Boeing Boeing Script - Free download as PDF File (.pdf) or view presentation slides online. Fees and availability are subject to change during the application process. We're also doing everything we can to support our global supply chain health. Airplanes that we plan to deliver this year will be 25% to 40% more fuel efficient than airplanes that they're replacing. I just want to make sure I heard you right on the block reduction. So that transition that will take place will be key to 2022 cash flow. Of course, MAX -- MAX being unique, as we talked earlier. So this is a very interesting set of dynamics, the fleet planning efforts are in full swing for everybody. Yeah, maybe I'll let Dave address the industry, and then I'll follow up. During the first quarter, we expensed $797 million of abnormal production costs. Core earnings per share was negative $1.70 and earnings in the quarter were also impacted by a charge on the KC-46A Tanker program. Well clearly, Rob, to Peter's question to Dave, that is the -- I would say the single biggest driver. We continue to support our defense customers in their critical national security missions. We are invested in capabilities with respect to manufacturing and engineering that we believe will offer a very differentiated product in whatever strategy we choose and we're fast at work at that stuff and we continue to be at work on it. There is no material change to our estimate of potential concessions and other considerations to customers for disruption related to the MAX grounding and associated delivery delays. The contraction in the cost base was driven by time. In some cases, this contributed to our site suspension decisions. Well, with respect to the MAX, I have a lot more confidence in the MAX and its place in the market than maybe the question implies. So that completes Boeing Company's first quarter 2020 earnings conference call. Please go ahead. Our current forecast based on all the rate discussions we just had today is a positive 2021 cash flow. In the meantime, we have approximately 450 737 MAX aircraft built and stored and our MAX backlog has remained strong throughout this process at approximately 4,000 aircraft. Boeing Boeing Script PDF - CONTINUITY SCRIPT. Because the traffic growth numbers and just the way it feels, it looks and feels like you could imagine literally every single one of your customers having a conversation with you about deferring or canceling. These rate decisions are based on our current assessment of the demand environment, taking into account a host of risks and opportunities. Springfield! We expect our customers to look at their fleet planning strategies differently in light of these dynamics. We have and we will continue to reduce discretionary spending. - Nicholas de Jongh, Evening Standard, "Fasten your seatbelts for the most deliriously funny flight of your life." Marketplace gets more robust for any reason, we'll increase that rate sooner rather than later and if it defers and/or gets any worse, we will do the opposite. So is it fair to say, as you and Greg look at the range of possible outcomes here, with respect to the suppliers, when you're talking about feeling fairly confident in this now, you're able to say you can take off say some worst-case scenarios that perhaps were there back when you mentioned that $60 billion, so that even under the sort of current worst case, you're fairly confident you're in solid shape for this year? And I asked on the context also have a lot of the gross items in your defense portfolio being related to very new programs, you've taken on some risk on the front end in terms of investments. Given this is largely a replacement market and granted not uniform, what type of retirement rates are you thinking for the industry? We will take that into account as we think about our production schedules going forward. In pursuit of the CARES Act, we're also deferring certain tax payments. And through it all, we are keeping the health of our employees, their families and our communities top of mind. And as we do that, our good credit then extends into the supply chain, and the supply chain then has to make a whole bunch of adjustments on their own to reflect the new production requirements at both Airbus and Boeing. It will really obviously depend on rates even further going out and not delivery rates as much as, but production rates and advances that could impact 2022 positively or negatively depending on where rates go from there. Marc Camoletti, I’d like to receive personalized emails about Boeing Store merchandise, birthday offers and exclusive member-only specials. And the first is to get the airlines from the pre-COVID moment into the post-COVID moment. ޒ�OW����\��GFO�{����nA�4aY����r���绫_���JP�����n'�Z�'����7֛9b+�9g��q�In���2��jv�f8�!j>;V�x� l) ������}:5֟���#���ћ�DzC�DP�-����7�5;\�3_&�]E KG ��됪,�����w�R�!���>�\�q�* It is no wonder why he is called the King of Comedy. 2008 Tony Award®, Best Revival of a Play. We are consolidating roles, simplifying processes and focusing accountabilities. You know the scenario. Turning to the 777X. Works like a charm in the start but things start to crumble which leads to a series of funny events. And due to the market uncertainties driven primarily by the impacts of COVID-19, we plan to reduce the combined 777/777X production rate to three per month in 2021. 235 Park Avenue South We will refly this test to demonstrate the quality of the Starliner system, paving the way for future crude flights. Please go ahead. Given its 2020 design update, no other tanker will have the technological capabilities of the KC-46. We are also committed to delivering excellence across our businesses and restoring our production health, and we are determined to invest in our future while always living our values. We will continue to work closely with our customers to review their fleet plans and make adjustments where appropriate to adapt to lower than planned 737 MAX production in the near term, provide more flexibility to deliver MAX airplanes in our backlog and protect the value of the MAX family. These aircraft in storage will convert to significant operating cash over the period of time it takes to deliver these aircraft out of inventory. The aerospace industry relies on a global shared supply chain and the aviation sector supports 3.6% of the global GDP, generating more than 65 million jobs worldwide. international success, ran for seven years and 2000 performances in its debut During our last earnings call, we shared that the use of cash flow this year is expected to be greater than 2019. Again due to COVID-19, our daily use of cash has continued to reduce this balance. [Foreign], (1968) Don’t Raise the Bridge, Lower the River, (1965) Boeing Boeing Script [Play Version], (1960) Visit to a Small Planet Script [Purchase], (1953) Scared Stiff Script [For Purchase], Boeing Boeing Script PDF - CONTINUITY SCRIPT. At this time, we are taking action to reduce our workforce by approximately 10% of our roughly 160,000 employees by end of this year, through the combination of voluntary layoffs, attrition and involuntary layoffs as necessary. So I think your assumption is correct and part of our assumptions in this process reflect the discussions we've had with financial sources. We Didn’t See You Leave. As an actor, Lewis was able to recreate himself so his comedy style would be fresh for new audiences. We've assumed that the timing of regulatory approvals will enable the 737 MAX deliveries to resume during the third quarter of 2020. David L. Calhoun -- President and Chief Executive Officer. This 1960's French Farce adapted for the English-speaking stage features self-styled Parisian Lothario Bernard, who has Italian, German, and American fiancees, each beautiful airline hostesses with frequent "layovers." Boeing 737 MAX Issue During its early development of Boeing 737, Max engineers conducted tests to ascertain how the aircraft’s aerodynamics would adapt to a range of extreme manoeuvres.