After $6.5B hit, Boeing warns many initial 777X orders have slipped into 'at risk' category

[Yo_Mama_Been_Loggin]

Boeing believes 45% of its prior orders for the 777X could be at risk of being terminated, potentially forcing it to further reduce production of the massive new passenger jet.

The Chicago-based jet maker disclosed the gloomy outlook in its latest 10-K annual securities filing.

The aircraft manufacturer added that an ongoing series of delays with its 777X program have "resulted in, and may continue to result in, customers having the right to terminate orders and or substitute orders for other Boeing aircraft."

In its filing, Boeing blamed a combination of the pandemic and program and certification issues for the delays.

https://www.bizjournals.com/seattle/news/2021/02/02/boeing-777x-jet-orders-at-risk-missed-deadlines.html

[iemitsu]

1. "Chicago based jet maker

They should have stayed in Washington and used union labor.
They wouldn't be having the trouble they are having now.

[Yo_Mama_Been_Loggin]

2. The 777 is exclusively made in Everett

It's the 787 that uses the non-union labor in Lindsey Graham's state.

The 777 problems are more likely due to the economic slow down brought on by COVID.

[iemitsu]

3. Ok, I still reserve distrust and distain for Boeing.

[gohuskies]

4. Boeing made a pact with the devils @ McDonnell Douglas

and that decision started the slow steady decline of a once dominant and proud U.S. aeronautical industry. Moving corporate hq to Chicago allowed the execs and bean counters to ruin Boeing from a distance.