PPRuNe Forums - View Single Post - Analysis-Lost Brazil order raises threat to Boeing fighter jets
Old 21st Dec 2013, 09:50
  #1 (permalink)  
Lyneham Lad
 
Join Date: Jul 2002
Location: Under a recently defunct flight path.
Age: 77
Posts: 1,375
Received 21 Likes on 13 Posts
Analysis-Lost Brazil order raises threat to Boeing fighter jets

As this Reuters article addresses points well beyond the lost Brazilian order, I thought a new thread warranted.

(Reuters) - Brazil's decision to buy Swedish fighter jets instead of F/A-18 Super Hornets from Boeing eliminates its most promising foreign-sales prospect just as the U.S. company faces critical decisions about extending the jet's production line past 2016.

The loss of the $4.5 billion contract for 36 planes is the latest blow to Boeing's defence division, whose F-15 fighter jet last month lost a potential 60-plane order from South Korea to Lockheed Martin Corp's next-generation F-35 fighter.

Without new orders, both programs, based in St. Louis, Missouri, could fold in several years, effectively putting Boeing out of the fighter-jet business until a next-generation plane is developed, a decade or more in the future. The closures would follow the shuttering of Boeing's C-17 military transport plane production, in Long Beach, California, set for 2015, also because of sagging sales.

All these prospects present a near-term threat to Boeing's defence business. Fighters and C-17s accounted for 40 percent of Boeing's military aircraft deliveries so far this year. Military aircraft sales totalled $11.5 billion in the first nine months of 2013, down from $11.9 billion a year ago. (Boeing does not break down revenue by product line.)
Click on the link for the rest of the article.
Lyneham Lad is offline