Reuters - Video

Edition: US | UK | IN | CN | JP

video AerospaceandDefense10

Boeing: Productivity to drive growth

Tuesday, September 07, 2010 - 03:59

Sept. 7 - Dennis Muilenburg, CEO of Boeing Defense, Space & Security, says the aerospace giant will focus on productivity and competitiveness based on flat U.S. growth projections.

▲ Hide Transcript

View Transcript

Boeing says it seemed to -- market in the US expects flat top line growth in defense over the next few years. It tell us more about is that -- the president and C you know Boeing's defense space and security unit and he joins us. And -- is an aerospace and defense summit. Thanks for joining us this -- could be here thank you. Let me ask you about the so belt tightening that you're having to go through what do you say you you've announced headcount reductions go small plants to reduce headcount. Do you see more belt tightening to come you have more job losses in the pipeline do you think we -- is that press's obsession now Aruba when to the defense industry in this country. I think we see that flat top line budget profile extending for several years I think that's the reality that we face now in the defense market. So it's incumbent on last. Design our future with that in mind we need to drive productivity now -- competitiveness now expecting that budget line to be relatively flat. And then also invest in targeted areas where we -- growth opportunities areas like rotor craft a new areas like cyber -- unmanned so there are. Pockets of opportunity. And then also be on domestic we -- opportunities Boeing says it seemed to -- market in the US expects flat top line growth in defense over the next few years. It tell us more about is that -- the president and C you know Boeing's defense space and security unit and he joins us. And -- is an aerospace and defense summit. Thanks for joining us this -- could be here thank you. Let me ask you about the so belt tightening that you're having to go through what do you say you you've announced headcount reductions go small plants to reduce headcount. Do you see more belt tightening to come you have more job losses in the pipeline do you think we -- is that press's obsession now Aruba when reducing our belt. Tightening to come I think it's very important and now we've focused on productivity. And affordability for customers. Really in this case following our customers lead on some overhead cost reductions. And probably looking for opportunities become more efficient and more productive. With the idea that productivity now tries growth in the future and does not mean job losses for the job losses could be on the -- There we actually see a mixed environment they're in some cases were ramping up in this growth areas like unmanned systems and cyber. On the other hand we -- targeted cost reductions in other areas where we can reduce overhead and drive efficiency for customers. Looking ahead to lead the US market in years is the economy the deficit -- big concern and says. Yeah do you see the good times over the coming back to the defense industry in this country. I think we see that flat top line budget profile extending for several years I think that's the reality that we face now in the defense market. So it's incumbent on last. Design our future with that in mind we need to drive productivity now -- competitiveness now expecting that budget line to be relatively flat. And then also invest in targeted areas where we -- growth opportunities areas like rotor craft a new areas like cyber -- unmanned so there are. Pockets of opportunity. And then also be on domestic we -- opportunities to grow internationally and we CEO we see some great growth opportunities in the Middle East. In southeast Asia as an example cannot international side and is here is pretty might outbreak can you get human growth can you can you be expecting -- We are expecting to continue to see moderate that growth in our operation over the near term. That recognizes the reality of the flat to US DOD budget offset to a degree by international growth and then targeted growth. In some of these entries markets but that does some global security environment how's that changing and how you aren't you as a company has got into those changes. We see the global security market continuing to expand certainly international collaboration. Is important to us and in many cases where the US is collaborating with partners around the globe. We partner as well today were reliant on global supply chains -- ability to operate around the globe is important. And paying attention to those defense and security needs around the globe. Is also an opportunity for us to grow in many cases that really building partnerships around the globe and investing locally. In the areas where we work. How worried you about the global economic countless how does not play in Canada and YouTube focusing so much on the international stage -- the global economy really isn't. Going very well -- outside the then again we see sort of a mixed bag when you look at the global economic recovery spotty recovery in some areas again relatively flat. Budget among many of our European customers on the other hand some growing budget. In the Middle East and southeast Asia so it's very important for us to pay close attention to our cost -- needs. And to be very responsive to those needs and to do that in a way of where we're looking at different regions and different markets specifically. Okay thanks very much for joining us today glad to be here thank you. That was that is not a good president and CEO Boeing's defense space and security unit I'm signed and yet this is brought us.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Boeing: Productivity to drive growth

Tuesday, September 07, 2010 - 03:59