Defense & Aerospace Report Defense & Aerospace Report Podcast [Jun 29, ’24 Business Report]
Jun 30, 2024
Industry experts Dr. Rocket Ron Epstein, Sash Tusa, and Richard Aboulafia discuss stock market trends, Airbus profit warning impact, Boeing's legal woes, Anduril's funding raise, and DoD's Replicator program. The podcast also covers US election effects on global markets, AeroVironment's innovations, and challenges in defense technology.
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Airbus Supply Chain Issues Grow
- Airbus's production cuts reveal deep supply chain problems, especially with engine makers and cabin interiors.
- These issues are causing a prolonged supply downturn lasting several years, unlike typical demand crises.
Airbus Blames Multiple Suppliers
- Airbus blames both Pratt & Whitney's gear turbofan issues and CFM's supply delays for aircraft production slowdowns.
- Supply disruptions are unintentional but systemic, not a supplier revenge, indicating broad reliability failures.
Boeing's Management Challenges Reflected
- Boeing shares declined 30% year-to-date, underperforming despite the overall market gain.
- CEO tenure contrasts show Boeing down 45% while GE's Larry Culp saw a nearly 200% increase, highlighting management impact.