Tag: Boeing

Boeing Introduces a New Member to the Dreamliner Family

NAM Member Company, Boeing, introduced its second member of the Dreamliner family today.  The first flight of the new, innovative 787-9 successfully took place today at 1:30pm EST.

Boeing has always had a reputation for manufacturing advancements in air travel and they have done it again today with their new plane manufactured in Everett, WA.  The new 787-9 will carry more passengers, cargo, and has the ability to travel further than any other 787.  It is a more capable and efficient airplane than those that came before it.  The entire Boeing team, from the designers, engineers, executives and the men and women on the shop floor deserve a round of applause for taking air travel to the next level.

The NAM congratulates Boeing on delivering another state-of-the-art and efficient means of travel to customers around the world.

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Manufacturing a Hot Topic at Aviation Summit

Yesterday, Boeing Company President and CEO Jim McNerney was featured speaker for the 12th Annual Aviation Summit at the U.S. Chamber of Commerce. The event featured aerospace leaders from both the private and public sectors. The aerospace industry plays a vital role in our nation’s manufacturing sector, leading the innovation, development and advancement of new technology that benefits our entire economy.

In his discussion with Chamber President Tom Donohue, McNerney talked about the uncertainty in our economy that is causing manufacturers and companies to think twice before investing. “Certainty is a word that’s thrown around, but it is a meaningful word when you look at – long-term investment at this stage in the recovery is significantly lower than long-term investment at analogous stages in other recoveries,” said McNerney.

Boeing President and CEO Jim McNerney speaks during the 12th Annual Aviation Summit. Photo courtesy of the U.S. Chamber.

Manufacturers remain concerned with how Washington continues to lead us from one crisis to the next as well as the weakness in the economies around the world, such as in Europe.

McNerney also discussed how we are on the verge of manufacturing renaissance here in the United States, and the tremendous multiplier effect of manufacturing to the economy. “And I think there’s also a realization as people think about tax and fiscal policy that the value of manufacturing in terms of its broader impact on the economy is huge,” added McNerney.  For every $1.00 that is spent in manufacturing, another $1.48 is added to the economy, the highest multiplier of any economic sector.

Another important topic of discussion was the U.S. Export-Import Bank (Ex-IM). The Bank is a vital tool to manufacturers of all sizes which gives them the tools they need to be able to export to new markets throughout the world. Last week it was announced that President Obama has nominated Ex-Im President Fred Hochberg for a second term, this is positive news for users of the Bank and was lauded in a statement by NAM President Jay Timmons last week.

“Well, Ex-Im has always been important to big manufacturers who export,” Said McNerney of the value of the Ex-Im Bank. “Under Fred Hochberg’s leadership has become much more relevant for small- and medium-size businesses who, quite frankly, would – who find it even more difficult to export without some financial support.”

In 2012 the Ex-Im Bank supported more than 255,000 jobs making it a critical tool to our nation’s manufacturers and their ability to export. With 95 percent of the world’s consumers outside of the U.S. we must to more to export our products.

 

 

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Manufacturers Discuss Economic and Policy Concerns at NAM Economic Forum Hosted By Boeing

Yesterday, the NAM co-hosted an Economic Forum at the Boeing Company headquarters in Chicago. This forum was part an ongoing effort to hold discussions with senior-level executives and economists around the country to listen and discuss the current state of the economic and political landscape.

The Economic Forum in Chicago was hosted by Greg Smith, the Chief Financial Officer of Boeing, who highlighted the importance of manufacturing and exports for Boeing. Business at Boeing continues to grow and the company currently has a record order backlog.

Economists discuss manufacturing and the economy during a forum at the Boeing Company

Boeing is the largest commercial airplane manufacturer by plane output. Yet, aerospace is becoming increasingly more competitive globally and the largest challenges in the short-term stem from shrinking spending levels on defense and the prospects of devastating across-the-board federal spending cuts – including cuts to civil government agencies which will affect manufacturers from every sector.

The issue of the automatic spending cuts came up at multiple points during the discussion today. William Strauss, a senior economist with the Federal Reserve Bank of Chicago, noted the slow pace of growth in the economy that we have experienced since the end of the Great Recession. He anticipates growth of around 2.5 percent this year. While this is better than in 2012, it is modest at best.  He said repeatedly we are missing a significant opportunity to grow faster based on the “slack” in the economy created from the 2008-09 downturn – opportunities that could be realized through more agile and manufacturing-friendly policy implementation.

The other experts on the economic panel made up of Peter Hamilton, Chief Financial Officer, Brunswick; Hui Jiang, Business Analytics and Strategy Director, Navistar; and Chad Moutray, NAM Chief Economist tended to concur with this assessment.  Moutray presented compelling data that showed rapid expansion in manufacturing in the first quarter of 2012, but a serious decline for the remainder of the year.  Much of the cooling of manufacturing growth, Moutray said, was attributable to the uncertainty about the direction of economic and tax policies in Washington. (continue reading…)

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Fiscal Abyss Guarantees a Lesser America

With congress going out for another recess and both presidential candidates preoccupied with campaign politics, it seems like everyone has all but forgotten about the most serious issue looming over businesses and the US economy – the pending fiscal abyss. If Washington refuses to face reality and doesn’t take action to address this crisis, on January first we will be hit with $500 billion in tax increases and $109.3 billion in automatic, across-the board budget cuts.

Boeing has launched a new website, nocliff.com, to remind lawmakers that this is a serious threat to our economic security and that these devastating cuts and tax increases will affect every industry and every American. The website highlights the NAM’s study on the impact of the defense spending cuts, which found that the cuts will result in a loss of over 1 million private sector jobs up and down the defense industry supply chain. The website also reinforces the CBO warning that going over the fiscal abyss will mean a significant recession in 2013 and a loss of nearly 2 million jobs. These are numbers that Congress cannot continue to ignore.

With all signs pointing to a severe economic blow next year and the looming uncertainty already effecting businesses and investment, Washington must fix this now. Take action through NAM’s Manufacturing Works website and tell Congress to act before we plunge of the fiscal abyss.

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Boeing ecoDemonstrator Aircraft Comes to Washington

Today the Boeing Company brought the new ecoDemonstrator to Reagan National Airport in Washington. The eco Demonstrator program was started earlier this summer by Boeing, partnering with American Airlines, the FAA and other important partners.  The program uses an all new Boeing Next Generation 737-800 aircraft.

Boeing's ecoDemonstrator Visits Washington

Boeing's ecoDemonstrator at Reagan National Airport.

The goal of the ecoDemonstrator program is to help accelerate advancements and innovation in efficiency, noise, airspace modernization and to reduce the environmental footprint. The ecoDemonstrator that we had the opportunity to tour today has many unique features to help achieve these goals to lead to a sustainable future.

Perhaps the most unique feature on the aircraft is the regenerative fuel cell which converts hydrogen and oxygen gas to electricity and water. The aircraft also features an adaptive trailing edge on the wings that reduces airframe noise on takeoff and landing. To improve efficiency the aircraft has active engine vibration control which allows the engine to run at lower speeds and reduces vibration and noise in the cabin. The ecoDemonstrator even has recyclable carpet tiles that can be individually replaced instead of having to replace the entire carpet in the cabin.

Boeing is continuing test flights of the ecoDemonstrator to gain as much as data about these new features as possible. And hopefully in the future you will see these innovations when you are catching a flight on a future family vacation.

The ecoDemonstrator is another great example of how manufacturers are continuing to innovate to build better and more sustainable products.

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Boeing Dreamliner Lands in Washington, D.C.

A Boeing 787 Dreamliner touched down today at Ronald Reagan National Airport. The aircraft is in town for the Atlantic’s Innovation Summit that is being held this week at the airport.

A Boeing 787 Dreamliner arrives at Reagan National Airport

Boeing's 787 Dreamliner arrives at Reagan National Airport

The Dreamliner is the most advanced and efficient commercial jetliner ever produced. It is a great example of the innovations of modern manufacturing.

The aerospace industry continues to be essential to manufacturing  in the United States. Which is why its important for Washington to provide manufacturers with the tools necessary to compete globally so they can continue to innovate and create new products that can change the world, such as the Dreamliner.

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Dreamliner Makes First Commercial Flight

Today was another historic day for the future of the avaition industry in the United States as the first Boeing 787 Dreamliner made its very first commercial flight. The All Nippon Airways flight was a charter flight from Narita to Hong Kong that last about four hours.

The Dreamliner is the most advanced and fuel efficient commercial jetliner ever produced.

Boeing 787 Dreamliner

Boeing 787 Dreamliner

The aerospace industry is extremely important to innovation and manufacturing in the United States. Yet companies like Boeing are continuing to face regulations and headwinds that make it difficult to compete in the global marketplace. The National Labor Relations Board’s complaint against Boeing is creating uncertainty throughout the economy for manufacturers and has put at risk thousands of jobs in the production of the Dreamliner.

Manufacturers are looking for policies out of Washington that will help them create jobs and foster innovations like the Dreamliner. More regulations just continue to dampen job creation and growth.

Additional media coverage of the Dreamliner’s first commercial flight:

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First Dreamliner Takes Flight

Today the Boeing Company’s first 787 Dreamliner departed for Japan for delivery to All Nippon Airways Co. marking a historic event in the production of the this new airliner. The Dreamliner is the first commercial airliner to be mostly made of carbon fiber and will be up to 20 percent more fuel-efficient than most of the planes currently being used.

Boeing’s Dreamliner is a great example of our nation’s manufacturing innovation and ingenuity. The aerospace industry is critically important to job growth and the competitiveness of manufacturers here in the United States. It’s also important to remember that the products developed from many of the innovations in the aerospace sector are used to improve the daily lives of people all around the world.

For manufacturers to be able to continually innovate and remain competitive it’s important that they not be saddled with unnecessary and over burdensome regulations. The National Labor Relations Board’s complaint against Boeing threatens thousands of jobs and has created unnecessary uncertainty among employers throughout the nation. 

Manufacturers have made it clear that they need policies from Washington that will allow them to grow and lead the economic recovery. With the right policies in place, manufacturers will be able to create jobs with new innovations such as the Dreamliner.

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Admin Opposes House NLRB Bill

Sometime soon, the House is slated to vote on a bill (The Protecting Jobs From Government Interference Act, H.R. 2587)that would prohibit the National Labor Relations Board (NLRB) from forcing a business to shut down, relocate or transfer employment.

The bill will pass the House, though its prospects in the Senate are a little more murky.  The Administration has nevertheless come out and flatly stated that it opposes the measure.  The Wall Street Journal‘s editorial page has more:

In opposing the bill, the White House says “The [National Labor Relations Act] does not restrict the location of company operations, provided companies comply with the law.” But companies don’t live in this land of hypotheticals. The NLRB lawsuit is an explicit attempt to block Boeing from opening its new South Carolina factory, and either the Administration believes the NLRB is appropriately enforcing the law, or it believes the NLRB has exceeded its mandate and needs to be reined in. Now we know it’s on the side of the NLRB, which is run by Mr. Obama’s appointees.

For more on the NLRB’s agenda, be sure to visit the NAM’s labor policy page.  And it’s not too late to urge your representatives in Congress to support jobs.

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NLRB Hearing in House Today

The House Subcommittee on Health, Employment, Labor and Pensions held a hearing today about the NLRB.  Here’s an excerpt from Chairman Phil Roe’s opening statement:

The action taken by the National Labor Relations Board against The Boeing Company is a good example. While the facts are still in dispute, the outcome of the case may significantly alter the manner in which employers invest in our economy and our workforce. I recognize the case is in the early stages of what will be costly litigation. But I wonder if anyone seriously doubts the tremendous implications this case poses to our workforce, and could possibly deny Congress’ responsibility to consider those implications, ask questions, and determine what is in the best interest of our workers and their families.

Although this is just one of many cases presented to the NLRB, we must remember the board does not operate in a vacuum. It is an arm of the federal government, and its decisions govern virtually every private workplace in the nation. That is tremendous power that comes with a great responsibility to act on behalf of the public good. I am concerned the board has jettisoned this responsibility over the last two years in favor of an activist agenda designed to advance the cause of Big Labor over  the rights of every day workers.

You can watch the hearing hereBloomberg covered the hearing; read its report here.

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