Bad News Not Flowing Up at Boeing?
Tomorrow's blog post today… not that anyone will be reading anything non-Michael Jackson related. RIP. A modern tidbit… I learned about the news via a friend's Facebook status update. The new, new media, I suppose.
“…Boeing had said at the Paris Air Show just days ago that the plane was ready to fly.”
“‘During the last two years…some investors described optimistic statements by management as misleading,' wrote Doug Harned, aerospace analyst at Bernstein Research, in a note to investors Tuesday. ‘On the contrary, we saw the answers as honest, which is the heart of the problem. Management appears to have been operating without adequate visibility into the details of program performance in the 787 organization and at suppliers.'”
Honest, but a clueless sort of honest. Why did the information not get to the Boeing execs? They must be pretty embarrassed (they didn't comment for yesterday's WSJ story).
The structural flaw that has grounded Boeing's 787 Dreamliner originates with Boeing's engineering and will likely add months of delay to the new jet program, an executive with key partner Mitsubishi Heavy Industries said Wednesday.
Trying to piece this together… it's probably not too much of a stretch to assume that people in Boeing KNEW that there were problems or likely delays.
This week, however, Boeing said its engineers and senior executives alike had known since May of the structural problem that will keep the jet grounded, possibly for months.