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The Boeing Company (BA)
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Operates as an aerospace firm in five principal segments: Commercial Airplane, Integrated Defense Systems, Precision Engagement and Mobility Systems, Network and Space Systems, Support Systems and Boeing Capital Corporation.
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Even though we are in a recession and there is no reason to rush it, this is kind of ridiculous. First test flight in 2007?! At this rate, they won't test this till 2010. I mean this is really hurting the company's image, they are losing tons of money. Boeing is really at the top of my list for companies that needs new direction and management. I understand safety is a first, but why predict you can test something at a date you can't...that falls on management.
I expect Boeing to continue to stumble towards bankruptcy until they get new direction.
David Ristau
President, The Oxen Group
www.theoxengroup.com
because the market demands they predict it, and it helps advertise about the plane, plus in this market no news is bad news, why not release some news about a test fligh and create some optimism about the company. Plus they will not sale less planes because of the extra safety precautions but they will lose sales and prestige if the release the plans with any defects.