[ad_1]
MarkRubens/iStock via Getty Images
Boeing (NYSE:BA) CEO Dave Calhoun on Tuesday supply-chain constraints that have dogged the aerospace industry may last until the end of next year, Reuters reported.
“Priority one for the two airplane manufacturers is stability,” Calhoun said at the Qatar Economic Forum, an event hosted by Bloomberg, in reference to Boeing (BA) and European competitor Airbus (OTCPK:EADSF) (OTCPK:EADSY). “That is not a short-term job. It sounds like it might be, but I think it could take all of this year and probably all of next year.”
Calhoun last month said the company had made progress in improving its supply chain. He also had reiterated an outlook from November that predicted removing the impediments would take until next year.
At the conference Tuesday, Calhoun said recent manufacturing issues with the 737 Max jetliner would delay output for more than one to one-and-a-half months. He also said the aircraft industry wasn’t likely to introduce new plane designs before the middle of the next decade because of the time needed to develop technologies.
Seeking Alpha columnist Adam Levine-Weinberg has a Sell rating on Boeing (BA) because of its debt levels and valuation. Contributor Invest Heroes rates Boeing (BA) as a Hold on its current valuation.
More about Boeing
[ad_2]
Source link
