Boeing starts streamlining effort for military aircraft unit
NEW YORK (Reuters) - Boeing Co (BA.N) said on Monday it was launching a "business optimization" effort for its military aircraft division, according to an internal memo seen by Reuters and confirmed by the company.
As part of the effort, Boeing will set up engineering capability centers and production centers to streamline operations over next two years, said the memo from Shelley Lavender, president of Boeing Military Aircraft (BMA).
"We are competing in an environment where cost, quality, capability and value are all critical to both new business growth and in maintaining existing contracts," the memo said.
"BMA is working to deliver essential capabilities at prices customers are willing to pay and, in doing so, raising the bar beyond our competitors' reach."
- U.S. man sues soccer star Cristiano Ronaldo over CR7 trademark
- Wall Street drops, S&P on track for worst day since April
- Moscow fights back after sanctions; battle rages near Ukraine crash site |
- Sierra Leone declares emergency as Ebola death toll hits 729 |
- Netanyahu vows to complete Gaza tunnels destruction |