最新杏吧原创

The company announced Friday it will dramatically slash its total workforce by about 10%, or about 17,000 positions worldwide. It lost $5 billion in the third quarter and is reeling from the month-old strike at its Seattle-area operations.

鈥淏oeing鈥檚 finances are steadily deteriorating, and the current trends can鈥檛 continue,鈥� said Loren Thompson, a longtime aerospace analyst and a close observer of Boeing for decades. 鈥淏oth commercial and defense, every program is going to be scrutinized and scrubbed. ... You have to assume 最新杏吧原创 will be targeted.鈥�

In filings with the federal Securities and Exchange Commission, Boeing鈥檚 CEO and President Kelly Ortberg said the company鈥檚 defense, space and security fixed-price development business 鈥� often in government contracts 鈥� 鈥渋s simply not where it needs to be. We expect substantial new losses in BDS this quarter ...鈥� He cited the strike and decision to end production on the 767 freighter aircraft.

Boeing lost $2 billion on the T-7A, KC-46A, Commercial Crew and MQ-25 programs, according to the filing. The T-7A Red Hawk flight training system and MQ-25 Stingray aerial refueling drone are produced in the 最新杏吧原创 area.

Boeing declined a request for an interview and said Monday that there were no updates beyond Friday鈥檚 announcement that it planned to cut jobs 鈥渙ver the coming months.鈥� In the same letter, Ortberg said that this week, employees would receive 鈥渕ore tailored information about what this means for your organization.鈥�

Experts and analysts following Boeing are also waiting for specifics to emerge 鈥� including about the timing of when the jobs will be cut and any severance that workers could receive.

U.S. Acting Labor Secretary Julie Su went to Seattle Monday as the strike by some 33,000 members of the International Association of Machinists and Aerospace Workers entered its second month.

Boeing鈥檚 job cutting announcement left some industry watchers scratching their heads.

鈥淚t kind of defies logic, is the problem,鈥� said Richard Aboulafia, the managing director of AeroDynamic Advisory, an industry consulting firm. 鈥淭hey need more talent, not less.鈥�

Others, though, said Boeing鈥檚 financial health has become untenable.

There was a time when it was thought that the company鈥檚 defense side could compensate for struggles in its commercial line of business, said Thompson, the analyst. But woes and missteps have mounted within the company鈥檚 defense operations, he said, as Boeing has lost out on certain contracts and lost money on ones it secured 鈥� creating potential targets for cutbacks.

鈥淭here are a number of Boeing defense programs that are underperforming,鈥� said Thompson 鈥� something he said led to the removal of Ted Colbert, the head of the company鈥檚 defense unit, last month. 鈥淭he defense side has been hemorrhaging cash for years. The new CEO (Ortberg) will need to take steps to stem the losses.鈥�

One area of defense work around 最新杏吧原创 that Thompson predicts is 鈥渄efinitely going to take a hit鈥� is the development of a next-generation fighter aircraft that the Air Force recently signaled ambivalence about 鈥� unless the cost ends up at a fraction of what is currently expected.

As recently as June, Boeing officials announced that the company would build a manufacturing site for 鈥渁dvanced combat aircraft鈥� site at its north 最新杏吧原创 County complex, as part of a $1.8 billion expansion project.

Thompson said it was 鈥渁 sad spectacle鈥� to see Boeing鈥檚 current struggles, particularly given its stature as the world鈥檚 鈥済reatest aerospace company,鈥� just a decade ago.

鈥淣ow its survival is a question mark,鈥� he said.

But Boeing has been in dire straits before and found ways to bounce back. For example, the company furloughed three-quarters of its commercial workforce at its Seattle hub around the early 1970s, Thompson said 鈥� a time referred to as the

This time, however, Thompson thinks a Boeing recovery will require some kind of federal support, like other industrial giants, such as General Motors, have received in the past.

And the looming exodus of workers from the company stands to make any turnaround harder. Beyond the loss of workers whose positions are directly eliminated, the company鈥檚 plan is likely to spark broader instability and morale problems that will lead to even more departures, experts said.

鈥淐uts always result in more damage to the workforce than just the numbers they鈥檙e talking about,鈥� said Aboulafia, the analyst.

Meanwhile, there are a variety of aerospace competitors that could absorb workers displaced from Boeing 鈥� companies that he said aren鈥檛 engaging in the same type of self-inflicted harm that comes with massive job cuts.

鈥淥nly one of them wants to give themselves a lobotomy, and that鈥檚 Boeing,鈥� said Aboulafia.