The first 737 Max
crash was 10/29/18 in Indonesia. The second 727 Max crash was 3/10/19 in Ethiopia.
On 8/18/19, Boeing admitted that flaws in 737
MAX simulator software made the system unable to reproduce flight conditions
that contributed to the crashes in Ethiopia and Indonesia
Boeing began taking
orders for the 737 Max in 2011 and had 5008 ordered. Boeing began deliveries in 2017 and have
delivered 387.
Order
cancellations for the 737 Max reached 216 as of 6/30/19.
Boeing
revenue for 2019 has declined 35% as of 6/30/19.
Revenue
for Q2 ending 6/30/19 was $15.751 billion.
2019
$92.155 billion estimate
2018
$101.127 billion
2017
$94.005 billion
2016
$93.496 billion
Boeing stock peaked at
$446 on 3/1/19 and closed at $341 on 7/31/19.
Comments
Boeing got caught up
in the Artificial Intelligence craze and developed software to auto-correct
down-draft.
In 1993, the US DOD
called for consolidation of defense contractors. Boeing acquired Rockwell
Defense businesses in 1996 and acquired McDonnell Douglas in 1997. Boeing may
have gotten too big to not screw up. The 737 Max problem should be a cautionary
tale for all companies rushing into artificial intelligence without sufficient
testing.
Norb Leahy, Dunwoody
GA Tea Party Leader
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