Wednesday, 18 December 2019

Boeing's 737 Max production halt significantly affected the USA economy



Boeing's 737 issues were pretty bad for the USA economy. Boeing's 737 Max problem could cut 0.5 percentage points from USA GDP. Boeing recently decided to halt 737 Max production in January. This will cut 0.5% from GDP growth in the first quarter of 2020, analysts say. This particular model is Boeing's bestselling plane.

The production pause is bad for Boeing's supply chain. The company already has 400 undelivered planes in storage.

The "production" component of GDP includes investment in inventory or fixed assets.

The Boeing Company is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles pretty much worldwide. Boeing also provides leasing and product support services.

The company has interesting projects all over the world. Boeing has conducted autonomous teamed flights using small, unmanned jet aircraft in Australia. The flights involved 2 small aircraft and is part of its efforts to develop its Airpower Teaming System (ATS).

In the future, they will try more complex manoeuvres, increasing teaming formation numbers and more complex missions.

There is footage on the company’s social media accounts that shows 2 aircraft taking off and performing basic manoeuvres in the air together. The aircraft look small. They are remote-controlled aircraft with fixed landing gear. Boeing says they successfully hit speeds of 152kt (300kph).






2 comments:

  1. The Industry Sector is Aerospace. The top 10 competitors for Boeing are:

    Lockheed Martin
    Northrop Grumman
    Raytheon
    General Dynamics
    SpaceX
    BAE Systems
    Airbus
    Bombardier
    Embraer
    Loral Space & Communications.

    Duopoly is a form of oligopoly. It exists in a market when 2 companies control nearly all the market share of a product or service. There are increasing threats to the dominance of Airbus and Boeing. This particularly in the area of the market dominated by the Airbus 320 and the Boeing 737.

    ReplyDelete