1. HOW BOEING BROKE DOWN.
- Author
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TULLY, SHAWN
- Subjects
AIRCRAFT industry ,AIRCRAFT accidents ,AERONAUTICAL safety measures ,AIRPLANE parts ,BOEING 737 (Jet transport) - Abstract
Boeing's stock value has increased significantly over the past 20 years, but the company has also faced numerous challenges and negative events. These include production errors, quality-control problems, and mishaps on Boeing aircraft, leading to the removal of top executives and investigations by regulators. Boeing's reliance on outsourcing and cost-cutting measures have contributed to its quality issues and weakened its system of quality control. The company's future is uncertain, and it needs new leadership and a commitment to improvement. In recent years, Boeing experienced financial success, but this ended with two tragic crashes caused by faulty flight control software on the 737-8 Max. A former senior manager at Boeing testified as a whistleblower, highlighting potential safety issues and a rushed production process. These crashes and quality problems have had significant financial and reputational consequences for Boeing, and the company is now working to address these issues and improve its safety culture. [Extracted from the article]
- Published
- 2024