Specialist
Former manager at The Boeing Co
Agenda
- Boeing (NYSE: BA) – defence overview and competitive landscape
- Growth outlook – technological advancements and supply chain management
- Opportunities and hurdles, including global economic tensions
- 12-19-month outlook
Questions
1.
What are your thoughts on the US defence industry? What key trends should we monitor?
2.
How do you think about Boeing’s defence industry positioning?
3.
What’s your outlook on the 737 Max given the FAA [Federal Aviation Administration] has now certified it as safe? What could this mean for Boeing, given how heavily it has relied on the defence segment?
4.
Could you elaborate on synergies between the defence and commercial segments? How is Boeing leveraging its defence segment to offset the declines in commercial?
5.
Could any operational dis-synergies emerge from the reduction in commercial operations and manufacturing staff, given the crossover between the segments?
6.
How confident are you in Boeing’s ability to realise its full USD 62bn backlog, which has significant foreign exposure?
7.
What’s your outlook on Boeing’s major platforms? How important could the testing cycle be for the EX life extension to the F-15? Could anything go wrong that would cause major issues for contract deliveries?
8.
What’s your take on the KC-46 platform? Are you confident in Boeing’s ability to make it profitable into 2021, given the issues that seem to have occurred?
9.
How do you assess the hydrogen-powered crafts? Their viability seems negative, at least for Boeing.
10.
What are your expectations for new platforms? How well-positioned is Boeing to spend the necessary R&D on those advancements? While the F-15EX is in some senses a new platform, it’s really a fourth-generation craft. Eventually the company will have to start with a clean slate and revamp.
11.
Which Boeing partnerships could be critical to maintaining the company’s long-term growth? Do they include the Lockheed relationship and the Bell Boeing with Textron?
12.
You mentioned that Boeing has a decent number of holding companies poised for future partnerships and new technology. How does Boeing manage those companies? How are they integrated into the overall strategic approach?
13.
How flexible would you say Boeing is on pricing, given that the platforms are becoming more expensive? How could the F-35 being less expensive than the F-15EX affect Boeing’s ability to continue to gain contracts, and how flexible will it need to be to do so?
14.
Could you discuss any coronavirus headwinds around Boeing’s ex-US relationships? How might the pandemic affect the company’s supply chain and its ability to maintain relationships with international customers, given that they make up 30% of the defence backlog?
15.
What’s your outlook on Boeing achieving success in the unmanned segment? The landscape is very competitive, but you mentioned the company winning a major contract in this area. How would you say Boeing matches up to other players?
16.
How could China’s proposed sanctions on Boeing impact the company? What could resolve the situation?
17.
What do you consider Boeing’s major international growth markets for defence going into 2021, given the size of China’s market and the extent of its foreign military sales?
18.
How have Boeing’s relationships with suppliers evolved over the pandemic? What are your expectations for the company ramping up production with them across defence and commercial – given the overlap in the suppliers – especially as commercial potentially begins to return?
19.
How confident are you in Boeing’s defence management team? Do you think it’s able to continue leveraging the segment to carry the company through the downturn?
20.
Is there anything we’re yet to touch on around Boeing’s defence business?
21.
What’s your outlook for Boeing in 2021, given your seeming positivity about the company? What key platforms should we monitor for growth? What would you say are the major headwinds and tailwinds for Boeing?
