Boeing HQ
The key news for Boeing is that the FAA will strengthen its oversight just as Boeing is ready to resume production on the 737 MAX. With Boeing stating that the ramp-up will be slow, and the FAA’s February audit finding 97 incidents of non-compliance, firming up the Boeing safety system will be critical to either keeping the maximum rate of 38 aircraft per month or raising that threshold. With the FAA expecting a three to five year process to accomplish the safety culture improvements, rates above 38 per month are unlikely in the near to intermediate future.
The Boeing machinists are already returning to work, with all expected back by November 12th. This is particularly important for the local economies around the impacted Boeing facilities in Renton and Everett, as many local businesses relied on Boeing employees for revenues, and are thankful that the strike has ended.
In good news, revenue is rising at Boeing. A new order from China Airlines was split between Boeing and Airbus for large wide-bodies, with 10 Airbus A350-1000s and 10 Boeing 777X models being ordered.
In good news for Boeing military, Israel has placed a $5.2 billion order for 25 new F-15 fighter jets to modernize a portion of its fleet. These aircraft join the F-35 in the Israeli Air Force fighter jet arsenal, and will be modified to incorporate Israeli-built weapons while providing the F-15 fleet with the latest advancements.
Links to today’s news follow:
- FAA to strengthen oversight as Boeing set to resume 737 MAX production – Reuters
- Boeing machinists return to work, boosting local economies in Everett and Renton – CBS Austin
- China Airlines new $4 billion orders: 10 A350-1000 and 10 Boeing 777X – Aviation A2Z
- Israel signs $5.2 billion deal for fighter jets from Boeing – Middle East Monitor
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