New Boeing CEO Cites Fasteners in Cost Savings
FEATURE
“As each 787 Dreamliner left the production line at Boeing’s Everett factory near Seattle in the first quarter of this year, $26m of the aircraft maker’s operating profit departed with it,” reports the Financial Times.
Reversing that trend is a central priority of incoming Boeing CEO Dennis Muilenburg.
As Boeing’s COO, Muilenburg has been pursuing improved operating performance over the past two years.
In a Financial Times interview, he cited the example of the 60,000 fasteners attached by hand on every one of Boeing’s 777 long-range aircraft. Robots, which will be used on a planned new version of the aircraft called the 777X to curb labour intensive tasks, are now to be deployed on the existing model.
“We will further reduce the risks and take cost out,” he said.
Transforming Dreamliner production into a profitable enterprise will be an essential priority of the 51-year-old Boeing veteran.
As reported in FIN, fasteners have played a prominent role in the nearly three-year delay of Boeing’s new composite 787 Dreamliner, as supply disruptions and improper installation plagued its test aircraft fleet. Web: boeing.com
Click here to read FIN’s exclusive 2011 interview the John Byrne, the Boeing executive in charge of fastener procurement for the aerospace giant.
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