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Thread: Profits

  1. #1
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    Nov 2006
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    Pac NW
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    Default Profits

    Are what makes the world go around - only governments can live on hot air -
    anyone on this forum want to live in Greece or Argentina?

    In the last 12 years the Boeing Company has received a total of $1.649 Bil in
    tax refunds while booking $43,113,000,000 in profits. Just how do they do that?
    The startup costs for any new model are all upfront costs &, in most cases,
    immediately deductible. 75% of any new models costs go into tooling, so a 10 billion
    dollar program will have $7.5 billion in tooling costs immediately deductible.

    BA at present has a 441 billion dollar backlog -85% of that backlog is on the
    Commercial side
    - when an aircraft costs 80-300 mil off
    the shelf thats not a lot of airplanes, though it is! The company's backlog is bigger than
    the GDP pif all but the largest 26 countries in the world & I would imagine their clout, in
    many cases to be greater than many of those countries. Certainly the top people on their
    staff would be more talented than those in the GDP countries. They don't have laws to enable
    their existence but I am sure they make them happen.

    The person who is now head of the Commercial Airplane Division is the son of a General Foreman
    I used to support as an engineer. It is not hard to see why he got there & why he is successful, it's
    in the genes . It's also a killer of a job!!!!

    BA announced publicly that in 2016 all defined benefit retirement programs for salaried non union staff
    will be history. This is in keeping with the program adopted to keep the 777X in the state of WA. That
    means the next round of negotiations will also have that proviso in the new contracts. As the politico's
    were all for the Machinists accepting that proviso in the "keep the 777x program here contract".
    How long do you think it will be before that is the norm in WA state contracts with Public Employees Unions?
    Last edited by Marvin S; 03-10-2014 at 01:01 PM. Reason: ad info
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  2. #2
    Senior Member
    Join Date
    Oct 2013
    Posts
    713

    Default

    Quote Originally Posted by Marvin S View Post
    Are what makes the world go around - only governments can live on hot air -
    anyone on this forum want to live in Greece or Argentina?

    In the last 12 years the Boeing Company has received a total of $1.649 Bil in
    tax refunds while booking $43,113,000,000 in profits. Just how do they do that?
    The startup costs for any new model are all upfront costs &, in most cases,
    immediately deductible. 75% of any new models costs go into tooling, so a 10 billion
    dollar program will have $7.5 billion in tooling costs immediately deductible.

    BA at present has a 441 billion dollar backlog - when an aircraft costs 80-300 mil off
    the shelf thats not a lot of airplanes, though it is! The company's backlog is bigger than
    the GDP pif all but the largest 26 countries in the world & I would imagine their clout, in
    many cases to be greater than many of those countries. Certainly the top people on their
    staff would be more talented than those in the GDP countries. They don't have laws to enable
    their existence but I am sure they make them happen.

    The person who is now head of the Commercial Airplane Division is the son of a General Foreman
    I used to support as an engineer. It is not hard to see why he got there & why he is successful, it's
    in the genes . It's also a killer of a job!!!!

    Maybe had a foot in the door already because of who his father was.
    BA announced publicly that in 2016 all defined benefit retirement programs for salaried non union staff
    will be history. This is in keeping with the program adopted to keep the 777X in the state of WA. That
    means the next round of negotiations will also have that proviso in the new contracts. As the politico's
    were all for the Machinists accepting that proviso in the "keep the 777x program here contract".
    How long do you think it will be before that is the norm in WA state contracts with Public Employees Unions?
    So what are they going to offer the future retirees for retirement benefits? Do they have a pension plan now and they are going to a 401k or some other type of retirement plan? Or are they just not going to offer anything in the future?

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