Boeing’s collective bargaining agreement with the IAM expires at midnight on September 12th. The IAM spent the past few years preparing their membership for the eventuality of a strike. On July 17th, the IAM will hold a strike sanction vote...
Last month, we announced we had flattened our aircraft production forecast for the A320neo and A350 families due to tepid Q1 deliveries. Obligingly, Airbus announced last week that they are lowering their 2024 delivery target to ~770 aircraft, down some...
New Caledonia has been under French control since 1853. However, recent French approval of a change to its constitution that may dilute the representation of the island’s indigenous people has sparked violent protests that have impacted transportation, including its international...
Both Boeing and Airbus continue to struggle delivering aircraft, prompting us to revise our full year aircraft production outlook. We are flattening (A320neo, A350) or reducing (737MAX, 787) our forecast for a number of key programs. In the case of...
Spanish stainless steel giant Acerinox, through its wholly-owned US subsidiary North American Stainless, is to acquire Haynes (HAYN) for $970M. Acerinox plans to invest $170M into the ~$600M US maker of specialty nickel-based alloys once the transaction closes, expected to...
After rumors surfaced in the media, Boeing acknowledged they and Spirit were in the initial discussions that could result in Boeing acquiring the troubled supplier. If they end up going ahead with the deal, Boeing will face significant challenges. Among...
Chair of the National Transportation Safety Board (NTSB) Jennifer Homendy reported to the Senate Commerce Committee that her agency had not received documentation of the door plug removal nor a list of employees involved in the procedure. While Boeing contested...
It’s not unusual for buyers and suppliers to dispute price and delivery terms. What is unusual is for the dispute to result in filing a legal action. Like Spirit AeroSystems going public last summer with its disagreement with Boeing about...
We expect that the recent directive from FAA Administrator Mike Whitaker signaling a shift from an audit approach to a direct inspection approach will have a substantial impact on production processes. The revelation that Boeing removed a door plug (enabling...