Bloomberg has an interesting article out today. The focus of the story is Boeing and Spirit. But there is an item that caught our eye. “The Boeing-Spirit deal also extends the number of planes covered by the 787 agreement to 1,300 units from the 1,003 carbon-composite jets covered under the current arrangement, and establishes a “planning block’’ through line unit 1,405.
That’s an indication that Boeing might also be planning to raise its accounting block – an estimate of sales used to calculate profits under the arcane rules of program accounting – from the current 1,300 planes.”