This will be today's running thread for the delay announcement today. Leave your thoughts, question here as the news develops today.
12:18 PM: Post call podcast with Addison Schonland and Scott Hamilton.
11:27 AM: Carson says that production ramp up and dealing with suppliers will come later in the quarter and the primary focus will be on Airplanes 1-6. This is VERY significant, it appears that Boeing has hit the stop button on airplane 7 and on. Gaining footing on the flight test airplanes is the first priority.
11:18 AM: Shanahan says that "parts are not the pacing item." Reconciling part documentation has been, "onerous and time consuming" This leads directly back to supply chain management and the VELOCITY software tasked with managing all the parts in the program.
11:10 AM: Boeing is placing "additional operational experts" in Everett and at supplier partners. This is really a first step to putting skill and experience along side a large newly trained workforce.
11:01 AM: The conference call is about to get started. I won't be liveblogging on a stenography basis, but rather providing thoughts as the call develops.
10:28 AM: The LCF has just left Everett for Nagoya. It will return tomorrow or Friday with the wings for Dreamliner Two.
9:35 AM: Just wrapped up a podcast with Scott Hamilton and Addison Schonland at IAG on the delay. Another podcast will follow the 11 AM conference call.
8:45 AM: Boeing officially announces that first flight has been pushed to by the end of the 2nd quarter.
on January 16, 2008 11:28 AM | Reply
Ah, parametrically consistent with past programs (as if this is a replay) so they only need focus and execution. Interesting.
on January 16, 2008 11:32 AM | Reply
Scott cut off questions beyond 1/2 hour and punted on some issues to the next call.
on January 18, 2008 4:20 AM | Reply
Boeing says that this "re-adjustment" won't affect their earnings for 2008, which is normal if, as has been reported, suppliers aren't paid till the aircraft is certficated ... But the suppliers will be needing finance during the dead period, and unless they have plenty of credit in hand, their position could become "delicate" if banks are really not in lending mood due to the "credit crunch"...
Points that I hope will be covered in the January 30th call, and of course passed on by opur indefatigable bloogers.
JP
on January 18, 2008 4:21 AM | Reply
Correction ... " our indefatigable bloggers" ...
JP
on January 19, 2008 5:24 PM | Reply
[i]This is VERY significant, it appears that Boeing has hit the stop button on airplane 7 and on.[/i]
Looks like some suppliers made that decision on their own and in their own interest...