As we are nearing Boeing’s (NYSE:BA) Q3 result earnings call in October, we are also expecting Boeing to announce or outline consolidation plans for the Boeing 787. The announcement seems to be a formality as Boeing faces lower costs in North Charleston for the Dreamliner production, and demand for wide body aircraft has dwindled, and the company has been looking for ways to make its business less prone to work disruptions from the strong unions in the Seattle area.
In this analysis, we will look at why this is a major blow to the Everett assembly site.
Source: Australian Aviation
Note from Author: As we were preparing this report for subscribers, The Wall Street Journal reported that Boeing will set plans this week to consolidate production in South Carolina.
Wide body in Washington state to tumble
Moving the Boeing 787 from Washington would be a blow for the Everett facility.