Boeing’s Fastener Slowdown

Boeing doesn’t seem to be going into much detail about the "parts

shortages" which have delayed the rollout of its new 787 Dreamliner

by six months. But Jeff Matthews talked

to a Boeing supplier a couple of weeks ago, who said that the 787 presented

to the world on July 8 was put together, in places, with “fasteners from

Wal-Mart.”

I don’t think the supplier was talking metaphorically: as long ago as May 24

I was wondering

whether a fastener shortage might hit

the 787’s production schedule. These little things can make a huge difference,

even if they’re, um, expected. Matthews picks up a fanatastic quote

from a Boeing executive which is positively Rumsfeldian:

As we’ve experienced in the last couple of months, we are not experiencing

things we didn’t think we would experience. We’re just experiencing

slower resolution of what we thought we would find.

Translation: We knew there were fastener shortages. We just didn’t get realistic

about how long they were likely to last.

This entry was posted in stocks. Bookmark the permalink.