Re:Boeing, expecting a long slump, will cut 16k jobs
by ardy42 on Wednesday April 29, 2020 @02:47PM
(#23022693)
> This. The only stuff that needs to be nationalized is some fraction of certain industries that are critical for the nation (eg infrastructure, shipping, defense, energy, etc...).
> In addition to being the world's biggest producer of commercial airplanes, Boeing is also one of the world's biggest defense businesses -- and this is key to understanding Boeing stock. Commercial Airplanes may provide 69% of Boeing's revenue, but according to data from S&P Global Market Intelligence, Commercial Airplanes contributes only 54% of the company's profits. The bulk of Boeing's remaining business comes from its big Defense, Space & Security division, which comprises three parts: Military Aircraft, Network & Space Systems, and Global Services & Support.
Boeing is a big defense contractor:
https://www.fool.com/investing/2017/01/30/boeing-earnings-th...:
> In addition to being the world's biggest producer of commercial airplanes, Boeing is also one of the world's biggest defense businesses -- and this is key to understanding Boeing stock. Commercial Airplanes may provide 69% of Boeing's revenue, but according to data from S&P Global Market Intelligence, Commercial Airplanes contributes only 54% of the company's profits. The bulk of Boeing's remaining business comes from its big Defense, Space & Security division, which comprises three parts: Military Aircraft, Network & Space Systems, and Global Services & Support.