attrition and involuntary layoffs as necessary. Our next question is from Sheila Kahyaoglu with Jefferies. And through it all, we are keeping the health of our employees, their families and our communities top of mind. We are working with our supply chain partners to carefully manage liquidity, but at the same time doing everything we can do to manage the stability and health of our supply chain, as we manage through this demand shock to protect the long-term health of the US aerospace industry. So production equates to deliveries for wide-bodies in 2020 and '21 and beyond? Beverley Cross, Stock Advisor launched in February of 2002. Let's now move to Slide 11 and we'll discuss liquidity position and finance planning. We believe the government support will be critical to ensuring our industry's access to liquidity and we continue to evaluate options in the capital markets as well as funding options from US Government via the US Treasury and various Federal Reserve programs. $5.00. And that could change and we'll size accordingly to do that. Please go ahead. How do you see those dynamics playing out over the next few years as a way to plug some of the hole being created by aero clearly being down here? We also continue to expect any concessions or other consideration to be provided over a number of years with the cash impact to be more front-loaded in the first few years. Now let's turn to Slide 5. So again the airlines bridging that moment, Boeing, Airbus access to credit and their ability to finance from here to that medium-term moment and then the supply chain's ability to now restructure themselves to meet that new demand, but always relying on our credit and always relying on our factories being open, that's a real advantage. A key driver in both segments will be the rate of retirements of older fleets. Yeah, I think the only one that may be a little off is the transition from the 777 to 777X through that period, as we're building the balance of the flight-test airplanes. Yeah. We continue to evaluate options in the capital markets as well as funding options from the US Government via the US Treasury and various Federal Reserve programs. Thanks, Dave, and good morning, everyone. We are invested in capabilities with respect to manufacturing and engineering that we believe will offer a very differentiated product in whatever strategy we choose and we're fast at work at that stuff and we continue to be at work on it. %PDF-1.2 %���� The shift and severe impact it has had on the airlines in the global economy has added significant pressure on our cash receipts. H��RKn�0=A�0K*ծ=�%�ʮ�*�`()P*n_�'Q��d����}Ʈ��`� 4�B@|�OKʆ�m���:Ԡ��Y� �g��;��0�H�@���O�)e_)f,U�j蔎*��(���!U���Q�LC���V�"ЕΐO��tF� 2�tI�8�������ondD&���� The diversity of our portfolio is unmatched and our government services, defense and space programs will provide critical stability for us moving forward. We've taken mitigating actions where we can, but supply disruption remains a key watch item for us. We continue to have access to our $9.6 billion revolving credit facility, which to date has not been drawn upon. We've also assumed that a majority of the 737 MAX aircraft produced during the grounding and included within inventory will be delivered during the first year after the resumption of deliveries, although again at a slower pace than we previously assumed. This includes recent organizational change, as Dave mentioned, to simplify and streamline roles and responsibilities and prepare now for the post-pandemic industry footprint. Please go ahead. We plan to immediately reduce our debt levels once our cash flow generation returns to more normal levels. While the tanker program has had delays and other challenges, with this month's agreement with the US Air Force to develop and integrate a new Remote Vision System, we will ensure that KC-46 becomes the standard by which all future refueling aircraft are measured. Thank you, John, and good morning. Great. Douglas S. Harned -- Bernstein Research -- Analyst. So I do believe that even the tanker future is significantly brighter than the one we've experienced up until now. Boeing Boeing is dated, but still fresh and funny. We believe through a combination of our actions and our ability to access additional liquidity, we will be able to obtain sufficient cash to fund our operations. Boeing Boeing Script PDF - CONTINUITY SCRIPT. They've been producing protective face shields for distribution to healthcare professionals, have flown our aircraft on missions to transport critical healthcare supplies around the world, donated masks, gloves and other equipment, and contributed hundreds of thousands of dollars to food centers for people in need, and that's just a partial list. Read the full synopsis of Boeing Boeing, 1965, directed by John Rich, with Jerry Lewis, Tony Curtis, Dany Saval, at Turner Classic Movies Well, I don't have a retirement number on the tip of my tongue. Dave, when I went to look up how much of the market is sale leaseback, I reminded myself -- I was surprised to remind myself how large that is. Greg, do you want to take that one, or you want me to? The contraction in the cost base was driven by time. ", "This latest edition of a play named for an aircraft soars right out of its time zone and into some unpolluted stratosphere of classic physical comedy. - Georgina Brown, Mail on Sunday, Marc Camoletti (1923-2003) authored more than 40 Display your Boeing Heritage pride on luggage, a jacket, or backpack with this Script embroidered felt sew-on patch. For example, the President's budget request for fiscal year '21 supports key Boeing programs, including the V-22 and Apache, 12 F-15EX aircraft and 15 KC-46A Tankers. New York, NY 10003, "This latest edition of a play named for an aircraft soars right out of its time zone and into some unpolluted stratosphere of classic physical comedy." The air travel industry has never seen anything quite like this. A number of our suppliers have suspended or reduced their operations resulting in some supply shortages for our own operations. Our issue is and our assumptions, and we think we're right, is that the international route structures are going to come back much slower than the domestic ones. We will not lose sight of the importance of making investments that are critical to our future, such as the continued -- such as continuing to progress on our development programs such as the 777X and the 737 MAX 10.With that, let me turn it over to Greg for an update on our financial performance. Even a full recovery will take years, not months. Our next question is from Ron Epstein with Bank of America. And that will be from Myles Walton with UBS. And as discussed, COVID-19 also caused delivery and production disruption in the quarter. I think on the last call you mentioned that defense cash flow might be little bit down year-on-year this year due to timing mostly, but how do you see that playing out going forward? Marc Camoletti, In addition, abnormally low production rates will extend for a longer period once production resumes and as expected to result in around $1 billion of additional abnormal production cost, increasing the total from approximately $4 billion to $5 billion.
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