Harmonic Drive SE’s Post

Pat Shanahan is enlisting quite the all-star team of retired Boeing (and Spirit) executives to help right operations in Wichita. Among those advising the new Spirit AeroSystems CEO: Mark Jenks, who played a huge role in turning the 787-9 and -10 into stunning widebodies and later led the 737 program through one of its toughest times -- shutting down and re-engineering Renton. He retired last year as Boeing senior vice president for airplane programs, a role Shanahan once held. Check out my scoop, linked below. #boeing #boeing737 #aviationindustry

Today's top S&P 500 performers 🤑 United Rentals (+12.95%) American Airlines (+10.26%) IBM (+9.48%) Today's worst S&P 500 performers 🤮 Tesla (-12.12%) Humana (-11.69%) Northrop Grumman (-6.33%) IBM among the best performers and TSLA among the worst ... don't see that often.

When the company started, the mindset had always been to meet our financial obligations, reinvest in the business, and take care of our team, and way last on this list comes our salaries as owners. Taking care of our people positions them to provide great service, which in turn will result in profits...#familybusiness #teamwork #culture

Safety and quality is where it's at!

Boeing's current strategy is like applying a Band-Aid on a gaping wound. Despite Ortberg's strong background and genuine efforts to address Boeing's cost-cutting at the expense of quality and safety, history suggests limited change. Previous CEOs have made similar promises, yet the company remains stuck in its old ways. Boeing urgently needs a strategic, systemic, and cultural overhaul. I fear Ortberg's efforts may be hindered by the board and market's negative reaction to increased costs and the necessary transitional period. This pattern of initial improvement efforts being met with resistance, followed by CEO scapegoating, is all too familiar. Boeing cannot tolerate even minimal failure rates; they must remember that they manufacture airplanes, not bicycles. They must shift from shareholder value and executive compensation to quality and safety, a shift that is crucial for the company's future. Instead of prioritizing stock prices, Boeing should invest heavily in overhauling production lines and restoring its reputation. I fear that a year from now, we will see another shareholder meeting and an annual report showing that 50-60% of operating capital is spent on stock buy-backs instead of vital improvements.

While only a few people get time off work for today, #Juneteenth should truly be a holiday for everyone. I think this is the most important holiday in the United States and should have been implemented sooner. Juneteenth is a celebration of the beginning of the end of one of America's most problematic aspects in its history, something that we all should celebrate and meditate on. For those unaware of its importance, Juneteenth is celebrated to "commemorate the ending of #slavery in the United States. The holiday's name is a portmanteau of the words "June" and "nineteenth", as it was on June 19, 1865, when Major General Gordon Granger ordered the final enforcement of the Emancipation Proclamation in Texas at the end of the American Civil War. Although this date commemorates enslaved people learning of their freedom under the Emancipation Proclamation, this only applied to former Confederate states. There remained legally enslaved people in states that never seceded from the Union. These people did not gain their freedom until the ratification of the 13th Amendment to the United States Constitution on December 6, 1865." Of course, the freedom gained that day did not change the USA quickly and it took until the Civil Rights movement of the 60s for black Americans to start gaining the equal rights and respect they deserved. And that also did not change this country quickly. #freedomday #equalityforall #civilrights #celebratefreedom

It is time for radical change. Just changing the people is not the answer. Boeing needs to heed the warnings about the disconnect in its businesses. That means that management needs to be closer to the manufacturing and soul of its business units. Boeing should seriously consider a breakup into at least 2 discrete parts. Civil and Military/Space. Take the civil side and bring it back to Seattle. Leave the military and space teams back near the seat of government. #Boeing #breakup #Civilaviation #MilitarySpace

Take a look at the following video about the Aircraft Assembly Centre at Toronto Pearson Airport. Learn more about Bombadier's great business future. 

The new CEO of Boeing, Kelly Ortberg, is expected to make a significant impact due to his engineering background and extensive experience in the aerospace industry. Here are some reasons why his engineering expertise, rather than a financial background, could be beneficial for Boeing: 1. Technical Insight As an engineer, Ortberg brings a deep understanding of the technical complexities involved in aerospace manufacturing. This could lead to better decision-making when it comes to product development and innovation. 2. Industry Experience Ortberg's tenure as the head of Rockwell Collins and his involvement with United Technologies and RTX provide him with a solid grasp of the aerospace sector's challenges and opportunities. 3. Focus on Safety and Quality With engineering roots, Ortberg is likely to prioritize safety and quality, which are critical for Boeing's reputation and success, especially following recent safety crises. 4. Strengthening Customer Relations His background may help in rebuilding trust with airline customers and regulators, which is crucial for Boeing's recovery and future growth⁴. 5. Leadership in Crisis Having led through the COVID-19 pandemic as chair of the Aerospace Industries Association, Ortberg has experience in steering organizations through challenging times. 6. Commitment to Engineering Excellence By being based in Seattle, close to where Boeing's key jets are produced, Ortberg's presence could be a nod to Boeing's commitment to its engineering roots and excellence. In summary, Kelly Ortberg's engineering background equips him with the necessary skills to address Boeing's current challenges and steer the company towards a successful future. His technical expertise and industry experience are seen as assets that could help Boeing navigate through its complex issues and regain its position as a leader in the aerospace industry.

"Do you want to fly in an airplane where they prioritized DEI hiring over your safety? That is actually happening." – #ElonMusk Let's have a close look at Boeing and DEI! (Really should be spelled DIE 💀🔥) Boeing's corporate filings with the SEC reveal that at the beginning of 2022, the annual bonus plan to reward the CEO and executives for increasing profit for shareholders and prioritizing safety was changed to reward them if they hit DEI targets. I won't be flying on any new Boeing aircraft. How many people will have to be sacrificed for "equality" over merit? #DEI #WEF #climatechange #sustainability #corporate #airtravel #boeing #diversity #aircraft #transportation #safety #leadership #HR